Cal bank is one of the commercial financial institutions in Ghana founded in July 1990 and is headquartered in 23 Independence Avenue, Accra, Ghana. it has given licensed by the Bank of Ghana, the central bank and national banking regulator to operate as a financial institution.
In this post, I will take you through the various investment packages at Cal bank and many other relevant information you need to know. why do we need to invest? we invest for future use, Investment is the dedication of an asset to attain an increase in value over a period of time.
For in instance you keep your money in a Bank’s investment package to yield interest per the agreement sign. You can be earning a percentage of your money every three month, six month or per annum depending on your choice of investment.
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CAL BANK INVESTMENT PACKAGES
CAL BANK INVESTPLUS ACCOUNT
This is a unique investment tailored with underlying high benefits and flexibility to address the need of individual clients. It is ideal for funds that may be needed within a short period. The investment can hence be withdrawn at any time without any penalty.
WHAT YOU GET
- Free withdrawal of part or the entire amount
- Very low initial investment amount to start
- Can be used as security to apply for a loan
- Flexible investment and maturity periods (Maturity period ranges from one (1) to twelve (12) months)
- Optimum returns through competitive tiered interest payments
- Ability to discount investment before the maturity date without any penalty
WHO QUALIFIES
- Offered to both corporate and individual clients
REQUIREMENT
- The initial amount to start the investment is GH¢ 50.00
- You need to be an account holder
FIXED INCOME SECURITIES
A fixed income security is an investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. Payments of a fixed-income security are known in advance.
WHAT YOU GET
- By investing in Fixed income securities through Cal Bank, you are guaranteed continuous stream of cash flows in the form of coupon/interest payments at an attractive interest rate in addition to the full payment of the face value on maturity
- The securities can appreciate in value and offer more stability of principal than other investments
- These investment instruments are relatively low-risk investments offering very attractive returns.
- Furthermore, you need not hold the securities bought from Cal Bank until maturity. You could sell them to other investors on the secondary market for cash
- Investing in these instruments offer you an opportunity to diversify your investment portfolio no matter your financial objective
WHO QUALIFIES
- Anyone above 18years can buy fixed income securities. However, one can buy fixed income securities for a minor and hold it in trust for him or her. It can also be held in trust for family members, friends or organizations.
REQUIREMENT
Individual client
- KYC document
- Valid National ID (Voter’s ID, Passport, Drivers Licence and Ghana Card)
- Passport size photo
Student
- KYC document
- Valid National ID (Voter’s ID, Passport, Drivers Licence and Ghana Card)
- Passport size photo
Minor
- KYC document of minor
- KYC document of parent or guardian
- Birth certificate or Passport
- Valid National ID of parent or Guardian
- Passport size photo of minor
- Passport size photo of parent or guardian
CAL BANK SUPER SAVE ACCOUNT
This is a special investment product designed to address clients’ investment needs. It is a money market product that offers superior returns to clients, usually above prevailing savings rates.
WHAT YOU GET
Cal Bank Super Save is a high interest yielding investment with tenors ranging between three (3), Six (6) and Twelve (12) months
- There is automatic roll-over of investments at the prevailing rate unless otherwise instructed by the client
- Clients can discount their investments at any time before maturity
- Flexible and diverse investment maturity options
WHO QUALIFIES
- You will need to be an account holder
REQUIREMENT
- Completion and Submission of Super Save Application form.
FIXED DEPOSIT ACCOUNT
This is a high interest-bearing investment instrument specially offered to both corporate and individual clients. It is a safe and flexible form of investment. Withdrawals can be made before maturity but it will attract a discount rate.
OFFER DETAILS
- Maturity period and investment amount determines the payable interest rates
- Maturity period of three (3), six (6) and twelve (12) months
- Notice is needed for disinvestment before maturity
- The investment can be used as security for a loan
- Competitive and negotiable interests for funds above certain limit
WHO QUALIFIES
- You will need to be an account holder
REQUIEMENT
- Completion and Submission of Fixed Deposit Application form
- The initial amount to start the investment is GH¢ 5,000.00
TREASURY BILLS
A Treasury bill (T-Bills) is a short-term investment product (from 91 to 365 days) backed by the Bank of Ghana on behalf of the Government. Treasury bills are one of the safest forms of investment because they are backed by the Ghana Government and are considered risk-free.
DETAILS
- Treasury bills are risk free
- You may roll over both the principal and interest or continue with the investment (roll over the principal) and take your interest
- Treasury Bills can easily be converted into cash.
- No applicable transactions cost
- T-Bills can be used as collateral to access loan from the Bank
- There is no limit to how much one can buy. It depends on how much you are willing and able to buy
WHO IS ELIGIBLE
- Anyone above 18 years can buy treasury bills. However, you can buy T-Bills for a minor and hold it in trust for him or her. It can also be held in trust for family members, friends or organizations.
REQUIREMENT
- A Valid National ID
- Completion and Submission of Treasury Bill Application form
- A minimum of GH¢ 100.00
READ MORE
HOW TO APPLY FOR LOAN AT SIC LIFE SAVINGS AND LOANS
HOW TO APPLY FOR LENDING PAPA LOANS
STANBIC BANK INVESTMENT PACKAGES
