Fixed Deposit Savings Account

Fixed Deposit Savings Account: A fixed deposit savings account involves depositing an amount for a specific period within the institution. Members can save for periods ranging from 3 months to 3 years.

Features:

  • Members can save an amount for a fixed period.
  • The account will remain active for the duration of the fixed deposit.
  • A certificate of deposit will be issued after the amount is deposited.
  • Interest rates vary according to the deposit period.

Current Interest Rates:

  • 3-month fixed deposit: 7%
  • 6-month fixed deposit: 7.25%
  • 9-month fixed deposit: 7.5%
  • 1-year fixed deposit: 8%
  • 2-year fixed deposit: 9%
  • 3-year fixed deposit: 10%

Required Documents:

  • 2 passport-size photos of the account holder
  • 1 photocopy of the account holder's citizenship certificate