Fixed Deposits
The Bayport Fixed Deposit offers the following flexibility:
- Interest earnings can be paid up-front, monthly, quarterly or at maturity
- Short and long terms to suit each investor’s goals
- Highly competitive interest rates, based on investment amount, tenor and interest payment option; with higher rates payable on larger amounts placed for longer periods
- Some interest will still be paid even on breakage of deposit before maturity*
- No setup, monthly maintenance, service or transaction fees
- No penalty for early redemption
- Suited to both individuals and institutions
- Create your tailor-made investment with the following options:
Advance Interest Deposit
- High yielding deposits with interest paid upfront
- Interest pricing according to amount invested and tenor
- Ideal for investors with immediate obligations and would like to preserve their principal
- Interest paid within 48hrs of Bayport receiving the funds
- 30-day, 60-day, 90-day, 180-day, 270-day and 360-day tenors available
- On early redemption, pro-rata interest is paid, up-to the day of breakage* (No interest paid for a period less than 30 days)
- Minimum deposit ZMW 25,000
Monthly Interest Deposit
- High yielding deposits with interest paid monthly
- Interest pricing according to amount invested and tenor
- Ideal for investors who want to create an income stream, supplement their income or fund regular obligations
- 60-day, 90-day, 180-day, 270-day and 360-day tenors available
- On early redemption, pro-rata interest is paid, up-to the day of breakage*. (No Interest paid for period less than 60 days)
- Minimum deposit ZMW 25,000
Quarterly Interest Deposit
- High-yielding deposit with interest paid at every quarter
- Interest pricing according to amount invested and tenor
- Ideal for investors who want to create an income stream, supplement their income or fund regular obligations
- 90-day, 180-day, 270-day and 360-day tenors available
- On early redemption, pro-rata interest is paid, up to the day of breakage (No interest paid for period less than 60 days)
- Minimum deposit ZMW 25,000
Multiple Growth Deposit
- High-yielding deposit with interest paid at the end of the investment term
- Interest pricing according to amount invested and tenor
- Ideal for investors who want to grow their investments and have Multiple Term deposits running with the convenience of having the same maturity date
- An Initial Term Deposit is placed with expected future deposits allowing the customer to place as many fixed deposits as they like that can be easily tracked
- 30-day, 60-day, 90-day, 120-day, 150-day, 180-day, 210-day, 240-day, 270-day, 300-day, 330-day and 360-day tenors available
- On early redemption, pro-rata interest is paid, up to the day of breakage (No interest paid for period less than 30 days). Redemption can be done on any Term Deposit of customer’s choice
- Minimum deposit ZMW 1,000
Maturity Interest Deposit
- High-yielding deposit with interest paid at the end of the investment term
- Highest interest rate option: interest pricing according to amount invested and tenor
- Ideal for investors who want to grow their investments
- 30-day, 60-day, 90-day, 180-day, 270-day and 360-day tenors available
- On early redemption, pro-rata interest is paid, up to the day of breakage( No interest paid for period less than 30 days)
- Also available in United States Dollar and priced accordingly
- Minimum deposit ZMW 1,000 or USD 500
*Terms & Conditions Apply
