FDA is an investment product for the customer with a longer investment time horizon. It is an investment of a fixed amount for a fixed period i.e. 30,  91, 182 or 365 days and at a predetermined fixed interest rate.

Features

• Fixed higher interest and paid at the end of the fixed period on maturity.
• Minimum Initial Deposit, GH¢200.00
• Currency, GHC
• Automatic rollover option on maturity.
• Interest can be paid into current, savings or by cheque to non-account holders.
• Can be pledged as security for any borrowing.

Benefits

• Can invest as much as possible
• Security
• Higher earnings on higher deposits
• Certainty of earnings

If a customer is investing a very large sum and there is a possibility that the deposit may be broken before maturity, it is best if the customer breaks the deposit down into manageable amounts so there is no need to break the bulk deposit. It will save the customer a considerable amount of interest.

Contact any of our branches and we would be pleased to assist you.