Fixed Deposit Accounts
Earn Higher Returns on Your Savings – Guaranteed
Grow your money safely with WDPCU’s Fixed Deposit Accounts, offering competitive interest rates (up to 12% p.a.) for members who can set aside funds for a fixed period. Perfect for medium-to-long-term financial goals!
Why Choose a WDPCU Fixed Deposit?
Key Benefits
💰 Higher Interest Rates – Earn 2-3x more than regular savings
🛡️ Zero Risk – Principal + interest fully guaranteed
📅 Flexible Terms – From 30 days to 5 years
💵 Interest Options – Monthly, quarterly or at maturity
Fixed Deposit Options
| Term | Interest Rate | Minimum Deposit | Best For |
|---|---|---|---|
| 30-90 Days | 5% p.a. | ¢500 | Short-term parking |
| 6 Months | 8% p.a. | ¢1,000 | Half-year goals |
| 1 Year | 10% p.a. | ¢2,000 | Education/Tax payments |
| 2-3 Years | 11% p.a. | ¢5,000 | Property/Vehicle funds |
| 4-5 Years | 12% p.a. | ¢10,000 | Retirement/Wealth building |
How It Works
1. Open Your Deposit
● In Branch: Visit with ID + deposit amount
● Online: Transfer from existing WDPCU account
2. Choose Your Preferences
✔ Interest Payout: Monthly (income) or Compound (at maturity)
✔ Auto-Renewal: Optional automatic rollover
3. Earn Stress-Free
💳 Certificate issued immediately
📱 Track maturity dates via mobile banking
Special Features
🔹 Partial Withdrawals Available (With notice, for emergencies)
🔹 Loan Against Deposit (Up to 90% of value at low rates)
🔹 Joint Account Options
🔹 Corporate Fixed Deposits (For businesses & associations)
Who Should Invest?
✅ Conservative savers wanting guaranteed returns
✅ Planning for major expenses (school fees, property)
✅ Retirees needing regular interest income
✅ Businesses with idle cash reserves
Fixed Deposit vs. Regular Savings
| Factor | Fixed Deposit | Regular Savings |
|---|---|---|
| Interest | 5-12% | 2.5% |
| Access | Term-bound | Anytime |
| Risk | None | None |
| Best Use | Future goals | Daily needs |
FAQ
Q: Can I withdraw early in an emergency?
A: Yes, with 7 days notice and small penalty.
Q: How is interest calculated?
A: Daily compounding on the principal amount.
Q: Are there tax implications?
A: Interest is tax-free up to ¢3,000/year per depositor.
Q: Can I add to my deposit later?
A: No, but you can open multiple deposits.