Fixed Deposit Account

Grow Your Savings with Secure, Guaranteed Returns

Who Is This Account For?

The Fixed Deposit Account is designed for individuals and corporate entities seeking a secure way to invest surplus funds while earning attractive returns. It is suitable for customers who want to grow their savings, plan for future goals, or earn predictable income over a selected investment period.

With flexible tenures, secure investment options, and guaranteed returns, a Fixed Deposit Account provides a reliable way to maximize the value of your funds.

To open a Fixed Deposit Account, applicants are required to provide:

  • An application letter stating:
    • Intention to open the account
    • Preferred investment tenure
    • Amount to be invested
  • Proof of an existing account with the Bank
  • Valid identification, including:
    • National ID
    • International Passport
    • Driver’s License
    • Voter’s ID
  • Attractive returns with higher interest earnings compared to standard savings accounts
  • Flexible investment periods with options of 90 days, 180 days, or 365 days
  • Guaranteed earnings, allowing you to know your expected returns before investing
  • Roll-over option to automatically renew your principal and interest upon maturity
  • Collateral opportunity, allowing the Fixed Deposit Certificate to be used as security for credit facilities
  • Minimum investment requirement of 1.35M XOF
  • Early withdrawal terms: Premature disinvestment attracts a 10% penalty on accrued interest
  • Tax compliance: 15% withholding tax applies on interest earned at maturity