How to Open a Fixed Deposit
Visit the bank branch or apply online/via mobile banking. Bring your Ghana Card and a recent utility bill for KYC.
Transfer the investment amount to the bank's designated FD collection account. Confirm the exact account number with the bank.
Receive a Fixed Deposit Certificate specifying your principal, rate, tenure, and maturity date. Keep this document safely.
Rates Disclaimer
Rates shown are indicative only. Actual rates may differ based on your relationship with the bank, amount invested, and prevailing Bank of Ghana policy rate.
Negotiate: banks often offer better rates for larger amounts (GHS 100,000+) or existing clients with strong relationships.
Tax: interest income from FDs is subject to 8% withholding tax deducted at source by the bank.