Fixed Deposit Account

What is a Fixed Deposit Account?
A Fixed Deposit account is a type of savings account where you deposit a specific amount of money for a fixed period at an agreed interest rate. In Nigeria, this option is popular among individuals and businesses looking for a secure, low-risk way to grow their funds.

Unlike a regular savings account, the money in a fixed deposit account cannot be withdrawn until the end of the term, but If you need to withdraw your funds before the term is up, you may be subject to early withdrawal penalties, which can reduce the interest you earn. The terms typically range from few weeks to several years.

Fixed deposits are offered by most banks and financial institutions, but Advans La Fayette Microfinance Bank stands out with one of the best offers in the industry. With interest rates as high as 24%—and the potential to go even higher if additional criteria are met. Our fixed deposit accounts provide an excellent opportunity to grow your wealth.

What you benefit for opening a Fixed Deposit Account

High Interest Rates: Advans Nigeria offers competitive interest rates, up to 24%, providing customers with a great opportunity to grow their savings faster compared to standard savings accounts.

Guaranteed Returns: With fixed deposits, your returns are secure and predictable. Customers can confidently plan their finances knowing exactly how much they will earn by the end of the term.

Flexible Tenure Options: Advans Nigeria provides flexibility in choosing the deposit period, allowing customers to select a tenure that best suits their financial goals, whether short-term or long-term.

Low Risk: Fixed deposits are a safe investment option, especially for risk-averse customers, as the principal amount and interest are both guaranteed.

Potential for Higher Returns: Customers can unlock even higher interest rates by meeting additional criteria, maximizing the growth potential of their savings.

Upfront Interest Payment: Customers can receive their interest earnings at the beginning of the term, even before the fixed deposit matures.

Whether you intend to save for future expenses or you are aiming to build long-term financial security, Advans fixed deposit accounts offers attractive rates, financial stability, and predictable earnings to help you reach your financial goals faster. Call 07000238267 or WhatsApp 08151770000 or visit our website to learn more