FIXED DEPOSIT
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.
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
