How Does Fixed Deposit Work In Gtbank

Money can be placed in gbp usd and euros. You will need to have an existing account with the bank of your choice and then you deposit the sum into this account. Gtbank offers you the opportunity to have a fixed deposit account where you can earn monthly deposit interest based on the amount fixed term duration as well as the interest rates.

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You will then need to inform your bank of your intention to fix the said sum for x number of days.

How does fixed deposit work in gtbank. How to put your money in a fixed deposit. A fixed deposit is a financial tool used by banks to offer customers with higher interest rate more that ordinary saving. At the end of the agreed tenure and based on your instructions the investment can either be re invested or returned to you with the interest you have earned. Fixed deposits place money for the short medium or long term at agreed interest rates.

Our fixed tenured deposits offer the best long term saving options for you and your business. Fix your money in the gtbank fixed deposit account and relax knowing that your return is guaranteed. A fixed tenured deposit is a tenured investment account with a specific amount invested at an agreed interest rate and tenure. At the end of the agreed period tenure and based on your instructions the investment can either be re invested or returned to you with the interest amount earned.

Simply deposit a specific amount into an investment account at an agreed interest rate and tenure.