Fixed Deposit Account
This is a high interest bearing investment instrument specially offered to both corporate and individual clients. There is no need to open an account.
Cal Fixed Deposit is a safe and flexible form of investment with maturity period of three (3), six (6) and twelve (12) months. Withdrawals can be made before maturity but it will attract a discount rate.
Other details are:
- Maturity profile and amount of investment determines the interest rates.
- Notice is needed for disinvestment before maturity.
- The investment can be used as security for a loan.
- Competitive and negotiable interests for funds above certain limit.
Both accountholders and non-accountholders
- The initial amount to start the investment is GH¢ 5,000.00.