This Account is no longer supported, it is archieved

This is a customized account tailored for customers whose deposits are fixed for the agreed period of time subject to non withdrawals before elapse of the period, moreover these customers are allowed to keep on depositing more funds to this account while the agreed terms of the period and the interest remain unchanged. When a customer wants to deposit more funds, he/she is required to present Fixed Deposit Receipt (FDR) of the original contract and the interest is accrued and he/she will receive a new receipt maintaining the same interest rate and period prior agreed.

Cumulative Fixed Deposit Account may be operated by;

  1. Individuals.
  2. Companies.
  3. Sole Proprietors.
  4. Learning Institutions.
  5. Religious Institutions.
  6. Societies, Clubs and Associations.

What Cumulative Fixed Deposit Account offers you?

  1. Guaranteed return on your investment.
  2. Maximum investment amount unlimited.
  3. It is available on both local and foreign currencies.
  4. Allows immediate borrowing up to 80% of your savings.

What you need to have Cumulative Fixed Deposit Account?

  1. Valid identification document of account signatory.
  2. 2 coloured Passport size photographs for the account signatory.
  3. Physical evidence of premises e.g. Utility bills, tenancy agreement or letter of introduction from local Government authorities.

* Terms and Condition Apply

Please visit or contact your nearest Mkombozi branch or you call us on our number – 0800 750 040 to learn more on what we can do for you