The fixed deposit is typically a saving account which is normally lodged for a fixed term for 3 months, 6 months or 12 months. The rate of return is higher than a normal savings account.
Target
• Individuals
• Sole proprietors
• Companies
• Clubs & societies
Eligibility
• Applicant not less than 18years
• Any nationality
Requirements
• At least GH¢100
• Multiples of GH¢50
Benefits
• Attractive interest rate,
• Safe keeping
• Accumulation of funds