A term deposit

• Penalies to withdraws before maturity which is fixed to 2%.
• Minimum operating balance of Frw 100,000/50,000 USD
• Earning interest per year : 3% – 8%
• Duration : The account has a duration of 1 year to 2 years depends on contract term
• Type of financial assets : Saving in order to get loan or to satisfy a future need or unexpect expenses
• Compulsory insurance: No insurance is required for the saving but for the loan life insurance and fire if a collateral is given
• Souscription Age: 18 years old

Eligibility conditions

• Being individual aged 18 years old as minimum and 55year as maximum
• Accept to sign contract for term deposit
• Complying with KYC

• Copy of national Identity card if you are a new client( no need for existing client)
• Copy of valid passport for foreigner if you are a new client( no need for existing client)
• Signing a transfert order from current account for the amount to be saved
• Signing account opening form (for new client)
• Minimum operating balance of Frw 100,000/50,000USD.
• Signing term deposit contract