In an economic climate where liquidity pressures and shifting market conditions continue to challenge business planning, small and medium enterprises (SMEs) are increasingly seeking financial tools that balance security, flexibility, and attractive returns.
Equity Bank’s Fixed & Call Deposit Account is among the options that have gained traction among individual savers, businesses, and organisations looking to structure their funds for investment opportunities.
The account allows a wide range of customers, including SMEs, to set aside funds for a defined period while earning interest.
Equity Bank has set a minimum fixing amount of Sh50,000, a threshold that remains within reach for many growing enterprises and organised groups.
Customers can also choose a minimum investment period of one month, offering flexibility for those who may not want to lock away funds for extended durations.
A key attraction of the account is the ability for customers to negotiate interest rates, a feature that appeals to businesses seeking better returns depending on deposit size and duration.
While fixed deposit products are traditionally associated with strict lock-in periods, Equity Bank’s account provides an option for premature withdrawal of deposits.
This flexibility may be particularly relevant for SMEs whose cash flow requirements can change unexpectedly due to supply chain disruptions, delayed payments, or emerging business opportunities.
One of the most strategic advantages of the Fixed & Call Deposit Account is its integration with credit facilities. Customers can access instant loans of up to 80 percent of their savings at discounted rates.
This structure allows depositors to maintain their investment while still obtaining short-term financing when necessary.
Additionally, investors can access loan facilities using the fixed deposit account as collateral, providing an alternative route to credit that can be attractive for businesses aiming to avoid disruptions to their investment plans.
Equity Bank further notes that customers may enjoy access to instant loans of up to 90 per cent of their savings, supported through a 24-hour contact line via 0763063000 and email support at [email protected].
Requirements and Application Process
To open the account, individuals applying singly or jointly are required to present an original identification document and a KRA PIN.
The sign-up process is straightforward. Customers wishing to open this account are required to visit the nearest Equity Bank branch and present the required documents and complete the application form.
The bank processes the application, after which the customer places the deposit.
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