Fixed Deposit Account

Overview

An investment account which gives opportunities to invest in fixed term (Amount, Interest rate, & Duration) – The tenures are 3, 6, 12 and 24 months

APPLY NOW

  1. Operated Currency – CDF | USD | EURO | GBP
  2. Minimum Opening Balance LCY : 1 million  FCY : 5000/-
  3. Banded Interest rate applied (Please refer Pricing Sheet shared for Interest rate)
  4. Interest is paid at maturity
  5. Tenure ranges from 1 Months to 24 Months (i.e., 3M. 6M, 12M or 24M)
  6. Prematurity withdrawals / Uplifting attracts penalty (i.e., only 50% of the earned interest will be paid)

  1. It is risk-free investment (Guarantee on return)
  2. A customer knows in advance the interest he/she will earn depending on offered rates.
  3. Flexible investment period of either 3 or 6 or 12 or 24 months which enable a customer to choose a suitable investment plan
  4. Easy to access an overdraft facility in case of need, as Deposit Receipt can be used as a lien/collateral.
  5. Renewable investment enables customers to maximize his/her interest earning

  1. Customer must be 18 years and above | Own a CRDB Account
  2. Must have an account with CRDB

Note:

  1. Account currencies must be configurable, meaning banks should be able to add or remove currency any time.
  2. The product is applicable to non-individual customers as well.

You might also be interested in