Fixed Deposit
Fixed Deposit is an investment account which allow customers to place a fixed amount
of money for a fixed period at an agreed interest rate. Interest earned is paid at maturity.
Features & Benefits
How to Apply?
FAQs
Features & Benefits
Features
- Investment period is a minimum of 30 days and a maximum of 360 days.
- Upon customer’s instructions, fixed deposit can be rolled over or paid out at maturity
- Attractive interest rates
- Can be used as collateral for loans from the bank
- Amount can be terminated before maturity but accrued interest will be forfeited
How to Apply?
To open a Fixed Deposit account,
- Download the Fixed Deposit Account Opening Form
- Complete the form and submit at the nearest FirstBank branch
FAQs
- It varies between 30 days and 360 days.
- Yes, based on an instruction from the customer
- Yes, investment can be terminated before maturity; however a portion of accrued interest will be forfeited.