A fixed deposit account or term deposit is a type of a saving in which the account holds a specific amount of money for a specified duration i.e. 1 month, 2 months or longer at a pre- agreed interest rate with the bank. The account owner is not expected to make drawings during the duration of the contract (unless it is a call account) until maturity date otherwise they could lose their interest. At the expiry or maturity of the contract the customer can re-invest the monies; increase and re-invest or draw their funds inclusive of the interest. A call account can be liquidated at a short notice to the bank.

 

Features

  • Preferential interest rates depending on duration and amount

  • Maturity duration of as few as 7 days to a year or more

  • No application fees

  • The fixed deposit can be used as collateral  for a loan

     

Requirements

  • Instructions to transfer funds from  source account

  • Minimum placing of Rwf 30,000

 

  Download Application for Opening/ Modifying/ Closing Account 

  Download Application for Opening Account for Diaspora Clients

Equity Price List

11-12-17 CLOSING HIGH LOW
BOK 295 295 295
BRL 150 150 150
NMG 1200 --- ---
KCB 340 --- ---
USL 104 --- ---
EQTY 350 --- ---
CTL 67 67 67

View More Details

Exchange Rates

11-12-17  BUYING  SELLING
USD 845.5000 861.0000
EUR

965.0000

1050.0000
GBP 1115.0000 1180.0000

View More Details

Contact Us

BK SWIFT CODE : BKIGRWRW

KN4 Ave No12 Plot No 790
P.O. Box 175, Kigali, Rwanda

Find a branch near you

Call Center

Local: Phone 4455 

International: Phone+250-788143000

email bk@bk.rwThis email address is being protected from spambots. You need JavaScript enabled to view it. , Send us a message
web www.bk.rw

Subscribe to Weekly Market Update