PRODUCTS

Fixed Deposit

This is a high interest bearing account in which the deposit is held for a specific period of time at a fixed rate of interest.

Features

  • Funds fixed in account for term periods of 1 month, 2, 3, 6, 9 or 12 months or on call.
  • Attractive interest rates (Interest calculated monthly and paid only on matured deposits).
  • Confirmation of deposit receipts given on placements and on maturity of deposit.
  • Mandatory written instructions to withdraw or increase deposit.
  • Account holder may secure loans and overdrafts using the deposit.
  • Facilitation of joint account operation.

Requirements

  • Proper documentary identification (National ID card or Passport).
  • Business Certificate of Registration.
  • Minutes of meeting to open bank account signed by Chairman and Secretary for Institutional accounts.
  • Certificate of Incorporation, Memorandum and Articles of Association for Limited Companies.
  • Minimum account opening balance of Kshs. 50,000.

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