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Fixed Deposit

A Fixed Deposit account allows you to invest a lump sum over a short period at a fixed interest rate. The account allows you to grow your money without attracting any bank charges.

What does it offer me

  • Competitive interest rates
  • Your account can be pledged as security for a loan
  • You can choose a maturity date
  • You  can choose to either withdraw your funds or roll the account over at maturity
  • You can choose to have your Interest  paid  into another account
  • You need to keep a  minimum of K1 million in your account
  • There is no maximum balance
  • You do not have to open a transactional account to have a Fixed Deposit.

What do I need to apply

  • Both Stanbic and Non-Stanbic business clients can apply for a Fixed Deposit.

Visit your nearest branch with the following documents:

  • Valid identity documents of the directors -. passport or driver’s licence
  • Certificate of Incorporation
  • Board resolution
  • List of shareholders and directors
  • Certificate of Registration
  • Articles of Association
  • 2 passport-size photos of directors
  • Reference letters from two existing Stanbic account holders who have held their accounts with us for more than one year.

 


 
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