Fixed Deposit Account
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
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What you get
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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