Fixed Deposit
Account
Invest a lump sum over a fixed period and earn attractive, tiered interest rates. A smart way to fund future goals.
Centenary Bank account required. Malawi residents only. Ts&Cs apply.
50% Borrowing
Customer can borrow 50% of their funds placed on their account at the banks rate for a maximum period of 12months
Duration-based Interest
Attractive interest rates assured and determined by duration of the deposit
Key Features & Benefits
- Negotiate for a competitive interest rate when you keep your money for more than 6 months.
- Initial account opening deposit is K20,000.
- Earn interest of 3.50% when you keep your money for 1 Month
- Earn an interest of 4.00% when you keep your money for 2 months.
- Earn an interest of 5.00% when you keep your money for 3 months
Transparent pricing
Rates & Charges
| Period | Rate |
|---|---|
| 30 days | 3.50% |
| 60 days | 4.00% |
| 90 days | 5.00% |
| 6 - 12 months | Negotiable |
Early termination attracts a charge on the interest amount, i.e. 35% of earned interest.
Getting Started
What you need to open this account
Bring along the documents below and you'll be banking in no time.
Identification
- Malawians: National Identity Card (including Driving Licence, Traffic Registration Card or Passport)
- Foreigners: Passport
Supporting Documents
- Proof of Residence — Utility Bill or a sketch map and a letter from a Chief
- Proof of source of funds
Ready to apply?
Scan the code to download the application form, or tap the button below. You can also open this account at any Centenary Bank branch.
Fees and charges are reviewed annually.
Here's what people are saying
I commend Centenary Bank for their exceptional customer service and expert guidance throughout my Fixed Deposit Account journey. Their knowledgeable staff provided valuable insights and recommendations, ensuring I made informed decisions and maximized the benefits of my investment.
Ready to open your Fixed Deposit Account?
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