Fixed Term Deposit

Service/Product Target

For customers with excess funds which they intend to commit to an investment for a fixed period of time.

Product Attributes/ Features

  • Minimum balance of MK25,000
  • Predetermined fixed period
  • Interest is paid on expiry of each contractual period

Benefits To The Customer/User

  • No bank charges
  • Can be used as security for borrowing.
  • Relatively high interest rate.
  • Very low risk
  • Once paid for each period, interest is added to the principal and earns interest in the subsequent contractual period.

Costs To Access The Product


Account Opening Requirements

  • Account opening forms
  • KYC documentation as advised by the bank

Terms and Conditions

Interest is forfeited if withdrawals are made before maturity.



To be the most successful financial institution in Malawi with international visible presence.

Mission Statement

To provide the best financial services in Malawi and internationally, distinguished by outstanding service, product innovation and sustained earning.