Term deposit

Do you want to invest your money in the short term without taking any risks and at an advantageous rate?

BANK OF AFRICA's Term deposit offers you a flexible, risk-free investment with a guaranteed return. It is a short-term funds investment, in which money is blocked in your bank account for a pre-determined period of time, and remunerated at an interest rate set according to the chosen duration. At the end of the contract, you benefit from your savings increased by the expected interests.

4 key benefits

With the Term deposit, you'll have no surprises. You invest your money according to a duration and a remuneration fixed at the time of subscription, without any additional costs. You are free to choose the amount and the duration that suits you best, and you can even request an advance at any time.

Several durations offered that can be renewed
No subscription, management, or closing fees
The possibility to request an advance at any time
The possibility of subscribing to several term deposit contracts

Stay informed.

Any customer of BANK OF AFRICA, who holds a checking account in Dirhams, can subscribe to this investment.

At the end of the contract, you recover the invested capital plus interest which are automatically paid into your account. During the entire investment period, you can request an advance on the invested amount or even the complete closing of the term deposit. However, a penalty rate will be applied on the expected remuneration in this case.

Several renewable durations are offered: 1 month, 3 months, 6 months, 12 months or 24 months. You can choose the one that suits you best.