Commerz Accounts

Commerz Fixed Deposit

An interest bearing contract running for a specified period of time; 1 month, 2 months, 3 months & 6-12 months negotiable

Target

All customers (Individuals & Enterprise) A zero-interest bearing account

Features

  • Minimum account balance is GH 100.00 for (Personal) & GH 1000.00 for (Businesses)
  • Interest paid on maturity date but subject to with holding tax if more than GH 100.00
  • Maturity proceeds only credited to an account as advised by clients
  • Termination of contract allowed bit subject to 48hrs notice
  • Can be use as security / collateral
  • Higher interest rate than savings account