For those looking to have money for Christmas or a special birthday, a Efficient Plan account from Smocani Ventures Limited is the best choice to meet that goal. Our clients can choose the maturity date of their savings account, allowing them to determine when their deposit and its accrued interest are available.
Our Efficient Plan accounts require a minimum deposit of $10,000 and require a term of at least 6 months. This is our most flexible account, allowing clients to withdraw their savings before the maturity date without interrupting their deposit fund interest accrual, and allowing funds in three currencies: The United States Dollar (USD), The Euro (EUR), and the Pound Sterling (GBP).
Procedure:
Our Efficient Plan accounts allow clients to save their money for a set amount of time chosen by them. This means clients can withdraw their money at any time, all of the way up to 25% of their initial deposit without terminating the financial agreement signed when the account is opened, which means that no interest accrued is lost. Clients can also return the withdrawn amounts before the end of the term so that they can earn the maximum interest available on the deposited funds.
The minimum balance to open a Efficient Plan account is $10,000 - or an equal amount of another accepted currency - and the minimum term is 6 months, but clients can choose a term all of the way to 36 months if they desire.
We do recommend monthly or intermittent deposits into a Efficient Plan account as long as the total amount is less than any withdrawals out of the account. Clients can also have a joint owner or account beneficiary to the account without any notary services. An early withdrawal from the account will not affect the remaining balance, which continues earning interest at the agreed upon rate, allowing our Efficient Plan accounts to be the best financial vehicle for clients to handle any cash emergencies they have during the Efficient Plan term.
Clients with Efficient Plan accounts can claim all of their deposited funds as well as the earned interest on the maturity date chosen when the account was opened, and can choose to either cash out the funds or reinvest them in any of our financial products.
Calculation
Smocani Ventures Limited calculates the account's interest rate beginning the day the account is opened, or at the time the opening deposit is made. The interest earned is figured on the cleared portion of the account balance and is added to the account daily (daily interest accrual). For example, a client who opens an account with $10,000 gets the daily interest rate of 0.02%. At the close of that first day, that day's interest is added to the deposit balance, and the client begins day two with $10,002, which begins to accrue interest. At the end of the client's first 30 days, the account balance is $10,060.
Calculate Your Earnings
Currency
How much do you plan to deposit?
10000 USD
Select your CD Term
6 months
Current APY*
8.395%
Interest Earned
0.00 USD
Rates
Smocani Ventures Limited determines the interest rates applied to our Efficient Plan accounts based on the amount deposited, the currency of that deposit, and the deposit term. Only Efficient Plan accounts that have terms longer than 6 months can benefit from the annual account benefits we provide.
Below is a sample interest payment schedule; please note that all interest rates are on a per day basis.
For clients who need freedom of term length, our Efficient Plan accounts are the wisest choice. Clients can still withdraw their money or augment their deposit amount with additional deposits, which will result in more interest earnings. Clients can also ask that their interest earnings be credited to the account on a daily or monthly basis, a feature seen only in our Efficient Plan accounts. Smocani Ventures Limited is the only institution that offers its clients such a wide variety of term choices to suit their financial needs best.
Another benefit with our Efficient Plan account is that clients can withdraw their money without any penalties at the deposit's maturity date. Minimum transaction and service maintenance fees may be applied and debited from the account, and the specific details of all fees and account benefits are discussed at the time the account is opened.
Interest rates do fluctuate, and if there are any fluctuations in client's interest rates we do inform our clients of such fluctuations. All services are recorded to the account and clients can access this information at any time. When the account is closed at its maturity date, clients can either choose to rollover their funds into another account here with us at Smocani Ventures Limited, or they may cash out their deposit and interest at that time. Our Efficient Plan accounts are available to clients over 18 years of age; for those under 18 interested in opening a Efficient Plan account, a parent and/or guardian is required to open the account on their behalf.
We provide our clients with a wide variety of quality financial services, and the relationship we have with our customers is our first priority. For more information regarding opening an account, please contact us at info@worldbestmutuals.com
