The Fixed Deposit Account offers members the opportunity to invest their funds at a fixed term of one (1) year. This fixed term provides a sense of stability, allowing you to plan and anticipate the growth of your savings over a defined period.

Whether you’re starting with a minimum deposit of $3,000 or opting for a more substantial investment between $5,000 and $10,000, or $11,000 and above, your savings work harder for you with competitive interest rates.

Higher Yearly Interest Rates

The nature of the Fixed Deposit Account ensures that you earn a more attractive interest rate compared to regular savings accounts. This yearly interest payment becomes a valuable component of your overall financial strategy, contributing to the growth of your wealth.

Cancellation Flexibility

Life is unpredictable, and we understand that circumstances may change. The Fixed Deposit Account provides the flexibility for members to cancel their accounts at any given time.

However, it’s essential to note that cancelling before the completion of the fixed term comes with a penalty – the forfeiture of any unpaid interest. This policy encourages commitment to the fixed term, maximizing the benefits of this secure investment.

How Your Interest Grows

At the end of each year, the interest accrued on your Fixed Deposit Account is paid out to you. This systematic approach ensures that you not only benefit from the initial fixed interest rate but also enjoy the compounding effect as your savings grow over time.