Citadel Fixed Income Note – Term Deposit Product

CITADEL Target Savings is designed to encourage clients to have saving culture to enhance their future net worth such that investor keeps part of his/her income in savings for a target purpose on periodic basis such as weekly, monthly, quarterly, biannually or yearly. Throughout the duration of the investment, it earns interest income to mitigate future inflation effect. The product attracts interest income for the investor at a predetermined rate.

Product Objective:   Capital preservation and growth to meet future financial needs.
Minimum Tenor: One year
Minimum Investment: 500.00Ls

Applicable Rate: Central Bank of Sierra Leone advised bank’s savings interest rate + 2%pa subject to review and according to market dictates (Negotiable)

Product Benefits:

• Ease of saving culture; periodic payment
• It earns Interest income
• Lump sum payment at maturity
• Access to periodic investment position
• Predictability of investment maturity sum
• Can be used as security for borrowing purpose with CAML
• Maturity date is predetermined