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Fixed Deposits Account

Account  where a customer’s deposit are fixed for the agreed period of time subject to non-withdrawals before the elapse of the period.

Fixed Deposit Account may be operated by;

  • Individuals.
  • Companies.
  • Sole Proprietorship.
  • Learning Institutions.
  • Religious Institutions.
  • Societies, Clubs and Associations.

Requirements;

  • Signatory’s Identity Card or Passport.
  • Two colored passport sized photographs.
  • Letter of introduction from local Government authorities or utility bill from DAWASCO,TANESCO or land rent receipt.

Benefits;

  • Negotiable interest rates.
  • No fees are charged on the account.
  • Flexibility in the investment periods.
  • Guaranteed return on your investment.
  • Maximum investment amount unlimited.
  • It is available on both local and foreign currencies.
  • Allow immediate borrowing up to 80% of your savings.
  • You will be looked after ,at all times, with personalized service from a dedicated  MKCB officer.

*MKCB: Mkombozi Commercial Bank Plc.