Certificate of Deposit (Fixed Deposits)
This operates as a short-term investment which range from 30 days to 90 days tenor. These are suitable for members who are seeking income on a periodic basis. Rates will not change on this investment until there is a maturity. Rates are competitive to what is offered on the market. Early encashment will result in a penalty of a percentage of the interest accrued at the time of encashment.