Fixed Deposit

Fixed Deposits are offered to members who wish to earn attractive returns on their savings. Competitive interest rates are offered on this account. A Fixed Deposit can be opened with a minimum amount of Five Thousand Dollars ($5000.00) and matures in one year.

PLANS DEPOSIT AMOUNT INTEREST RATE
Plan A $5,000 – $100,000 3%
Plan B $100, 001 – $500, 000 3.50%
Plan C $500,000 – $1, 000,000 3.75%
Plan D $1, 000, 000 and Over 4.25%

Fixed deposit is an investment instruments offered by N.F.G.W.C.C.U.S. ltd, where members can deposit money for a higher rate of interest than Christmas saver. Members can deposit a lump sum of money in fixed deposit for a one-year period or rolling for multiplied years.

Features of Fixed Deposit
  • Fixed depositing members enable investors to earn higher interest on their surplus funds
  • Members can deposit money in a fixed deposit account only once, but to deposit more money, you need to create another account or wait till maturity
  • Members can deposit money in a fixed deposit account only once, but to deposit more money, you need to create another account or wait till maturity

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