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Sterling Investment Accounts

Discounted Certificates of Deposit (NAIRA)

The Discounted Certificate of Deposit or DCD is a CD with long term duration that will be issued by Sterling Bank Plc. An investor who invests in a Discounted Certificate of Deposit pays the purchase price (i.e. discount value) on the purchase date. It is intended that the CD be held until maturity, at which time the holder will be repaid the Face value.

Features

  • Offers higher return than regular tenured deposits
  • Can be used to plan for Annuity payments at retirement
  • Can be operated as Trust Fund for kids and dependents
  • Can be used as collateral for loans
  • Can be used to accrue funds for future projects (Education, Home Purchase, New Business etc)
  • Easily transferrable to third parties
  • The longer the tenure, the higher the yield

Call Accounts

For people who want to earn competitive return on their transactional capital while enjoying the liberty to use the funds without penalty as at when needed

Features 

  • Flexible Terms
  • Opportunity to earn interest on funds.
  • Move funds to a transaction account as may be required.

Tenored Domiciliary Account

A foreign denominated account usually in USD, GBP and Euro

Features 

  • Attractive interest rate
  • Allows for offshore remittances eg School Fees Payment, Mortgage Payment, Medical Bills etc
  • Free Internet Banking facility eg SMS alert, Online Statement etc

Others

Features 

  • Mutual Funds
  • Properties
  • Equities
  • Government Treasury Bills and Bonds

Investment Products

With our highly credible team of professionals with proven track records on investment management and performance, we offer you investments with satisfaction...

Discounted Certificates of Deposit (DOLLAR)

What is a Discounted Certificate of Deposit?

A medium to long term investment in a security issued by Sterling Bank Plc. DCD is similar to a savings account in that it is insured and thus risk-free. It differs from savings accounts because of its fixed tenor and rate of return.

The note is issued for a tenor of five years with yields of up to 8% p.a. investors in the note pay a discounted value and will receive a bullet payment at maturity for the full face value of the note.

By investing in the DCD, you can grow your dollar savings by over 40% in five years

Your investment returns will be over 3 times higher than U.S Treasury yields and bank deposits

  

Benefits

  • Offers higher returns than regular deposits
  • Multiple investments permmissible and can run concurrently
  • A fantastic product for saving towards future school fee obligations, home ownership and vacation.
  • Can be used to plan for annuity payments at retirement
  • It is an ideal product for saving towards future projects
  • Can be operated as a trust fund for children an dependants
  • Transferable to third parties
  • Can be used as a collateral for either Naira or Dollar facility
  • Annual liquidity window
  • Hedge against Naira devaluation
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