Fixed Deposit Account
Fixed Deposit Account
A Fixed Deposit Account can be a great way to save as it helps to remove the temptation to dig into your savings, all the while earning a higher rate of interest over a fixed term.
Benefits
- Deposit amount is fixed during the investment period
- Interest rate is fixed during the investment period
- Unbeatable interest rates of up to 14 % p.a.
- Funds are available on maturity
- No maximum investment amount
- You are informed of the interest payable at the time of opening your fixed deposit account
- No Ledger fee / monthly charges
- No charges for incoming transfers
- Interest calculated and paid on maturity.
- Dedicated bank officers to handle the customers inquiries.
- Convenient account opening process
Deposit accounts are suitable for:
- Customers holding funds pending asset purchase
- Schools collecting student fees just before the term begins
- Fund managers awaiting to make an investment
- Corporate dividends awaiting approval for payment
- Other similar temporary funds.
Requirements
- Original and copy of national ID.
- Duly completed application form.
- Minimum balance of Ksh50,000
