In a fixed deposit, you put a lump sum in your bank for a fixed tenure at an agreed rate of interest. At the end of the tenure, you receive the amount you have invested plus compound interest. .Our Fixed Deposit Account is an investment account and a type of savings account where deposits are made for a specified period. The account attracts higher interest rates than savings accounts. You need to secure your future, you want to maximise the growth potential of your savings, without taking any risks, Open a Crossline Capital Bank Fixed Deposit to help you grow your savings over the long term with guaranteed returns. The deposited funds must remain in the account for the fixed term to receive the stated interest rate. Time deposits are an alternative to the standard savings account, and will usually pay a higher rate of interest.

As with all our financial products, fixed deposits – whether short, medium or long-term – offer a high degree of investment certainty to our astute customers. Our termed deposits can either be re-invested or paid to the customer with the earned interest at the agreed amount of time. Interest earned can also be paid monthly, quarterly, annually or upfront. On maturity, you could choose to reinvest interest earned back into your term deposit or transfer it to your nominated account. Should you choose to, there is partial maturity if you want to invest in other financial products and, our interest rates are competitive. There are no hidden fees or charges and we give investment advice about the status of your deposits as well as your available funds for reinvestment at maturity.

“Risk free returns on your investment”Fixed deposits offer attractive interest rates and runs for a pre-defined tenor. So you can invest your money and know exactly what you will receive at maturity."

Features & Benefits

A Fixed/Tenured Deposit is a tenured investment account with a specific amount invested at an agreed interest rate and tenure. At the end of the agreed period (tenure), and based on your instructions, the investment can either be re-invested or returned to you with the interest amount earned.
The tenure is usually 30 days minimum, or 180 days maximum.
Our Fixed/Tenured account also gives you access to all our various electronic channels at no extra cost.
No annual maintenance fee.
Attractive Rates.
Offers the flexibility and convenience to choose a convenient maturity date.
Offers risk free return on investment.
Interest rate guaranteed for fixed tenor of your deposit.

Interest rates

Interest rates on FDs are fixed when you open the deposit and the rate depends on the term that you wish to hold it for. Crossline Capital Bank recently (April 2018) increased the interest rate on its Fixed Deposits of certain tenures by 1%. Visit the Crossline Bank website to view the latest FD interest rates.

Secure investment

A fixed deposit offers guaranteed returns. Unlike market-led investments where returns fluctuate over time, the returns on an FD are fixed when you open the account. Even if interest rates fall after you open a fixed deposit, you will continue to receive the interest decided at the start. FDs are considered much safer than investments in other assets like equity.

Return on investment

Your return on an FD will depend on the interest rate and the type of deposit you choose. You can opt for a monthly or quarterly pay-out of interest or the reinvestment option, which will give you the benefit of compounding. Check the Crossline Capital Bank FD Calculator to calculate your return on investment.

Flexible Tenures

Crossline Capital Bankoffers Fixed Deposit in flexible tenures ranging from 7 days to 10 years.
Loan against FD

While FDs are fixed for an agreed tenure, you can take a loan against it when you need funds. Crossline Capital Bank offers loans against FD in the form of an overdraft, and you can get up to 90% of your FD amount. The benefit is that your FD continues to earn interest, you don’t have to prematurely withdraw your FD, and end up paying a penalty.