As its name implies, a fixed deposit account requires a deposit of a fixed amount of money to be invested for a fixed period of time at a fixed rate of interest.  

Features and benefits of the CfC Stanbic fixed deposit account: 

• A minimum investment of KES 100,000 is required.
• No monthly management fee is charged, which means your savings do not get depleted by bank charges.
• There is no maximum balance limit.
• Funds are available upon maturity.
• The deposit amount is fixed during the investment period.
• The interest rate remains constant during the investment period, and paid at maturity.
• Flexible fixed investment period of 30 days, 60 days, 90 days or 12 months