FAQ: Can anyone open a Fixed Deposit?

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Most people can. If you are able to meet the initial minimum requirements of the company you are wanting an account with, then you can open the account. Some banks will only allow you to open a Fixed Deposit account if you open the account with a certain amount of money.‚Äč

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Fincheck is a financial comparisons website that organises information to assist the borrower in making their best financial decision.

Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.