BSP introduces new fixed deposit interest rates

Bank South Pacific (BSP) has implemented a new interest rate for its Fixed Term Deposits to offer higher returns for customers.
BSP is now offering a new rate of three per cent per annum for 24 to 60 months.
BSP country manager, Kevin McCarthy, said: “In a subdued market for Term Deposits, we are delighted to offer rates and terms that can suit the goals of any serious saver.”
Designed to suit all types of savers, BSP’s Term Deposits enables customers to earn interest from 0.75 per cent per annum to three per cent per annum.
This can be done by depositing $1000 or more for a minimum term of 1month or up to five years. The rate of return on deposits increases with the term taken.
“Fiji’s bank customers are well-informed and quick to take up a good offer. We are offering great rates that will allow them to grow their wealth,” Mr McCarthy said.
Term Deposit customers with BSP are able to receive interest payouts before maturity date at intervals of six or 12 months.
In addition, they are able to easily transfer this interest income to an alternative savings account, such as EasySaver, where they can earn bonus interest over and above normal interest earned when saving with BSP.
To open a term deposit, interested individuals, families, businesses or a mataqali or Yavusa can simply visit a local BSP branch or call 132 888 for help.  -- BSP