Term Deposits

These are interest bearing deposit accounts on which interest payment may or may not be subjected to maturity periods

These are interest bearing deposit accounts on which interest payment may or may not be subjected to maturity periods.

There are two types of term deposits.

Funds are placed/ deposited with definite maturity date. Client gives notice before withdrawing the deposits and doesn't forfeit the interest. On receipt of the instruction, interest is calculated and paid out, less 15% withholding tax.

Features and Benefits of Call Deposits

  • Funds are placed/ deposited without a definite maturity date
  • A notice of at least two days is required before withdrawing the deposit
  • On receipt of the instruction, interest is calculated and paid out less 25% withholding tax
  • Competitive interest rates
  • Full interest is paid if withdrawal is preceded by a 2 day notice
  • Account provides the motivation for you to save
Apply for Term Deposits Now!