Fixed Deposits are a brilliant method to grow your funds while maintaining the highest level of safety.
It is one of the most popular options because it allows you to deposit a specific amount on your Vbank app and select a tenure that suits your needs. Once activated, it begins paying interest monthly, throughout the chosen period, and at the interest rate that you specified in your deposit.
Your investment amount stays unaffected by future interest rate changes or market fluctuations once it has been keyed in at a given interest rate hence you can be assured of a return on your deposit.
FDs are usually defined by the fact that money cannot be withdrawn before maturity and if requested for before maturity, a particular percentage would be deducted from the interest. Due to its guaranteed yields and capital protection, Fixed Deposits (FDs) are one of the most popular investment vehicles for investors. VBank is here to ensure you get adequate value for your money in the space of 30 to 365 days.
Features of VBank Fixed Deposit
- An amazing interest rate ranging from 11.25% to 15%
- Tenure of a month to 12 months
- There is no minimum or maximum amount to be fixed
- Interests are paid monthly into the account
- Deposit’s returns are guaranteed and unaffected by market volatility
- VBank’s interest rates are highly competitive
Not sure how to begin? No paperwork is required. Do everything from your app by clicking here
Or, you can call us (+234) 1 227 1396 or email [email protected] and we will guide you through the process
