A fixed deposit account is an investment account and a type of savings account in which money is deposited for a stated period of time and a fixed interest rate is paid at the end of that period.

It is a safer investment option when compared to other investment types such as shares or the money market. Opening a fixed deposit account is both quick and easy and all you have to do is to deposit money into the account for a given period of time, for it to earn interest for you.

Deposit rates vary greatly from time to time and within each institution. At Cleere Life & Pensions we can provide impartial advice on the most suitable deposit options, available at any time.

What are the benefits of a deposit account?

• You are assured of returns for your investment
• It’s easy to access your money when you need it.
• You get to choose how long you want to invest your money in a fixed deposit account ranging from 30 days to ten years.
• It’s an easy way to save for a short to medium term goal.
• Most institutions are covered by a Government deposit guarantee.