Interest-earning deposit account that allows depositors to earn attractive and negotiated interest rate by agreeing to save for an agreed-upon period of time
Account Features
- Withdrawal of money before maturity will result in forfeiting the interest accrued
- If the customer does not appear on maturity, the interest plus the principal will be transferred and kept under blocked accounts
Account Benefits
- Negotiable and attractive interest rate
- Higher deposits made for longer tenure accruing higher interest rates
Entitlement
- Natural Persons (Individual customers) or legal Persons
