Products Deposits > Fixed Deposits >
FIXED DEPOSITS
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. It is available to both individuals and business Customers.
Features & Benefits:
- Funds fixed in account for term periods of 1 month, 2, 3, 6 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