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8-14% Fixed Deposit In Mfb - Education - Nairaland

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8-14% Fixed Deposit In Mfb by mikedanza(m): 10:44am On May 05, 2010
08079928334
www.microcred.org
dmichael@microcred.org
Kaduna, Nigeria

We can manage your protfolio from anywhere.


Term Deposits
Tenor 1 Month 3 months 6 months 9 months 12 months
Interest 8% 8% 10% 12% 14%
Capitalization
By the end of tenor
Minimum deposit to open an account
NGN 100,000
Maximum deposit
No limits
Additional deposits during the tenor
applicable
Penalty for pre-mature closure of account
Deduction of 20% of actual interest for ≥70% of maturity

Deduction of 30% of actual interest for <70% of maturity
AML check
For lump sum deposits≥ NGN1,000,000

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