Surplus funds can be invested in term deposits for a return. This product is available to individuals and business operators

  • Individuals, Corporates, Trusts eligible
  • Other financial institutions eligible
  • Minimum deposit: K5,000
  • up to 7.50%p.a. Interest rate

Product Features:

TCF Term Deposit
Amount : Minimum K5000
Term : Minimum 90 days
Interest rate : On application
Interest Payment : Interest payments on short term deposits will be payable on maturity only. Interest payment on deposits for a term exceeding one year will be either credited or payable quarterly, half yearly or on maturity.
Maturity Options : At the end of your term, unless we are notified in writing, your deposit will be automatically renewed for the same term but at the interest rate prevailing at the time.
Early withdrawal : Early redemption of deposits will not be permitted, however, if such request is agreed to by TCFL, a penalty interest will be advised at the time of the transaction.
Term Amount Interest Rate
3-6 months K5,000 to K100,000 1.50% p.a.
  K100,001 to 1,000,000 1.50% p.a.
6-12 months K5,000 to K100,000 2.00% p.a.
  K100,001 to 1,000,000 2.00% p.a.
12-24 months K5,000 to K100,000 6.00% p.a.
  K100,001 to 1,000,000 6.50% p.a. 
24-36 months K5,000 to K100,000 6.50% p.a. 
  K100,001 to 1,000,000 6.50% p.a. 
More than 36 months K5,000 to K100,000 7.00% p.a. 
  K100,001 to 1,000,000 7.50% p.a.

Amounts over K1,000,000 rates will be available on application




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