Product Name
Call accounts
Product Category
Deposit product
Product Description
Notice accounts that encourages customers to Invest for a short time
Product Objective
Boost liquidity through deposits
To raise interest income through investments of customers funds
Interest Rate
Sweep call account- 8 % p.a.
7 Day- 5 % p.a.
30 Day- 6 % p.a.
Minimum Balance: K50,000
Target Market: Entire Public
Account opening requirements:
Individuals: A valid National ID, passport or valid driving license, pay slip or income statement from another Bank, Utility bill, and letter from agriculture Extension services, chief or DC.
Farmer Clubs and Groups; Farmer Club registration certificate and ID documents for officer bearers – National IDs, passports or driving license for signatories.
Utility bills, and letter from off takers, chiefs, DC etc
Corporates: Certificate of incorporation, Memorandum and articles of association, Board resolution to open an account, ID documents – National ID, passports or driving license for signatories.
Utility bill, certificate for the premises where the business is transacted and business location map