Fixed Interest Term Deposit
What are Fixed interests Term Deposits?
Fixed interests Term Deposits can also be referred to as interest bearing deposits. These interest bearing deposits have terms more than 90 days and are placed only with RBV licensed financial Institutions at a fixed interest rate.
We currently have Fixed interest Deposit with the Reserve Bank of Vanuatu, which is commonly referred to as Government bonds, and also with the Commercial Banks and Financial Institutions operating locally.
We buy Government Bonds through the normal Open Market Operations of the RBV and select Commercial Banks through a selective Tender. Fixed Income has been the strength of the investment portfolio.