Certificate of Deposit
This is a short-term investment facility in which one can deposit money into the bank and receives certificates entitling him/her to a non-taxable fixed interest from the investment. Investment product available to individuals and businesses.
Benefits
- Guaranteed investment returns.
- Investment periods are flexible (30, 60, 90 days).
- Attractive tax free interest.
- Interest rates are negotiable.
Banker’s Acceptances
A short-term credit investment created by a company and authorized and guaranteed for payment by the Bank. It’s a short term financing option for businesses.
Call Account
This is an investment account where one can receive a competitive interest on the balance. The minimum balance required is higher compared to other transactional accounts.
Benefits
- Investment can be used as security for a loan.
- Secure, simple and convenient
- Funds available on demand.
- Interest rates are negotiable.
