Customer Owned
Surplus funds can be invested in term deposits for a return. This product is available to individuals and business operators
TCF Term Deposit |
|
|---|---|
| Amount : | Minimum K5000 |
| Term : | Minimum 90 days |
| Interest rate : | On application |
| Interest Payment : | Interest payments on short term deposits will be payable on maturity only. Interest payment on deposits for a term exceeding one year will be either credited or payable quarterly, half yearly or on maturity. |
| Maturity Options : | At the end of your term, unless we are notified in writing, your deposit will be automatically renewed for the same term but at the interest rate prevailing at the time. |
| Early withdrawal : | Early redemption of deposits will not be permitted, however, if such request is agreed to by TCFL, a penalty interest will be advised at the time of the transaction. |
| Term | Amount | Interest Rate |
| 3-6 months | K5,000 to K100,000 | 1.50% p.a. |
| K100,001 to 1,000,000 | 1.50% p.a. | |
| 6-12 months | K5,000 to K100,000 | 2.00% p.a. |
| K100,001 to 1,000,000 | 2.00% p.a. | |
| 12-24 months | K5,000 to K100,000 | 6.00% p.a. |
| K100,001 to 1,000,000 | 6.50% p.a. | |
| 24-36 months | K5,000 to K100,000 | 6.50% p.a. |
| K100,001 to 1,000,000 | 6.50% p.a. | |
| More than 36 months | K5,000 to K100,000 | 7.00% p.a. |
| K100,001 to 1,000,000 | 7.50% p.a. |
Amounts over K1,000,000 rates will be available on application
