The FICS Growth Fund is a short to medium-term flexible facility which guarantees the public rising interest rates for up to five years. This fund allows customers to:
Earn very attractive rates depending upon the amount invested
Withdraw funds before five years without the loss of earned yearly interest
Withdraw interest annually
Terms and Conditions
No interest is payable if the funds are withdrawn within the first six months.
If funds are withdrawn after six months, but before the first year, the interest rate payable shall be at the discretion of FICS.
If funds are withdrawn at the first anniversary date, the interest payable will be equivalent to the rate payable on a one year fixed deposit.
If funds are withdrawn after the first anniversary date, but before s subsequent anniversary date, the interest rate shall be equivalent to that applicable for a fixed deposit.
If the withdrawal is made on an anniversary date from year 3, the interest payable shall be as indicated on the certificate.
The applicable interest shall be calculated annually on the original investment.