PRODUCTS

Fixed Deposit

This is a high interest bearing account in which the deposit is held for a specific period of time at a fixed rate of interest.

Features

  • Funds fixed in account for term periods of 1 month, 2, 3, 6, 9 or 12 months or on call.
  • Attractive interest rates (Interest calculated monthly and paid only on matured deposits).
  • Confirmation of deposit receipts given on placements and on maturity of deposit.
  • Mandatory written instructions to withdraw or increase deposit.
  • Account holder may secure loans and overdrafts using the deposit.
  • Facilitation of joint account operation.

Requirements: Personal Fixed Deposit Account.

  • Proper documentary identification (National ID card or Passport).
  • Minimum account opening balance of Kshs. 50,000.

Requirements: Business Fixed Deposit Account

  • Proper documentary identification (ID card or Passport) for signatories of account.
  • Business Certificate of Registration.
  • Minutes of meeting to open bank account signed by Chairman and Secretary for Institutional accounts.
  • Certificate of Incorporation, Memorandum and Articles of Association for Limited Companies.
  • Minimum account opening balance of Kshs. 50,000.

Features & Benefits

  • Free monthly e-statements.
  • Free Cheque Book.
  • Free inward EFTs
  • Free Internal Transfers.
  • No Ledger Fees.
  • Interest paying balance KShs.20,000/-.
  • For schools, Loans available for students who pay fees in instalments. MoU between the bank and the university/ College will be drawn separately to highlight obligations of each party.*
  • For schools, loan facilities available for staff of the school institution under MoU*
  • Dedicated Relationship Manager to handle all enquiries
  • Competitive interest rates available and will be reviewed and advised from time to time by the Head of treasury.

Requirements

  • Proper documentary identification (National Identity Card or passport)
  • One colored passport size photograph for each signatory. To be provided or taken at the branch
  • Introduction letter from an account holder / utility bills in the names of the directors/ statement for other bank account.
  • Business Certificate of Registration.
  • Resolution to open the account
  • Certificate of Incorporation, Memorandum and Articles of Association for Limited Companies
  • Opening balance of Kshs. 5,000

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