This is a high interest-bearing account that is opened for a specific period of time at a fixed rate of interest.
- Competitive annual tiered interest rate of 10%- 13% in interest depending on the period:
- 6 months - 10% interest
- 9 months – 11% interest
- 12 months – 13% interest
- Interest calculated and paid on matured deposit.
- Confirmation of deposit receipts given on placement and on maturity of deposit.
- A good individual investment avenue for a specific period.
- Various term periods to suit members’ needs.
- Daily balances and mini statements available on request.
- Accrues interest that forms part of the savings balance.
- Earns Saver's bonus
- Mandatory written instructions to have funds fixed
- Limited to members only