At Access Bank, we offer financial products that address the safety, liquidity and returns requirements of our customers. Our underlying philosophy is the provision of an attractive return on investments in low risk money market products, thus ensuring the safety of our customers' funds. Our term deposit products include the following:
- Bank Deposits At Access Bank we accept deposits for a range of tenors starting from 30 days. The interest paid on this product is subject to withholding tax.
- Bankers' Acceptances (BA) These are investments in commercial notes that are guaranteed by Access Bank for tenors ranging from 30days to 180 days. The interest on this product is paid upfront and is not subject to withholding tax.
- Commercial Papers (CP) A commercial paper is a commercial note that is issued by banks to blue chip customers for tenors ranging from 90days to 180 days. They are also discounted securities and are not subject to withholding tax. At Access Bank, CPs offer the highest yield among all our deposit products.
Our term deposits offer the following benefits:
- Highly flexible tenors (Ranging from 30 days to 1 year)
- Highly competitive interest rate
- Flexible interest payment.
- No bank charges on any deposit products
- Confirmation letter within 24 hours of banking the deposit