Cavmont Bank offers the following Treasury Products:
Term Deposit: We offer term deposit accounts for customers wishing to invest for a fixed period. We offer 30 days, 60 days, 90 days, 180 days. 270 days and 365 days deposits. These accounts offer very competitive rates and offer the customer a good return for their funds. Term deposits beyond 1 year can also be negotiated.
A Deposit account held for a fixed-term with the understanding that the depositor can only withdraw by giving written notice.
This is a form of short-term borrowing for the bank from the client while collateralizing the borrowing with government securities in whole or in part depending on the agreement. This is ideal for investment clients who would want to maintain a substantial amount in fixed deposit with the bank and have some form of security.
The Treasury department offers to customers foreign exchange transactions. All major convertible currencies are traded.