Term Deposit

BENEFITS

• Reap the benefits from your FINCA Fixed Deposit Account through:
• Competitive interest rates for your deposit for the duration of the term
• Compared to other types of investments (e.g. stocks, property), term deposits are easy to set up
• You’re assured of returns for your investment
• Access to your funds upon maturity
• You can have the interest paid out straight to your bank account, or have the funds reinvested
• Can be used as security for loan facilities

ADDITIONAL FEATURES

• No fees incurred during the fixed period thereby a customer earns more interest
• A low minimal investment; as low as K250
• You have a range of terms to choose from: 3 month to 12 months investment plan

Fixed Term Deposit account is designed to suit the needs of individuals, entrepreneurs or companies who wish to accomplish a specific investment goal in a specific period and these include:

• Individuals and companies that wish to save money for a long period without withdrawing it
• Individuals and companies that wish to watch their money multiply as a result of high interest accruals

REQUIREMENTS

• Individuals must be 18 years and above
• Must have a form of identification such as NRC, passport, Driver’s License and work permit for foreigners… (Account opening requirements apply)
• Completed Application Form
• Proof of physical address