FIXED DEPOSIT ACCOUNT

A contract where a member agrees to have his or her money held for a period of time upon which interest is paid.

Features and Benefits

  • Minimum opening and operating balance of kes 5000
  • Period between 1- 12 months
  • Flexible receipt of interest
  • Competitive interest rates
  • Interest forfeiture if contract is broken before maturity of agreed period

Requirements

  • Applicant to fill fixed deposit forms
  • Non- member to open an account first then proceed to open.