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 an internationally visible presence.

Mission Statement

To provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.