A Fixed/Tenored Deposit is a tenored investment account with a specific amount invested at an agreed interest rate and tenor. Based on your instructions, at the end of the agreed period (tenor), the investment can either be rolled over (re-invested) or liquidated (returned to you) with the interest amount earned.
The period of investment (tenor) is usually for a period of 30 days (minimum), and a maximum of 180days.
With a Guaranty Trust Bank Fixed/Tenored Deposit, you also have access to all our various electronic channels at no extra cost.