Plug Fixed Deposit products provide a secure, high-yield option for individuals and institutions looking to grow their capital with competitive interest rates and flexible terms. These offerings are designed to cater to various financial goals, with multiple tenure options, attractive returns, and transparent policies to support investor confidence..
Plug Microfinance Bank Ltd has a clear and investor-friendly liquidation policy, offering flexibility while safeguarding the investment structure.
Early Withdrawal Fee
a 20% fee on the accrued interest is applied if a client needs to liquidate their fixed deposit before maturity, offering a competitive advantage compared to the market-standard of 30% fee.
Policies for Early Liquidation
Clients can liquidate deposits early if needed, although the principal amount remains protected and unaffected by the liquidation fee.
Clear terms ensure transparency in fees and prevent any confusion regarding the impact of early withdrawal
Investment Security
Plug Microfinance Bank Limited is licensed by CBN and insured by NDIC
Seamless Management and Accessibility: Clients can manage their fixed deposits globally through our CRM platform, which allows them to view investment balances, request withdrawals, and review account performance from any location.
Post-Dated Checks and Insurance: For added security, post-dated checks and insurance options are available to guarantee deposit returns and reassure clients of investment protection.
Questions & Answers
Find answers to all your queries about our service.
Help You to Find
Can I speak to someone directly?
Yes. Call our emergency line at +234 805 736 2145 for immediate support.
How fast will I get a response?
Emergency requests are treated within 30 minutes during business hours, and updates are sent to ...
What should I do if my card is lost or stolen?
Immediately block your card through the app or website, or contact our emergency support team ...
How do I request a debit card?
After opening your PlugBank account, you can request a debit card via the app or ...
Do I need collateral to get a loan?
It depends on the loan type. Some loans require stock, property, or personal guarantees as ...