Fixed Deposit AccountThe Fixed deposit account is 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 and Benefits
- Available to Sacco members
- Minimum interest earning balance of 20,000
- No monthly deposits
- No maximum limit
- Attractive interest rates
- Earns interest upon maturity
- Minimum fixe period 3 months
- Open for reinvestment upon maturity