Fixed Deposit Account

Specifications

Fixed Deposit – Grow Your Wealth Securely with Fixed Returns & Big Rewards!

Looking for a safe and rewarding way to grow your savings? The Fixed Deposit Account offers guaranteed returns with a competitive 6% annual interest rate, ensuring your money works for you.

With a minimum deposit of Ksh. 50,000, you can lock in your savings for as little as 3 months, with no maximum period, giving you flexibility based on your financial goals. Interest rates are negotiable for larger deposits or longer durations, maximizing your earnings.

Withdrawals before maturity attract a 2% penalty, but the interest earned will still be paid. Interest is calculated on a prorata basis, ensuring fair returns.

Summary

1. Minimum deposit – kshs.50,000/=
2. Minimum period 3 months and no maximum period.
3. Interest rate is 6% per annum.
4. Interest is negotiable depending on the amount and duration
5. Withdrawal before maturity attracts 2% penalty and interest earned will still be paid.
6. Interest is calculated on a prorata basis