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USD SuperSaver Terms and Conditions 

 

1. A customer (“Customer”) must open a new US Dollar SuperSaver account (“Account”) with an initial deposit of at least USD5,000. A Customer is eligible to open only one (1) Account. 

2. The Account will earn a Base Interest plus Bonus Interest based on the rates here.  

3. The Base Interest earned by qualified Accounts will be credited at the end of each calendar month, while the Bonus Interest will be credited one (1) banking day after month-end. Interest earned will be subjected to a 15% withholding tax. Accounts that fall below USD5,000 ADB are not eligible to earn any interest.  

4. If the Account is closed before crediting of interest, any interest earned on the Account shall be forfeited. EW will not pay the accrued interest whether in full, in part or pro-rated. 

5. US Dollar SuperSaver features, requirements, fees and charges are as follows: 

Initial Deposit Requirement  USD5,000 
Required Monthly ADB USD5,000 
Minimum Monthly ADB to Earn Interest  USD5,000 
Documentation Passbook 
Fund Access  Over the Counter (OTC) 
OTC Deposit and Withdrawal Waived 
Withholding Tax on Interest 15%  
Fee for Falling Below Required Monthly ADB for 2 consecutive months  USD10 

Early Closure Fee  

(if Account is closed within 30 days from account opening date)  

USD10 

6. All Account openings are subject to EW’s existing policies and procedures.