The Fixed deposit account is a withdrawable deposit account where depositors can place short term deposits for specified periods of time usually up to twelve months. The account targets members with large sums of money that they have put aside for investment and they are fairly certain of the period that they can commit the funds.
Features
- Start with as little as Kshs. 5,000
- No maximum limit on deposits
- No monthly deposits required
- Earns attractive interest rates from 8%
- Can be used as collateral to secure loans.