Please review our FAQs to learn more about the Butterfield 6-Month Fixed Rate Bond.

 

Q. Who can open a 6-Month Fixed Rate Bond?
A. A Bond may be opened by a corporate, trust or personal name.

 

Q. Is there a minimum amount required to open a 6-Month Fixed Rate Bond?
A. Yes, a minimum investment of US$ 10,000 or KY$ 10,000 is required.

 

Q. When is the maturity date?
A. The maturity date of your Bond will be 1 June 2010.

 

Q. When would my 6-Month Fixed Rate Bond commence?
A. Your 6-Month Fixed Rate Bond will commence upon receipt of your application and having cleared funds on your account. Instructions for lodgement of cleared amounts must be received by 12:00 p.m. on the day of the transaction to ensure that same day value is received by you. If we receive the funds or instructions after 12:00 p.m., your Bond will commence on the next business day.

 

Q. What rate of interest will I receive?
A. 0.75% for the duration of the deposit.

 

Q. Can I make additional lodgements?
A. No, additional lodgements are not permitted. Another Bond may be opened, subject to the same terms and conditions.

 

Q. Can I make withdrawals?
A. No, withdrawals cannot be made until the maturity date.

 

Q. What happens on the maturity date?
A. Your capital and interest will be paid into a nominated account held with Butterfield, such as another savings account or current account.

 

Q. Will I receive confirmation of my Bond?
A. Yes, a confirmation will be issued after receipt of your cleared funds and commencement of your Bond.

 

Q. Can I receive monthly income?
A. No, monthly income is not available.

 

Q. Can I transfer the Bond?
A. No, the Bond is non-transferable.

 

*Butterfield reserves the right to withdraw offer at any time or if fully subscribed.