CBC presents one of the most attractive deposit options in US Dollars for domestic banking customers. The DOLLARSMART Plus Account offers competitive interest rates, with interest paid in US Dollars. The fixed deposit account features automatic renewal with cumulative interest. A loan facility of up to 90% of the account balance is available in Bangladeshi Taka (BDT).Deposit terms: 3, 6, or 12 months.

The Essentials

• This is a foreign currency time deposit account under the Domestic Banking Unit.
• The minimum initial deposit requirement to open a Dollarsmart Plus account is USD 5,000.
• The deposit account can be opened for a period of 3, 6, or 12 months.
• Interest is calculated on a daily basis and credited at maturity.
• Deposit can be renewed or rolled over with or without interest, as desired.
• Free internet banking facility is available for the first year when opened along with any other savings or current account. Regular charges apply from the second year onward.
• Prevailing rules and regulations for foreign currency deposit accounts apply to the Dollarsmart Plus Fixed Deposit account.
• Dollarsmart Plus is subject to applicable government excise duty, tax, and VAT.

Deposit amount, period and Rate

Eligibility

The Dollarsmart Plus account can be opened by:

• Bangladeshi nationals residing abroad.
• Resident Bangladeshis with unutilized foreign currency brought at the time of return from abroad against their travel quota.
• Foreign nationals residing abroad or in Bangladesh, including:
  • Foreign nationals employed in branch or liaison offices of foreign companies operating in Bangladesh
  • Employees in EPZ/EZ companies
  • Foreign missions or their expatriate employees (minimum deposit: USD 25,000)
• Export-oriented companies entitled to maintain foreign currency retention deposits.
• NGOs and other organizations permitted by Bangladesh Bank to maintain foreign currency accounts.
• Foreign companies or firms registered abroad (minimum deposit: USD 25,000).