Citizen Development Business Finance PLC announces a special promotion for 30 Months and 4 years Fixed Deposits to get a nominal interest rate along with Apple iPhone 6S Free.
Make a Fixed Deposits of Rs. 500,000/- for 4years at a 6.25% Interest rate (A.E.R. 5.74%) and get your Apple iPhone 6S Free. Normal 4 Years Fixed Deposit Interest rate would be 11.50% (A.E.R 9.92% ).
Or els make a Fixed Deposits of Rs. 750,000/- for 30 Months at a 5% Interest rate (A.E.R. 4.82%) and get your Apple iPhone 6S Free. Normal 36 Month Fixed Deposit Interest rate would be 11% (A.E.R 9.97% ).
If you really wanted to buy an Apple iPhone this may be good promotion, but as an investment opportunity this promotion will not work.
See below table for Normal Interest Rate from CDB
| Period | Monthly Interest | Maturity Interest | AER Monthly | AER Maturity |
| 1 Month | 7% | 7.23% | ||
| 3 Months | 7.00% | 7.50% | 7.23% | 7.71% |
| 6 Months | 8.50% | 9.00% | 8.84% | 9.20% |
| 12 Months | 9.00% | 10.00% | 9.38% | 10.00% |
| 18 Months | 9.50% | 10.50% | 9.92% | 10.25% |
| 24 Months | 9.50% | 10.75% | 9.92% | 10.23% |
| 36 Months | 9.50% | 11.00% | 9.92% | 9.97% |
| 48 Months | 9.75% | 11.50% | 10.20% | 9.92% |
| 60Months | 10.00% | 12.00% | 10.47% | 9.86% |
For more details see below image
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