The fixed deposit account is aimed at investors wanting to invest a lump sum for fixed interest rate.

If no instruction are received from clients within 2 weeks after maturity, the investment maybe reinvested for the same period at a prevailing interest rate.

Qualification Criteria

  • Minimum opening balance M1000.00

Features

Investment period range from 6 months to 24 months .The are categorized as follows:

  1. 6 Months
  2. 12 Months
  3. 18 Months
  4. 24 Months

The funds may not be added or withdrawn before the maturity date .If you withdraw before the maturity date ,you forfeit interest and penalty will be charged as well.

                              Interest Rates

  • Interest rates are competitively tiered ,the higher the balance ,the higher the rate.
    • Costs
  • All transactions on this account are conducted free of charge.