Fixed Deposit Account
Overview
Save for a fixed period of time.
An investment account which gives you the opportunity to invest in fixed terms (Amount, Interest rate and Duration). The tenures are 3, or 6 or 12 or 24 months.
Save for a fixed period of time.
An investment account which gives you the opportunity to invest in fixed terms (Amount, Interest rate and Duration). The tenures are 3, or 6 or 12 or 24 months.
6 great features of our Fixed Deposit Account
- Funds are invested in fixed period
- Interest is paid on maturity
- Investment duration ranges from 3 or 6 or 12 or 24 months
- Fixed Deposit receipt is given to a customer as certificate of deposits
- It can be opened in either of TZS, USD, EURO or GBP
- Premature withdrawal attracts a penalty of 50% on interest payable
6 reasons to open a Fixed Deposit Account
- Offers you funds security
- You know in advance the interest that will be earned
- Offers Flexibility on maturity (3, 6,12, and 24 months)
- Is a risk-free investment with a guaranteed return
- Gives you access to loan facility in case of need (It can be used as a lien/collateral for the loan)
- The renewable investment enables you to maximise your interest earning
To open an account, you must…
- Be 18 years and above
- Own a CRDB Account
- Have a valid ID (NIDA ID, Voters ID, Passport, Driver’s licence, Zanzibar ID)
- Have 2 passport photos
FAQs
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