- Back to:
Fixed Deposit Account
Grow your money with this account that lets you invest a specific amount of money for a fixed period of time, at an agreed interest rate.
Account Information
Description
Features
Documents Required
Who Can Apply?
How to Apply
Description
Grow your money with this account that lets you invest a specific amount of money for a fixed period of time, at an agreed interest rate. At the end of the agreed period (tenor), the investment can either be rolled over (re-invested) or liquidated (returned to customer) with the interest amount earned.
Features
- Investment period (tenor) is a minimum of 30 days and a maximum of 360 days
- Minimum opening balance is N100,000
- Amount can be terminated before maturity but accrued interest will be forfeited
- Amount can be terminated at customer’s discretion
- Attractive interest rate
Documents Required
- Filled Fixed Term Deposit Form
- One passport photograph
- Customer Investment advice.
Who Can Apply?
Individuals and Corporate organisations can operate this account.
How to Apply
To open a Fixed Deposit account,
- Download the Fixed Term Deposit Form
- Complete the form and submit at the nearest FirstBank branch
FAQs
It varies between 30 days and 360 days.
Yes, based on an instruction from the customer.
Yes, investment can be terminated before maturity; however a portion of accrued interest will be forfeited.
