Fixed Deposit Account

You can invest amounts over Ksh. 50,000.00 with us at a fixed rate of interest and a specified time period,


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fixed deposit account

You can invest amounts over Ksh. 50,000.00 with us at a fixed rate of interest and a specified time period, to a Transnational Bank Fixed Deposit Account. At maturity, you are entitled to receive the principal amount as well as the interest earned at the pre-specified rate during that period. The rate of interest offered depends on the period length of the deposit and the amount invested. The interest is calculated on a daily basis and paid on maturity. On maturity the proceeds can be re-invested, paid to other accounts with Transnational Bank or paid as per your instructions.

There are three types of such accounts:
  1. TNB Call Deposits Account
  2. TNB Fixed Deposit Account 
  3. TNB Foreign Currency Deposit Account

Features

1
  • Minimum Balance of Kshs. 50,000 ( USD 2,500, GBP 1,500, EUR 5,000)
2
  • Duration: Call (minimum 7days), One Month to One year, Two to five years
3
  • Interest paid on maturity
4
  • No Cash Handling commission on fresh deposits.
5
  • No charge on banker’s cheque payment on maturity.