FIXED DEPOSIT ACCOUNT

DEFINITION

This account allows fixed sums of money to be invested for specific periods of time of 30 days, 91 days, 182 days and 360 days at graduated applicable interest rates.

TARGET

•Any individual who is 18 years and above with idle funds for a period
•Sole proprietors
•Companies
•Associations / Societies / Clubs

FEATURES

Allows specific amounts to be invested for specific periods with specific rates at the time of investments

 Minimum amount for Fixed Deposit is  GHS500

BENEFITS

•Customer is able to determine which time frame is most suitable for his investment
•With attractive applicable rates it ensures that profit earning potential of the investment is maximized
•Funds can be used as cash collateral to access loan whiles still earning interest
•Business entities have means to build up funds towards business expansion. refurbishments  and Capital asset acquisitions.