Fixed Deposit
Product Overview
The GTMB Fixed Deposit is a time-bound investment account that offers higher, guaranteed returns in exchange for locking funds for a defined period.
Features
- Minimum Investment: ₦250,000
- Tenor Options: 90, 180, 365 days
- Interest Rate: 14–20% p.a.
- Interest Payment: Monthly
- Credit Line: For corporate organizations or individuals with liquidity requirement during the course of their investment, investment in our fixed deposit automatically create a cash backed credit facility instantly available to the customer. This facility is available through our LIQUIDE TM cash backed overdraft facility.
- Rollover: Automatic renewal with updated rates
- Pre-Liquidation attracts 40% Penalty on accrued interest
