Here’s what you need to know about UnionDigital Bank Time Deposit
UNIONDIGITAL BANK TIME DEPOSIT – This article will teach you about this product and how can you open a Time Deposit.
A new product that is available to UnionDigital Bank customers is a UnionDigital Bank Time Deposit. This product is ideal if you want to earn higher interest rates compared to your UnionDigital main bank account.
You can use this product to save up for short term or medium term goals. With this, your money must be kept in the account for the full duration of the term you selected when opening the time deposit in order to earn the maximum interest amount indicated.
You need to have an existing UnionDigital Main Bank Account in order to be able to open a UnionDigital Bank Time Deposit. But how to open a Time Deposit?
First, you need to go to the main dashboard of your app, choose “Add Product”, and select “UD Time Deposit”.
The next step is to input the amount you want to deposit and the period of time you want to keep your funds. After that, you need to click “Do It!” and the app will show you how much interest you will earn.
You need to review the Terms & Conditions and then select “Confirm”. Next, you need to enter your OTP in order to proceed to the next step.
After entering your OTP, you should see a processing screen with your full details and your pending Time Deposit should be visible on the main dashboard of your app. The last step is to wait for your Time Deposit to be activated.
Keep in mind that the Time Deposit is a separate product from your main bank account.
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