Centurion International Bank offers excellent interest rates.

Time Deposit Terms and Conditions:

A time deposit is a facility where funds may be placed on deposit for a fixed period of time at a fixed rate of interest (please refer to the rate schedule above).

An account is opened upon receipt of a completed application, including the selection of the account type and time period desired (if applicable), and the funds of the initial deposit. The account will be opened on the date received if funds are received as a bank check (cashiers check), money order, or wire transfer. Personal checks may be used to open the account, however, the effective date of the time deposit will be the date the check has been cleared.

The number of Time Deposits offered per month are limited. If the current month’s Time Deposits have been taken (see Time Deposit availability page), a depositor may wish to reserve a future time deposit. In order to reserve a future Time Deposit, a 10% security deposit of the total amount to be reserved is required, along with the date of the Time Deposit you are reserving. The balance of the Time Deposit is required to have cleared Centurion International Bank by the 15th of the previous month that the reservation is in. No interest will accrue on the security deposit until the remaining funds have arrived in the appropriate month. If the remainder of the funds have not cleared by the deadline, a 1% “loss of opportunity” fee will be applied and the remainder shall be returned to the depositor. For example: if a depositor desires to reserve a $10,000 Time Deposit for a future month, they must send in $1,000 with the appropriate paperwork. When Centurion International Bank receives that deposit, the specific month Time Deposit will be reserved for that depositor’s account. Centurion must receive the remaining $9,000 by the 15th of the month prior to the start date of the reserved Time Deposit. When Centurion receives the funds, the start date of the Time Deposit will be the same as the date the $9,000 cleared in our bank. If the remaining $9,000 does not clear by the appropriate date, then a $100 fee (1% x $10,000) will be applied to the account, and the remaining $900 ($1,000 - $100) will be returned to the depositor.

Interest rates quoted in the above tables are the annualized interest rates, which will be used to calculate and credit interest earned. Interest re-deposited will be compounded for the remainder of the Time Deposit.

About one month prior to the maturity of a Time Deposit, the Bank will send a letter to the client requesting disbursement instructions. The instructions must be returned to the Bank by mail, express service, or fax in order that we may validate the client’s signature. While phone or email may be satisfactory for general discussion and information purposes, disbursement instructions must be written and signed. If disbursement instructions are not received by the maturity date, the Time Deposit will automatically be renewed under the guidelines described for Extended Deposits found on the FAQ page.

There is no penalty for early withdrawal of Time Deposits. However, the interest rate will be adjusted to the appropriate rate of interest for the actual length of time that the Time Deposit was in affect. A 20 business day notice is required for all early withdrawals.

Bank minimum for opening a Time Deposit is $10,000. Deposits over $1,000,000 require prior notice.

Time Deposits will receive statements every 6 months. Unless you have an adjoining Current Account in which case you will receive a statement every quarter.

All deposits will be denominated in U.S. dollars.

Two methods exist for the disbursement of the accrued Time Deposit interest.

Have the interest credited to your Centurion International bank Current Account quarterly. (Must have established account).

Have the interest re-deposited into your Time Deposit account quarterly for compounded growth.

Current Account Terms and Conditions:

All deposits will be denominated in U.S. dollars.

Bank minimum for opening an account is $5,000.

Interest rate is determined by the minimum balance during the quarter period. Interest is credited to the Current Account at the end of the quarter.

If the $5,000 minimum balance is not maintained, a $10 fee shall be charged to the account monthly.

2 free withdrawals are allowed on the account per month. Each additional withdrawal will incur a $10 charge to the account. Withdrawals require 10 business days notice.

Current Accounts will receive statements quarterly.

General:

Upon receiving the application and funds, a receipt will be sent to the customer acknowledging the deposit and confirming the account type, time period (and interest rate) selected.

Accounts may be opened as individual, joint with survivorship, and corporate (organizational). Corporate account applications must include appropriate corporate resolutions authorizing withdrawal.

The Bank will not furnish any information about the account, including ownership, to any person or entity except the owner of the account as shown on the opening application. In the event of death of an account holder, the Executor (trix) should contact the Bank by mail or fax to determine the appropriate document required to establish proper authority. Funds withdrawn shall be sent by mail unless prior arrangements are made. Any transfer fees incurred by the bank, such as wire fees, will be subtracted from the withdrawal.