Equity Bank fixed Deposit Account serves people who would like to save and earn attractive interest rates from their savings. Fixed Deposit Account is one of the best investment options for people who are allergic to liquid cash.
This account provides you with a medium for investment opportunities for individual savers, businesses and organizations.
Features
- Minimum fixing amount Kshs.20,000
- Minimum period of one (1) month
- Negotiable interest rate
Benefits
- Premature withdrawal of deposits allowed
- Allows immediate borrowing of up to 80%
- Competitive interest rates
Requirements
- Original and photocopy of the National Identity Card or Passport
This type of account allows an individual to negotiate the interest rate he wishes to earn from his money. In most cases, the rates range between 7 % to 10 % but they depend on the amount of money you wish to save with the bank.
