Time Deposit
The Time Deposit Account (TDA) is a deposit account in which funds are locked for a specified period and remunerated at rates fixed in advance.
Advantages
- Security: Capital guaranteed at any time
- Transparency: A known remuneration at the subscription and guaranteed for the duration of the placement
- Flexibility: Choice of the duration and amount of the placement
- Profitability: Highly attractive yield, attractive rate
Characteristics
Companies, Turnover <= 1 Billion XOF
| Rate | 12 months | 18 to 24 months | 30 months and more |
|---|---|---|---|
| (10 + n) million - 30 million | 3.50% | 3.75% | 4.00% |
| (30 + n) million - 100 million | 3.75% | 4.25% | 4.50% |
| (100 + n) million - 200 million | 4.00% | 4.50% | 5.00% |
| (200 + n) million - 350 million | 4.25% | 4.75% | 5.25% |
| (350 + n) million - 500 million | 4.50% | 5.00% | 5.50% |
| Over 500 million | Consult the Treasury | ||
Company, Turnover > 1 Billion XOF
- Lock-in period: Minimum 3 months
- The minimum deposit is 10,000,000 XOF
- The remuneration rate (3.5% before tax or higher to be negotiated) is determined based on the lock-in period and the amount of locked funds
| 3 to 6 months | 6 months 1 day to 12 months | 12 months 1 day to 24 months | 24 months 1 day and more | |
|---|---|---|---|---|
| < or = 50 million | 3.50% | 3.60% | 3.75% | 4.00% |
| (50+n) million – 100 million | 3.60% | 3.70% | 3.85% | 4.15% |
| (100+n) million – 250 million | 3.75% | 3.85% | 4.00% | 4.25% |
| (250+n) million – 500 million | 4.00% | 4.15% | 4.25% | 4.75% |
| (500+n) million – 1 billion | 4.25% | 4.35% | 4.50% | 5.00% |
| More than 1 billion | To be negotiated with the Treasury | |||
Early withdrawal penalty: 1%.