What is a Fixed Deposit Account?
A fixed deposit account is a great way to grow your savings with utmost safety and low risks. On top of this, this account type makes attractive rate of returns in terms of interests when you fix money for a longer period of time. On completion of the pre – decided tenor, your deposits starts earning a competitive interest throughout the chosen duration as per the pre determined interest rate at which you locked in your deposit savings account. Whether you are a parent looking to save for your child’s higher education or a professional looking to retire into luxury; an FD account makes it possible.
Features.
- This account period is 3,6,9 or 12 months
- Minimum deposit is Kshs. 20,000
- Attractive interest earning.
Benefits
- Competitive interest rates for the period the money is held in the account.
- Short term investment Plan, ranging between 1 to 12 months.
- Get to enjoy risk free returns on your your fixed savings deposit investment.
How Can I Apply for a Fixed Deposit Account?
Now that you know the diverse advantages of fixed deposit, you can chart out a plan to secure your financial future. Click here to visit any of our nearest Tai Sacco branches
