Fixed deposit
A Standard Bank fixed deposit account is an investment account which allows business to invest their funds for a fixed period
Some of the benefits
Free
There are no monthly fees charged on a Fixed deposit account
Best rates
Get the highest interest rates the longer you invest in the account
Flexibility
Choose the period you want to invest from 3 months to 6 months or 1 year
Dedicated support
Get access to our Biz-Direct team for any advice or query resolution an time of the day by simply dialing 242 from your mobile
What you get
- Minimum balance is MWK10, 000.00
- Funds can be pledged and used as collateral
- You can amend disposal instructions before maturity date
- You can have more than one fixed deposit
- Funds are available upon maturity.
- Interest is earned on funds held in the Fixed deposit
- The funds can be used as collateral for borrowings
- The account helps to act as a fall-back position for the business when there is a cash flow squeeze
- Several investment period options
Periods available
- 1 month
- 2 months
- 3 months
- 6 months
- 9 months
- 12 months
What it costs
- You need a minimum opening deposit of MWK10 000.00.
- No service fees
Pricing guide
How to get it
Call 242 to speak with a consultant
Or
Send an email to [email protected]
Or
Visit your nearest branch
Note: Terms and conditions apply.
-
What you get
-
Periods available
-
What it costs
-
How to get it
- Minimum balance is MWK10, 000.00
- Funds can be pledged and used as collateral
- You can amend disposal instructions before maturity date
- You can have more than one fixed deposit
- Funds are available upon maturity.
- Interest is earned on funds held in the Fixed deposit
- The funds can be used as collateral for borrowings
- The account helps to act as a fall-back position for the business when there is a cash flow squeeze
- Several investment period options
- 1 month
- 2 months
- 3 months
- 6 months
- 9 months
- 12 months
- You need a minimum opening deposit of MWK10 000.00.
- No service fees
Pricing guide
Call 242 to speak with a consultant
Or
Send an email to [email protected]
Or
Visit your nearest branch
Note: Terms and conditions apply.
We also offer
Enterprise Online
Enterprise Online is a digital online solution that has been developed for Small and Medium Enterprises to enable them to conveniently manage their own business accounts. The payment platform enables business owners to bring the bank closer so that they can spend more time growing their businesses
Telegraphic Transfers
A telegraphic transfer is an electronic Instruction to send money from your Standard Bank account to a foreign bank account. A telegraphic transfer is a convenient way of sending and receiving cross border payments at a competitive rate. We process Inward Telegraphic transfers relating to export proceeds, donations, salaries etc., the beneficiaries of which can be local account holders, Foreign Currency Denominated Account holders or those maintaining accounts with other banks.