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