Fixed Deposit Account
It is an investment account with a specific amount invested at an agreed interest rate and tenor. Based on customer's instructions, at the end of agreed period (tenor), the investment can either be rolled over (re-invested) or liquidated (returned to customer) with the interest amount earned.
- Investment period (tenor) is a minimum of 30 days and a maximum of 360 days.
- Minimum opening balance of N100, 000
- Amount can be terminated before maturity but accrued interest will be forfeited.
- Amount can be terminated at customer's discretion
- Attractive interest rate