Sustainability
Fixed Deposit Account
Short term investment Plan, ranging between 1 to 12 months
This is an investment account in which a customer deposits a specified amount of money for a certain/fixed period of time.
- The period ranges from 1 to 12 months.
- The customer is paid a competitive rate for the period the money is held in the account.
More Information
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The customer presents their copy of Fixed and Call Deposit Account Opening Form and fills a request to break the Fixed Deposit indicating the account number to be credited.
Payment of the principal sum and interest should be made by credit of the Current/Savings Account of the depositor.
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Yes customers are permitted to uplift Fixed Deposits before maturity interest is forfeited, unless otherwise sanctioned as per the approved Authority Limits.
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Yes they are allowed to borrow against their deposits. This is limited and is offered upon request and under the banks’ discretion.
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Yes. The bank offers FDR’s in KES,USD,GBP & ZAR
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Minimum amount for FDR is KES 50,000 or FCY equivalent.
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