Fixed Deposit Account

The Fixed Deposit Account is made for the individual or corporate customer who is looking to earn interest on money invested over a period of time.  With a minimum opening balance of N100,000, this account allows you to determine tenor of investment at an agreed interest rate.

Discover more about the First Deposit Account below:

Features

  • 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.

 

Benefits

  • Amount can be terminated at customer’s discretion
  • Attractive interest rate

To open a Fixed Deposit Account,

  • Download the Fixed Deposit Account Opening Form
  • Complete the form and submit at the nearest FirstBank branch

1) What is the tenor for fixed deposit?

  • It varies between 30 days and 360 days.

2) Can the investment be rolled –over?

  • Yes, based on an instruction from the customer

3) Can the investment be terminated before maturity?

  • Yes, investment can be terminated before maturity; however a portion of accrued interest will be forfeited. 

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