Term Deposits
Lock your money for 1, 3, 6 or 12 months at a fixed rate.
Savings accounts
Retire comfortably, with a little extra every month.
Golden Years pays customers aged 60 and over a 1.00% bonus on top of our 3.25% base rate, credited every month to top up your pension.
Applications are not possible: this is a fictional test website.
Key benefits
4.25% p.a. interest
Our 3.25% base rate plus a 1.00% loyalty bonus for customers aged 60+.
Paid every month
Interest arrives monthly, like a small second pension.
Priority service
No queue at the counter, a dedicated seating area and large-print statements.
Help at home
A branch officer can visit you at home to sign paperwork if you cannot travel.
Who it's for
For customers enjoying, or approaching, retirement.
- Retirees receiving a monthly pension
- Customers aged 60+ with end-of-service savings
- Adult children helping parents organise their money
- Widows and widowers managing household finances alone
Features
- Interest 4.25% p.a. calculated daily, paid monthly
- Pension can be credited directly
- Priority counter at every branch
- Large-print and audio statements on request
- Trusted-person access (view only) for a family member
- Home visit service for paperwork
Rates and figures
| Component | Rate |
|---|---|
| Base rate | 3.25% p.a. |
| Golden Years bonus | 1.00% p.a. |
| Total | 4.25% p.a., paid monthly |
Variable rate. Fictional figures for software testing.
Fees and charges
| Monthly maintenance | Free |
|---|---|
| Cheque book | Free |
| Home visit | Free (twice a year) |
| Account closure within 6 months | JOD 5 |
Eligibility
- Aged 60 or over
- Valid national ID or residence permit
- Minimum opening balance JOD 250
Documents you need
- National ID or passport with residence permit
- Pension letter (optional, for direct pension credit)
How to apply
- Visit any branch, or ask for a home visit
- Bring your ID and pension letter
- Deposit JOD 250 or more
- Receive interest at the end of each month
Frequently asked questions
Can my son or daughter manage the account for me?
They can have view-only access. To act for you, a legal power of attorney is needed.
When is interest paid?
On the last working day of each month.
Is the bonus guaranteed forever?
The bonus is reviewed once a year. We give 30 days' notice of any change.
Can I also put money in a term deposit?
Yes. Many customers keep monthly spending money here and longer savings in a term deposit.
Do I need to use the app?
No. Everything can be done at a branch or by a home visit.
Related products
Insurance and bancassurance
Simple life, home, travel and credit protection cover arranged through the bank.
Private Banking
A dedicated relationship manager for balances from JOD 250,000.
Lanternvale Bank is fictional. Figures are examples for software testing. Products would be subject to local banking regulation.