This account is ideal for all kinds of investors who want to build their investments or grow funds.
Qualification Criteria
- Minimum Opening balance M1000.00
- Money can be deposited into this account on daily basis or monthly basis as you like(M100.00 Minimum)
- The investment is for the fixed period at a fixed rate of interest
- The investment maybe withdrawn on maturity date
- If no instructions are received from the clients within 2 weeks ,the funds may be reinvested for the same period at a prevailing interest rate
- If you withdraw the investment before the maturity date you forfeit interest and penalty is charged.
Interest rate
- Interest accumulates on daily balances and paid at the maturity of the investment.
- Interest rate range from 2% to 5% depending on the amount invested ,the higher the balance ,the higher the rate
- The longer the period of investment ,the higher the rate.
Costs
All transactions on this account are conducted free of charge