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Personal Accounts

Telea Fixed Deposit Account

An investment account that allows a customer to invest a sum of funds once off, for a specified investment period. The investment attracts a very competitive interest rate.

Why This Account?

Understanding all details around this account will help you decide if this is the right account for you.

Benefits

  • Minimum opening balance of M 1000.00
  • Investment terms from 3 – 60 months
  • Interest accrued daily and liquidated at maturity
  • Funds may be pledged as collateral
  • Interest rate is above inflation from 12 months onwards, and the longer the investment, the higher the rate
  • No additional funds can be deposited into the account
  • Customer may not withdraw any funds during the life of investment. Pre-termination of investment may attract charges

MINIMUM REQUIREMENTS

Businesses
  • Personal documents for all signatories (Proof of residence and Id’s/passports)
  • Tax clearance
  • Traders license
  • Company Extract
  • Certificate of incorporation
  • Resolution letter to open an account
Individuals
  • Valid identity document (National ID/Passport)
  • Proof of residence
  • Proof of income
Organizations
  • Personal documents for all signatories (Proof of residence and Id’s/passports)
  • Constitution
  • Resolution letter to open an account

Ready to get started?

Regularly Update Your Personal Details

Use Your Account Without Restrictions

As part of the country’s fight against money laundering and financing of terrorism, we are required by law to keep updated personal records of our existing clients. Visit the nearest Lesotho PostBank branch with your valid identity document, proof of residence, and proof of income if have not updated your documents in the last 24 months.