Overview
This product is designed for customers to invest in a fixed amount for a specific period. So do not just let your money sit in an account for a very long time. Invest and let your money work for you. You can invest in Fixed Deposit Investment by choosing 30 days to a year.
Advantages of this Investment
- Higher Interest Rates – Interest rates on fixed deposits are higher compared to savings accounts. Investors can maximize their money at minimal risk. The compound interest method is used to determine FD interest rates, which enables depositors to get larger returns when the FD matures.
- Flexible Deposit Tenure – Fixed Deposits offer a wide choice of investment terms, from as little as 7 days to as long as 10 years. You can choose for short-term FDs if you have short-term ambitions like buying a car or vacationing. However, staying invested for the long-term can help you garner bigger gains at the time of FD maturity – again, thanks to the power of compounding.
- Minimal-Risk Investment – Fixed Deposit carries minimum risk, making it ideal for investors who are looking for stable income while enjoying growth.
- Convenient Access to Funds –You can have access to your funds before the maturity date, ending it early, however, this will attract some fees.
Features:
- Minimum Deposit of GHS1,000.00
- Fixed Investment Period of One Month and Above
- Varying Interest rates for the amount and Period Placed
- Termination Allowed
- Rollover Option
How to get it
- You must make a minimum investment of at least GHS500.00
- One must be above 18 years.
- Visit your nearest branch with the following documents:
- Nationally accepted identification (ECOWASIdentity Card or Ghana Card)
- Two passport-size photographs
- Proof of address – utility bill less than three months old
- You don’t need to provide us with the above documents if you hold an account with us