Fixed/Time Deposit

Customers may invest funds in a fixed/time deposit account to earn interest over a fixed term.

Fixed terms available are:

  • 30 days
  • 91 days
  • 365 days

Options available at the end of the fixed-term period are:

  • Rollover with interest

The initial investment, together with the interest earned, is rolled over for another term.

  • Rollover without interest

The initial investment without the interest earned is rolled over for another term. The interest earned is paid to the customer.

  • No Rollover

The initial investment and interest earned are paid back to the customer.

Features/Benefits

  • Low initial deposit
  • The interest rate on the account is tiered to reward accounts with high balances
  • No monthly account maintenance charges
  • Access to our suite of e-banking services
  • An account balance can be used as collateral for loans

The Ban can design the Fixed/Time Deposit to fit a depositor’s specifications.

For walk-in Depositors, the Bank requires a valid photo ID, a recent passport-sized photograph, and a duly completed KYC Form.

Requirement

  • Complete an Investment Form
  • Attach a passport-sized photograph
  • Provide a valid photo ID (Driver’s Licence, Biometric Passport, Voter ID or National ID card)
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