Fixed Term Investment

Fixed Term Investment

Preserve your capital for the best yield

Investment Amount

Investment Amount

Min 100,000

Investment Tenure

Investment Tenure

Quarterly

Interest Rate

Interest Rate

Varies

Processing Time

Processing Time

Instant or Same Day

Tuck your money away safely for the best returns

This product encourages you to choose the tenure of your investment at a predetermined interest rate. The team at NOLT consistently seeks out opportunities for investment through meticulous research, locally and globally. The goal is to predict feasible financial results in the medium to long term.

The Fixed Investment Account is designed for individuals and businesses who want to earn interest on money they have put aside for a certain period of time.

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Frequently Asked Questions

What is a fixed term investment product?

A fixed term investment is a savings option which helps you earn interest on your money parked with NOLT Finance at periodic intervals either through simple or compounded interest on the principled amount. The rates of interest are typically higher than money parked in savings accounts owing to the fact that the money is locked in for a specific period and cannot be withdrawn at will of the depositor, except in certain scenarios in which customer is ready to bear the prematurity penalty

Who can invest in NOLT fixed term product?

Individuals, Companies, Body of Individuals, Associations of Persons, Societies, Trusts, Sole Proprietorships, Partnerships, Clubs, Schools, Universities, etc.

What do I need to qualify for Fixed Term Investment?

Fill out a KYC form and provide the required documents

Is there a minimum amount or tenure for a fixed term investment?

For a fixed term investment the minimum amount is N100,000. Tenures range quarterly from 3 months to 1 year.

If I choose to reinvest my term deposit at the end of the tenure, will the interest rate stay the same?

Not necessarily. The prevailing interest rate based on the tenure of the new deposit will apply.

Under what regulations are the fixed term investment accepted by NOLT governed?

CBN

Can I terminate my fixed term investment before the maturity date?

Yes you can but there are penalties for early closure.

What is the start date of interest on fixed term investment?

Interest begins on the working day the funds are received.

Will I get the fixed term investment receipt?

Yes, you will receive an investment certificate

Is fixed term investment transferable?

No it cannot be transferred

Will fixed term investment amounts be automatically credited in our account on the maturity date?

We will send an email two days before maturity to specify your withdrawal on amount instructions. Automatic rollover of the investment occurs if we can not reach you.

At what frequency will I receive interest on my fixed term investment?

Interest frequency depends on the fixed term investment plan.

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