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Fixed Deposit Account
Rapid Fixed Deposit account allows customers to make a single deposit of idle funds for a prescribed term at a guaranteed rate of interest per annum. Customers will either decide to liquidate or rollover their funds at the end of the prescribed term.
Product Information
Features & Benefits:
Requirements:
Features & Benefits:
- Flexible investment periods of 91 days, 182 days, and 365 days
- Earn competitive interest rates up to 31% per annum.
- Option to renew the fixed deposit at the end of the term.
- Option to receive interest payments monthly, quarterly, or annually.
- No account maintenance or transaction fees
- Early liquidation attracts 20% penalty on accumulated interest.
Requirements:
- A valid national ID card (Ghana card)
- 1 passport-size photograph
- Proof of address such as utility bill, GPS Address etc.
- Minimum deposit of GH¢500 and maximum deposit of GH¢50,000
- Completed account opening forms.