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FirstPremium Term Deposit
FirstPremium Term Deposit is made for the investor who requires more value for his money. It offers higher interest rates than the conventional term deposit and has fixed tenures of either 6 months or one year.
Account Information
Description
Features
Documents Required
Who can Apply?
How to Apply
Description
FirstPremium Term Deposit is made for the investor who requires more value for his money. It offers higher interest rates than the conventional term deposit and has fixed tenures of either 6 months or one year.
Features
- Year Tenured Variant
- Attractive interest rates
- Amount can be terminated before maturity but accrued interest will be forfeited
- Month Tenured Variant
- Interest payment is to be earned backend
- Very high yield.
Documents Required
- Filled Fixed Term Deposit Form
- One passport photograph
- Customer Investment advice.
Who can Apply?
- High Net worth Individuals (HNIs)
- Individuals and Corporate organisations can apply for this loan.
How to Apply
To open a FirstPremium Deposit account
- Download the Fixed Term Deposit Form
- Complete the form and submit at the nearest FirstBank branch
FAQs
The minimum tenor is six (6) months and the maximum tenor is one year, subject to rollover.
Interest can only be earned after 6 months, either as terminal interest for the 6-month variant or as semi-annual interest for the 1 year option.
Yes, it can be liquidated at any time; however, the special interest offer is forfeited, and the interest reverts to the Bank’s premium savings interest rate (presently 2% p.a.).
