What is a Preferred Finance Fixed Deposit?

Preferred Finance Fixed Deposit is a secure investment option where you deposit a lump sum of money for a fixed tenure and earn a predetermined interest rate. This rate remains constant throughout the investment period, providing guaranteed returns.

How do I open a Fixed Deposit account with Preferred Finance?

To open a Fixed Deposit account, you can visit our nearest branch or apply online through our website. You will need to provide necessary identification documents and complete the application form.

What is the minimum and maximum amount required to open a Fixed Deposit?

The minimum amount required to open a Fixed Deposit is ₦50,000.00 for individual and ₦2,000,000.00 for companies. There is typically no maximum limit, but larger deposits may be subject to additional verification and compliance checks.

What are the tenure options available for Fixed Deposits?

Preferred Finance offers flexible tenure options ranging from 180 days to several years. You can choose the tenure that best suits your financial goals.

Can I withdraw my Fixed Deposit before the maturity date?

Yes, you can withdraw your Fixed Deposit before the maturity date, but it may incur a penalty or reduced interest rate as per our premature withdrawal policy. It is advisable to check the specific terms before opting for early withdrawal.