Brac Bank introduces Golden Fixed Deposit for senior citizens
The bank launched the Golden Fixed Deposit on 22 October 2020 on the occasion of International Day for Older Persons
Brac Bank has introduced a new Fixed Deposit (FD) product – Golden Fixed Deposit – designed exclusively to serve the valued clients aged 60 years and above.
Brac Bank Golden Fixed Deposit requires a minimum of Tk1 lakh to open an FD. It comes with attractive interest rates depending on deposits between Tk1 lakh to Tk3 crore and above, with a tenure of 30 days to three years, reads a press release.
The bank launched the Golden Fixed Deposit on 22 October 2020, on the occasion of International Day for Older Persons that is observed on 1 October each year.
"We are offering greater interest rates through Brac Bank Golden Fixed Deposit, even in the declining interest-rate regime as our tribute to our senior citizens. We believe the Golden Fixed Deposit will help them to create a good pension fund on their long-term deposit and enhance their benefits," said Mahiul Islam, Head of Retail Banking at Brac Bank.
Brac Bank also offers an array of saving scheme for senior citizens.