Prince Bank introduces the first ever term deposit upfront with the best interest rates and short-term deposit in Cambodia

[Phnom Penh, December 15, 2023] Prince Bank has launched a revolutionary Term Deposit campaign that offers customers their earned interest upfront. Normally, a customer collects their earned interest in a term deposit at the end of the tenure. And now, for the first time in Cambodia, a Term Deposit with Interest Paid Upfront is being offered with the most competitive rates for short-term deposits of up to nine months. What's unique about the Term Deposit Upfront product is that customers don't have to wait till the maturity date to earn their interest. They can instantly collect the interest earned right after they make a term deposit placement with Prince Bank.

Customers may have idle cash sitting around as they have the flexibility of having available funds for their personal or business use, and they don’t want these idle funds to be tied up in longer periods of time in term deposits. And idle cash has opportunity costs, normal deposit rates are not as exciting. Perhaps a short-term deposit will be ideal, but the rates are less than ideal. This is where the new innovative product from Prince Bank fills the need, understands that its customers have different financial needs, and has put in more effort to innovate savings and deposit services tailored to their needs and financial circumstances. Additionally, customers can enjoy the best rates and short-term deposits with three deposit options: 6.00% p.a. for 6 months tenure (the effective rate of 6.50%), 6.88% p.a. for 8 months tenure (the effective rate of 7.45%), or 6.99% p.a. for 9 months tenure (the effective rate of 7.57%). 

Prince Bank is committed to providing its customers with a safe and hassle-free banking experience. As a result, the Term Deposit Upfront product is designed to provide customers with peace of mind, knowing that their investments are in safe hands. 

Prince Bank's Term Deposit Upfront product is a game-changer in the banking industry in Cambodia. Whether you're a new or existing customer, this is the perfect opportunity to take advantage of Prince Bank's innovative deposit campaign and achieve your financial goals. 

Visit any nearest Prince Bank branch today to open your Term Deposit Upfront or contact 1800 20 8888 (Toll-free) to speak to our professional consultant.