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.
Interest at Maturity Deposit Amount Interest Rate
3 months to less than 6 months K100,000 TO K1,000,000 3.25% p.a.
3 months to less than 6 months K5,000 TO K100,000 3.50% p.a.
6 months to less than 1 year K100,000 TO K1,000,000 4.50% p.a.
6 months to less than 1 year K5,000 TO K100,000 5.00% p.a.
1 year to less than 2 years K5,000 TO K100,000 6.00% p.a.
2 years to less than 3 years K5,000 TO K100,000 6.50% p.a.
1 year to less than 2 years K100,000 TO K1,000,000 6.50% p.a.
2 years to less than 3 years K100,000 TO K1,000,000 6.50% p.a.
3 years and above K5,000 TO K100,000 7.00% p.a.
3 years and above K100,000 TO K1,000,000 7.50% p.a.

Savings Plan Calculator

More information


We're ready to help you

Why choose us?

Send us a message