Product Features

• Deposit in foreign currency fixed for a specified period i.e., 3 months, 6 months, 9 months, 12 months, or 24 months.
• The minimum amount to be fixed is USD 10,000 or equivalent, such as GBP, EURO, or KES; there is no maximum.
• No regular fees or charges.
• Cash withdrawal may be personally made to the account by the holder before maturity.
• No ATM issued.
• No regular account statements provided.

Benefits

• The account earns interest depending on the amount and period.
• The account can be liquidated at any time upon notice.
• Funds on account can be pledged as collateral for bank loans.
• Renewable on maturity, to earn further interest.
• Accrued interest is paid every month.
• Flexible withdrawals: Customers can now terminate contracts and still earn interest as long as 80% of the contract period has been met.