Grow your money with Citizen
Savings can help you face unexpected emergencies or simply let you enjoy the pleasures of life when you want. If you are looking for a fast and secure savings option, with Citizen Term Deposits you can end your search. Term deposit, also referred to as Fixed Rate Term Deposit, keeps the principal amount intact while letting you earn a fixed rate of interest for a specified tenure. Interest can be paid quarterly or annually.
- Available in multiple currencies
- Competitive interest rate of up to 10.5% annually
- Flexible tenure
Why switch to citizen Fixed Deposit
Opening a fixed rate term deposit with Citizen is easy and hassle-free. You won’t have to take out extra time from your busy schedule to visit us, as you can apply for one online.There are many reasons to open a fixed term deposit with Citizen Mutual Bank including but not limited to :
Predictable income: Citizen Fixed deposits offer a fixed rate of interest that is unaffected by market fluctuations, ensuring a predictable and stable return on your investment.
Low risk: This makes them a very secure option for investors who prefer to avoid the risks associated with market-linked instruments.
Better returns: Fixed deposits typically provide a higher rate of interest compared to a standard savings account.
Inflation protection: The higher interest earned can help your money grow faster, potentially outperforming inflation over time.
Security and convenience
At Citizen Mutual our Fixed Term Deposit comes with market leading interest rates as well as competitive features including but not limited to:
Deposit insurance: Your funds in a fixed deposit account are secure and insured, providing peace of mind.
Liquidity: While they are a "fixed" deposit, we may allow for premature withdrawal in emergencies, though this may involve a penalty on the interest rate.
Flexible Investment Period: You can choose a tenure that fits your financial goals, ranging from a few months to several years.
Convenience: Investing in our FDs is often simple and can be done through online or offline channels.
Term Deposit Interest Rates
Citizen Fixed Rate Term Deposit offers a safe and secured platform that you can use at your convenience to start your savings journey. It is available in various currencies and in flexible tenure of 12 months, 36 months and 5 years too, so you can access it conveniently.What’s more, it offers competitive interest rates of up to 10.5% annually, on your principal amount. To know more about the latest term deposit interest rates, please speak to our specialists who will guide you through the process.
| Terms | Fiat (USD) | Crypto (USDT) | Compounding |
|---|---|---|---|
| 12 months | 6.5% | 8.5% | No |
| 36 months | 8.5% P.A | 11.5% P.A | No |
| 60 months | 10.5% P.A | 14% P.A | Yes |
