Investment

Fixed Deposit

Growing your money steadily by offering a market-competitive growth potential with guaranteed results

This account grows your money steadily by offering a market-competitive growth potential with guaranteed returns. Certain levels of deposits in this account allow you access to loans and overdrafts equivalent to an agreed percentage of the balance in the account. Depending on the terms, interest earned can be credited to your current or savings account upon maturity or rolled over to tenure periods of 3, 6, 9 or 12 months.

Features

Returns based on the agreed period
Digital and mobile access for account management
Can be opened in SSP or USD
No withdrawals within the agreed fixed period
Can be operated on a quarterly, half-year, or annual basis with automatic roll-over if a client does not wish to withdraw
Gained interest is deposited in either the fixed deposit account or withdrawn by the client
Access to micro-loans against the average balance maintained and within the period that the money is held