FIXED DEPOSIT

Our 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.

Features

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

To open a fixed deposit account, simply visit any Branch of DavoDani Microfinance Bank Lagos or sign up online. You’ll need to provide some basic information, such as your name, address, and relevant information.