Fixed Deposit Account

Open a Fixed Deposit Account and Grow Your Savings

african man investment Commercial Trust Bank

Who Is This Account For?

The Fixed Deposit Account is ideal for both individuals and corporate entities looking to invest idle funds for higher returns. Are you looking to maximize the interest on your savings? Planning for future projects or goals? Want to know exactly how much your money could earn over the next 3 months to a year?

If so, now is the perfect time to open a Fixed Deposit Account. Enjoy the benefits of flexibility, security, and attractive returns.

To open a Fixed Deposit Account, please provide:

  • An application letter stating your intention, preferred tenure, and amount to invest
  • Proof of an existing account with the bank
  • Valid identification:
    (National ID, International Passport, Driver’s License, or Voter’s ID)
  • Attractive Returns – Earn higher interest rates compared to regular savings
  • Flexible Tenure Options – Choose from 90 days, 180 days, or 365 days
  • Guaranteed Earnings – Know exactly how much your money will earn before investing
  • Roll-Over Option – Automatically renew your principal and interest upon maturity
  • Collateral Opportunity – Use your Fixed Deposit Certificate as security for credit facilities
  • Minimum Investment – Start investing from 1.35M XOF
  • Early Withdrawal Clause – Premature disinvestment attracts a 10% penalty on accrued interest
  • Tax Compliance – 15% withholding tax on interest is applied at maturity