Clarien: Preferred Union Members CD Rates

Clarien Bank recently confirmed engagement in significant dialogue with representatives of the People’s Movement and its “commitment to continue to provide a broad range of high quality products & services to members of the community.”

Further to that discussion, Clarien said they are “offering Union members a premium increase of 1/8 of 1 percent [0.125%] interest over and above published interest rates on all term products not including promotional products of 1- month or higher, subject to other standard terms and conditions.

“Union members must produce valid union membership documentation to take advantage of this exclusive offer, which begins 30 June 2014. Interested parties should contact their Clarien Relationship Manager or visit either Clarien Bank branch in Hamilton or Paget for account opening and terms.”

Ian Truran, Co-Chief Executive Officer for Clarien Bank Limited stated, “We are pleased to able to work with the People’s Movement to demonstrate our continued commitment to Bermuda and the recognized trade unions of Bermuda.

“Clarien Bank remains committed to Bermuda and financial success of all who live and work here. We thank the People’s Movement for the highly informative discussion and look forward to continuing a positive working relationship with the organization.”

The Terms & Conditions, as available on Clarien’s website, are as follows:

This promotion is applicable to Bermuda Union members only including the Bermuda Union of Teachers, Bermuda Public Service Union, Bermuda Industrial Union, Bermuda Public Services Union and Bermuda Trade Union Congress with presentation at time of opening of valid union member identification in addition to standard Clarien Bank Limited account opening requirements.

Offer available in BMD and USD for fixed term deposits of 1-month or more. A minimum deposit of either USD or BMD $1,000 is required to be eligible for this Offer. Offer does not apply to 6-Month, 1-year, 2-Year, 30-Month and 4-Year Protect Your Rate promotional term deposits, Accumulators or the 5-year saver product.

Interest is accrued and compounded daily until its payout period. Interest can be transferred out monthly, quarterly, bi-annually, annually or at maturity. This is a limited time offer. Clarien Bank Limited retains the right to terminate the Offer at any time. CD offer will automatically roll into similar term at prevailing market rates at the time of the maturity date unless otherwise instructed by the client. Rates are subject to change without notice. Early termination penalties apply.

This Offer is subject to the Clarien Bank Limited General Terms and Conditions which may be found on our website www.clarienbank.com. Clarien Bank Limited through its wholly owned subsidiary companies is licensed to conduct banking, trust and investment business by the Bermuda Monetary Authority.

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