Treasury Term Deposit Accounts

  • These are normal term deposit accounts with an added advantage of higher or negotiated interest rates. The applicable rates on these deposits are linked to Government Securities.
  • The tenors for treasury deposit accounts are flexible (7 to 365 days). Here the customer determines the tenors.
  • The accounts are domiciled and managed by Treasury Department Head Office.
  • Minimum Investment amount is K100 million.
  • Income on treasury deposits is subject to Withholding Tax of 15% and 1% medical levy.
  • No handling fees are charged on treasury term deposits.

 

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