A fixed deposit account is an investment account in which a specific amount is invested for a specified period at an agreed interest rate with the bank.


  • Competitive interest rate
  • Minimum deposit amount of N50,000.00
  • Minimum tenor of 1 month
  • Withdrawal before maturity is subject to 20% penal charge on total accrued interest as at date of pre-mature withdrawal
  • Account can be used as collateral for loan