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Fixed Deposit Account

Fixed Deposit account banner

A Fixed Deposit is an investment account where money is deposited for a fixed period and the interest rate does not change. A Fixed Deposit offers higher interest rates than ordinary savings accounts and is ideal if you want to save for a specific goal, like the deposit for a wedding or a year-end holiday. You choose how long you want to invest – from 3 months to one year. The funds are available at the end of the agreed tenure

Benefits of a fixed deposit account

Best Deal

Make a once off deposit and watch your money earn interest.

Best rates

Get the highest interest rates the longer you invest in the account

Flexibility

Choose your own investment period up to 1 year.

Free

There are no monthly fees charged on the account
What you get
  • Funds can be pledged and used as collateral
  • No service fees charged
  • Disposal instructions can be amended before maturity
  • Several investment periods options
  • You can choose to have more than one Fixed deposit if you want to save for different goals
  • Several investment period options are available – from 3 to 12 months

 

How to get it
  • National ID
  • Minimum investment of MWK 20,000
  • Proof of residence – Water bill or electricity bill
  • Be an adult with a Standard Bank transactional account

Terms and conditions apply

  • What you get
  • How to get it
  • Funds can be pledged and used as collateral
  • No service fees charged
  • Disposal instructions can be amended before maturity
  • Several investment periods options
  • You can choose to have more than one Fixed deposit if you want to save for different goals
  • Several investment period options are available – from 3 to 12 months

 

  • National ID
  • Minimum investment of MWK 20,000
  • Proof of residence – Water bill or electricity bill
  • Be an adult with a Standard Bank transactional account

Terms and conditions apply