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
- Minimum amount to fix is Kshs. 50,000
- No monthly deposits
- No maximum limit
- Earns attractive annual returns
- Refundable with interest upon maturity
- Minimum Interest crediting period is 3 months
- Open to re-investment once matured