Fix Deposit Savings Account
The Fixed Deposit account offers investment opportunity with a sizeable amount of money with a predetermined interest rate for a specific period of time. At the end of the period/tenor and on your instruction, the amount can either be reinvested or returned to you. While your FD will attract a preferential interest rate payable at the expiry of the tenor, it also opens doors of opportunities to plan for future investments as well as create access to loan facilities for such investments.
KEY FEATURES INCLUDE:
- Interest payable: 10% payable at the expiry of the tenor.
- Tenor: Between 90 days minimum and 12 months maximum
- Account Opening Fee: GMD 0
- Minimum Operation Balance: GMD 100
- Savings Frequency: Fixed on the tenor
- Withdrawal Frequency: At the expiry of tenor
BENEFITS
- Quick account opening process
- Unmatched interest rate
- Offers Access to different loan facilities
Requirements
- National Identity Card/Passport/Voter registration Card.
- Tax Identification Number (TIN)
- Passport size photo