Fixed Deposits at CIDAN have a minimum tenure of 3 months or 91 days with specific initial amounts of investments. The interest earned on the investment is usually benchmarked to the Bank of Ghana Treasury Bill rates plus a risk assessed premium. The following are categories and features of the fixed deposit investment products:
CIDAN Diamond Investment Account is designed for individuals and corporate clients with excess cash flows. This product attracts the highest possible negotiable rate that CIDAN offers. This category of clients may start with a minimum initial investment deposit of GH¢10,000.00 for a minimum tenure of 91 days and any amount thereafter.
CIDAN Gold Investment Account is a unique investment product for High Level Executives and Managers of companies interested in high yielding instruments and safety of their funds. Such clients may make a minimum initial investment deposit of GH¢ 5,000.00 for a minimum term of 91 Days. This product has very generous negotiable rates.
CIDAN Silver Investment Account is targeted at investors in the middle class of the economy who have not cultivated the habit of investment savings and who desire a dynamic and flexible investment account. This class of clients may make an initial minimum investment deposit of GH¢2,000.00 fora minimum tenure of 91 days, and any amount thereafter. Clients enjoy very attractive negotiable rates.
CIDAN Bronze Investment Account is design for low income earners as well as Parents/Guardians who want to save for their children. Clients may open such an investment account in-trust of dependant with a minimum deposit of GH¢500.00 for a minimum tenure of 182 Days. Clients are offered very competitive rates.
This account is designed to support religious organizations and societies within churches who want competitive rates for their savings. Such organisations may make an initial minimum investment deposit of GH¢2,000.00 and any amount thereafter. Such funds can be redeemed at any time when needed for church activities. Account holders would earn interest at very competitive rates. Groups, associations or societies within the church may open an account with a minimum of GH¢500.00 and would be able to redeem once every month for group/association/society activities.
This is designed for any regular income earner who wants to make special savings towards the payment of their children's school fees. It offers parents the opportunity to save and earn high interest. The client is required to make minimum investment deposit of GH¢50.00 and thereafter not less than GH¢20.00 daily/weekly (weekends excluded) for 91 days before redemption. Such accounts attract very competitive interest rates.
This is targeted at traders and business owners who want to inject more capital into their businesses and to increase revenue. The client is required to make a daily minimum investment deposit of GH¢30.00 and maximum of 10% withdrawal allowable per month if FD interest is to be earned. Deposits would attract very competitive interest rates. Clients would also enjoy free business advice and an Agent would be assigned to collect the daily deposits at the convenience of the client. There is financial credit facilities attached to this product.
These are savings towards a business idea in mind. These savings are designed to provide working capital for businesses and start-ups. Clients are required to make a weekly minimum deposit of GH₵50.00 and based on the deposit consistency financial credit facilities would be made available to clients, while deposits yield high competitive interest. Clients would enjoy free entrepreneurial guidance and advice.
CORE Benefits of CIDAN Capital Investment Products