FDR RATES

 

 

   NEW FIXED DEPOSITS RATES   
             
AMOUNT        CALL 3MONTHS 6MONTHS  12MONTHS
             
50,000-399,999 7.00% 7.00% 7.00% 7.00%  
400,000-999,999 7.00% 7.00% 7.00% 7.50%  
1M-2,999,999 7.00% 8.00% 8.50% 8.50%  
3M-4,999,999 7.50% 8.50% 9.00% 9.00%  
5M-9,999,999 8.00% 9.00% 9.50% 10.00%  
10M-24.9M   9.50% 10.00% 10.50%  
25M-49.9M     10.00% 10.50% 11.00%  
50M-99.9M     11.00% 11.00% 11.50%  
100M &ABOVE     12.00% 12.50% 12.50%  
           
             
             

The above rates are applicable effective 8/3/2017 and the interest is computed per annum as demonstrated below; 

Principle (amount)*Rate *Time   e.g. = Principle (100000)*Rate (6/100 or 6%)*Time (Duration in Months) 3/12 less 5% (withholding tax) 

   
             
             
             
             
             
      Chris Useki  
       
Ag Chief Executive Officer