Enjoy superior return on your Target Deposit over definite period, normally from 3 months to 1 year.
Features
- Minimum amount to operate Target deposit is Kshs. 50,000
- Its earns attractive and high interest rates
- This account is suitable for saving funds for a predetermined future need
- Minimum saving period to earn interest is 3 months and maximum is 12 months
- Interest is calculated daily and credited at maturity of contract period
- Accrued interest is forfeited if you withdraw the funds prematurely before the maturity date
- You will be issued with a Certificate of Deposit upon depositing the money
- Upon maturity you can rollover the principal together with the interest, or collect interest and rollover the principal, or collect both principal and interest