Fixed Deposit
“Build Wealth, it increases your financial worth.”
This product is an interest bearing account available for investors such as individuals, corporate bodies, cooperative societies who wish to place their fund for a specific period.
KEY FEATURES
- Minimum placement of N100,000
- Certificate of deposit is issued to the holder
- Option to roll over is available at maturity
- Acceptable as security for loan
- No withdrawals, transfers out or closures permitted before the maturity date
KEY BENEFITS
- Attractive interest rate
- Wide range of tenures, to suit customers investment plan
- Automatic roll over is guaranteed
- E-banking services available.
CMBank ACCOUNT OPENING REQUIREMENTS
- Duly filled account opening form
- 2 recent colored passport photographs
- Utility bill not less than three months
- Valid means of identification ( Driver’s license, International passport, National ID card, Voters card)
OTHER BENEFITS APPLICABLE TO ALL ACCOUNT TYPES
- 24/7 Banking services via our various E-channels
- Monthly statement via email
- Dividend warrant lodgments are acceptable
- Bank transfer from other banks is permissible
- Know Your Customers (KYC) rules apply
- Cheque lodgment is permissible