Term Deposit

The EFC Term Deposit is a simple way to earn superior financial returns for savers and investors with a long-term investment horizon. The term deposit account allows the investor peace of mind as the investment is secure for the whole period and interest is guaranteed. Call us on our toll free line 8899 to get more information and competitive rates.

The EFC Term Deposit Account pays the best interest rate to savers and investors looking for superior financial returns.

Benefits and features

  1. No charges or administration fees
  2. Fixed interest rates - a guaranteed return for the length of your deposit
  3. No maximum balance - there are no upper limits on how much you can hold on deposit
  4. Flexible terms - we offer guaranteed rates of return, from one month to two years
  5. An effective alternative for long term investments for both individuals and corporates

1. What is the minimum balance?

The minimum balance is K2,000.

2. What is the minimum duration for Term Deposits?

The minimum duration is one month.

3. What happens at maturity of the Term Deposit?

At maturity, you can choose to transfer the interest earned and capital back to savings account or you can roll over the capital and / interest into a new investment at a new market rate.

4. Is my money safe?

Yes, your money is safe at EFC because EFC strictly adheres to the BOZ policy regulations and is licensed and supervised by BOZ.

*Information on interest rates, fees and conditions is available in EFC branches.


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