The Fixed or Call Deposit Account is designed to cater to the needs of clients who may want to deposit their money in an interest earning account for a specific period.
Chase Bank offers competitive interest rates for any surplus funds deposited in a Fixed Deposit Account, for both short and long term tenors.
Fixed Deposit Accounts
The Fixed Deposit Account is designed to cater to the needs of Clients who may want to deposit their money in an interest earning account for a specific period.
The Fixed Deposit Accounts are usually for a longer period i.e. over a month/ 30 days
Account Features
Minimum Deposit Kshs. 100,000
Minimum Tenor 30 Days
Interest Rate This is determined by the amount deposited into the Account by the Client
Assigned business Advisor to assist the Client.
Real Time Gross Settlement services available to this account.
The Client can use the Funds in this account to apply for a credit facility. However the Client will still be expected to follow the correct credit procedures.
Call Deposit Accounts
The Call Deposit Account is designed to cater to the needs of Clients who may want to deposit their money in an interest earning account for a short period.
The Call Deposit Accounts are usually for a Short period i.e. a tenor of 7 days
After 7 days the Client is free to withdraw all his funds from the account at any time
Account Features
Minimum Deposit Kshs. 100,000
Minimum Tenor 7 Days
Assigned business advisor to assist the Client.
Real Time Gross Settlement services available to this account.
However should the need arise; the client is free to leave the funds in this account for as long as they so wish.
