PRODUCT TARGET
For customers with excess funds who intend to commit to an investment for a fixed period of time.
PRODUCT FEATURES
- Minimum Balance of MWK50,000.
- Predetermined fixed period
- Interest is paid on expiry of each contractual period.
BENEFITS TO CUSTOMERS
- No bank charges.
- Can be used as security for borrowing
- Relatively high interest rate
- Very low risk.
ACCOUNT OPENING REQUIREMENTS
- Account opening forms
- Kyc documentation as advised by the bank