A fixed term deposit (FTD) is a deposit of money made along a fixed term, which is represented by certificates of FTD. The legal owner of a FTD legitimizes his rights with the presentation of this certificate.

The terms that a client can choose vary from 3 months to 36 months and an interest rate of up to 13% can be negotiated.

The minimum amount to open a FTD is HNL 500.

Individuals

  • Must be over 18 and legally able to assume rights.
  • Minors may open accounts if accompanied by a legal adult.
  • Identification documents of the holder and of the other people legally authorized to sign on the account (original and copy).
  • Hondurans: must present original identification card issued by the Registro Nacional de las Personas.
  • Foreign Residents: must present valid residence card issued by the Dirección General de Migración y Extranjería y Pasaporte.
  • Foreign non-residents: must present passport and proof of employment.
  • Must provide two personal, bank, or commercial references.

Businesses

  • Identification of the legal representative of the business and of the people authorized to sign on the account: the same reqirements as individuals.
  • Public Deed or Statutes, in which the purposes and goals of the current Legal Entity and power management are stated.
  • Copy of RTN (National Tax Registration).
  • Two bank or commercial (or personal if the first two are not applicable) references for the business and its legal representative (not required for established FINCA’s costumers).
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