Fixed deposit

A fixed deposit is an investment account where money is deposited for a fixed period at a fixed interest rate. A fixed deposit offers interest rates higher than ordinary savings accounts and is ideal if you want to save for a specific goal. You choose how long you want to invest – from six months to one year.

What does it offer me?

  • You can choose when you would like your investment to mature
  • The interest rate is fixed for the full investment period
  • No transactions are allowed
  • Interest is normally paid at maturity.

 

What do I need to apply?

  • Be over the age of 18
  • Minimum account opening deposit of M1 000.00.

Visit your nearest branch with valid Identity Document to fill in an application form.


 
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