Fixed Deposit Account

What is a Fixed Deposit account?

The Fixed Deposit Account is designed to help you save for a specific financial goal. Whether it’s saving for school fees or saving to take a well deserved holiday, the Fixed Deposit Account provides a forum for you to save a fixed amount for a fixed period of time while you earn interest on your funds.

Benefits:

1. You decide how much and how long you want to save
2. Enhanced interest rates that enable you to reach your goal faster
3. Minimum investment amount of K10,000.00
4. Zero maintenance charges - upfront of interest payment (under testing)

How to get it and what to expect

Applying for a Fixed Deposit account   

The following are the necessary requirements to apply:

• An existing Zanaco Current Account or Savings Account from which the installments will be made.

Features of Fixed Deposit account

• Minimum investment amount of K10,000
• Minimum period of 30 days/1 month and maximum period of 1 year
• No maintenance fees
• No withdrawals allowed until maturity of the account