Money Market & Fixed Income Products

Call Deposit

This is an account in which a client deposits specified amount of money for an undefined period of time.The account has no specific maturity date but the funds should be held in the bank for at least 7 days.

The client can therefore withdraw or ‘call’ the funds at will.The amounts and rates are usually higher than those applicable for the savings accounts.

Fixed Deposit Account

  • This is an account in which a client deposits specified amount of money for a fixed period of time and in turn receives a preferential rate. The tenor can range from 1 month to 1 year.
  • Earlier withdrawal leads to forfeiture of interest earned or re-computation of the yield using a lower rate applicable for the period the deposit has run.
  • The bank applies for Treasury Bills on behalf of clients for a commission.
  • The only product under the Fixed Income is application of Treasury Bonds on behalf of clients. The bank does not charge a commission to clients since it earns the same from CBK.

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