Jinsi Ya Kufungua Fixed Account CRDB.
FIXED DEPOSIT ACCOUNT
It is a time deposit with fixed terms where a certain amount of money is kept in the account for a predetermined fixed time (Investment duration ranges from 3 or 6 or 12 or 24 months) and an interest rate of up to 5%.
Key Benefits(umuhimu/faida wa/za fixed Account):
- Funds are invested in a fixed period
- Interest is paid on maturity
- Investment duration ranges from 3 or 6 or 12 or 24 months
- Fixed Deposit receipt is given to a customer as a certificate of deposits which is presented for payment during maturity
- It can be renewed as per the customer’s instructions
- It can be opened in either TZS, USD, and EURO
- Opening balance
- Prematurely withdrawal attracts a penalty
Key Features:
- A customer knows in advance the interest he/she will earn
- A flexible maturity of 3, 6,12, and 24 months enable a customer to choose a suitable investment plan
- Risk-free investment with a guaranteed return
- Easy to access an overdraft facility in case of need (It can be used as a lien/collateral for a loan)
- Renewable investment enables customers to maximize his / her interest earning
Requirements / Eligibility (Vigezo Vya Kufungua Fixed Account):
- Application letter for account holders (existing customers) OR For customers
- Letter of introduction from employer and Identity card
- Introduction letter from local government and voter registration card or passport or
- A referee holding an account with CRDB Bank and a voter registration card or passport
- Two passport-size photographs with American size
- Opening amount