Accounts

Fixed Term Deposits

• All accounts are maintained in US$
• We offer personal and corporate fixed-term deposits
• The minimum amount to open a fixed-term deposit is US10,000.00.
• Interest rates ranges from 3.50% to 7.50% depending on the amount being invested and the time the money is being held with us.
• Interest is paid, monthly, quarterly, semi-annually, annually or at maturity or the interest could be rolled on the principal at maturity to be held for another period. 

Requirements to open personal and corporate accounts

1. All documents should be in the English language,
2. Complete a personal/corporate bank application form including the signature card form,
3. Complete a source of fund declaration form,
4. Two  bank references,
5. Two  professional references,
6. A copy of the customer’s passport; the pages showing the photograph and signature.  Affirmation by a notary public is required if not photocopied by the bank and
7. A copy of a recent utility bill (except mobile phone) to show proof of address.

Documents required for companies

1. A copy of the incorporation document,
2. A copy of the memorandum and article of association,
3. Resolution of the appointment of directors,
4. Bank mandate and resolution of the board of directors regarding the account,
5. Register of directors, members and beneficial owners of the company and
6. Copy of share certificates