The Fixed Deposit Account product is to give our members an opportunity to invest in a risk free environment and to grow investment culture among our members by giving them a high rate of return. It is a withdrawable deposit account where depositors can place short term deposits for a specified period of time between six to twelve months. The accounts targets members with large sums of money they can invest for quick high tax-free returns and they are fairly certain of the period they can commit the funds.

FEATURES & CHARGES
• Mimimum Deposit 5,000,000
• Minimum Period 6 months
• Maximum Period 12 months
• Minimum Tax Free Annual Interest Earned 9%
• Suitable for deposits with commited period and funds
• Interest computed daily and credited at contract maturity
• Accrued interest forfeited if withdraws before maturity
• Certificate issued up on depositing
• Certificate detail: amount, date, interest, period & maturity date