Breakage Penalty (after six months)
Certificate Type
1st Year
(after six months)
During the
2nd Year
During the
3rd Year
3 Years Golden Variable Interest
Saving Certificate
3%
2%
1%
Type
Tenor
Customer rate
Rate calculation
3 Years Golden Variable
Interest Saving Certificate
Monthly
0.75% less than CBE bid
corridor rate = 20.25 %
Interest is accrued daily and paid at the end of
the tenor and the principal is paid on maturity date
3 Years Golden Variable
Interest Saving Certificate
Quarterly
0.25% less than CBE bid corridor
rate = 20.75 %
Interest is accrued daily and paid at the end
of the tenor and the principal is paid on maturity date
3 Years Golden Variable
Interest Saving Certificate
Annually
0.75% above CBE bid corridor
rate = 21.75 %
Interest is accrued daily and paid at the end
of the tenor and the principal is paid on maturity date