Fixed-term deposit

Set aside money for an agreed period, with a defined return basis and clear rules for maturity and early access.

Understand this category

Set aside money for an agreed period when you do not expect to need it for everyday expenses. Compare the deposit term, return calculation and payment dates before deciding. Your D-SACCO’s offer will explain what happens at maturity, whether renewal is automatic and the consequences of requesting early access. Choose a term that fits your plans rather than relying only on the highest advertised rate.

Who it may suit

Eligible members or approved organisations with funds they do not expect to use during the chosen term.

Practical uses

A planned future purchase, business reserves for later expansion, or a household amount kept separate from everyday spending.

How to proceed

Request current terms; choose an eligible amount and period; approve maturity instructions; retain the deposit confirmation; review renewal before the due date.

What to prepare

Existing or new eligible account, identity and ownership checks, source-of-funds information as required, and maturity-payment instructions.

Questions and answers

Can I add more money later?

Only if that particular term product allows top-ups; otherwise a new placement may have different terms.

What happens when the term ends?

Your approved maturity instructions govern repayment or renewal. The next term may carry a different rate.

Choose a D-SACCO