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Fixed deposit account

A contractual account, where funds invested are available after the contract has matured. A client can place a fixed deposit for 1month, 2months, 3months, 6 months, 9 months and 12 months.

Features

  • Minimum opening and account balance of K1,000, 000.00
  • Client can top up with any amount
  • Client cannot withdraw otherwise contract termination will attract a penalty fee.

Benefits:

  • Funds can be pledged and used as collateral
  • No service fees charged

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