Do you want to invest with CalBank in Ghana? Then this guide is what you need. In today’s guide, we shall serve you with the various CalBank Ghana investment packages.
With customers as their number one asset, CalBank looks for ways to expand their business and look out for ways of maximizing its customers’ financial freedom, which will result in building Ghana as a whole.
The goal of financial freedom is at the core of their dealings with customers in Ghana, and because of that, it has come up with more than one investment packages for its customers.
These investment packages offered by Cal Bank in Ghana provide an all-inclusive financial platform. This means no matter your income, and you can start investing with any Cal Bank branch in Ghana and earn interest.
Cal Bank investment has feasible terms, marginal interest rate, and low to the medium, minimum initial deposit.
Table of Contents
CalBank Ghana Investment Packages
The following are some of the investment types available at Cal Bank in Ghana:
1.CalBank Investment Plus Account (CIP)
2. CalBank Super Save
3. Treasury Bills
4. Call Account
5. Home Invest Account
These give CalBank customers to save and increase their money with them. All Cal Bank investment packages have interest rates assigned to them.
Requirements To Purchase Investment With CalBank
The following are the requirements to get an investment with Cal Bank in Ghana:
1. Register an account with CalBank
2. Valid National identification card (e.g., Voter ID, Passport, Ghana Card, and Driver’s license )
3. A passport-sized photograph
4. A minimum amount for starting your investment
All the above-listed information are the general requirements for purchasing an investment with CalBank. Some investment type mat demand additional documents
CalBank Invest Plus Account
It is special investment packages characterized by high investment benefits and suitable to address emergency needs.
The Cal Bank InvestPlus Account is known to be the right investment for short-term financial needs.
To purchase the CalBank InvestPlus Account, you need first to have an account with Cal Bank. It attracts no fee if you want to withdraw partial or the whole amount.
Minimum Amount To Open CalBank InvestPlus Account
The minimum amount required to purchase (CIP) is GHS50.00, and it has a marginal initial requirement. With just GHS50.00 in your Cal Bank InvestPlus account, you start earning interest on your account.
Interest Rate On Cal Bank InvestPlus Account
The interest rate for the CalBank InvestPlus account is defined daily, and this means it can rise or fall depending on the local market condition. There is no fixed rate for (CIP) as of now.
The minimum interest rate starts at 10.5% and 5.5% for selling and buying respectively per annum, whiles the maximum rate starts at 13.85% for selling and buying, respectively. You can disinvest this package before maturity without any penalty.
I will urge you to make inquiries about the InvestPlus interest rate before purchasing. You can make inquiries by contacting Cal Bank Treasury on:
How Long Is CalBank InvestPlus Account
The maximum duration is twelve (12) months. In cases where you want to roll over, you will need to notify the appropriate authority before its maturity period.
Your deposit and additional interest are paid into your Calbank account at the end of the maturity period.
CalBank Super Save Account
This is a special Investment package to address clients’ economic needs. Its interest rate is above the interest rate for a regular savings account.
It offers its holders flexible and diverse maturity options, and the account can be automatically operated again after the maturity period, providing you do not end the investment plan.
CalBank Super Save Account Maximum Duration
Super save account has a maximum investment period of twelve (12) months. You can invest up to three (3) months, six (6) months, or up to a year.
Minimum Initial Deposit For Cal Bank Super Save Account
The minimum amount to start getting interest rate on Cal Bank super Save account is GHS1000.00 This means you cannot operate this investment product if your initial minimum balance falls below GHS1000.00.
Can CalBank Investment Be Purchased In Foreign Currency
No, Cal Bank investment packages cannot be purchased in foreign currency. The only currency which investment amount at Cal Bank in Ghana can operate with is Ghana cedi (GHS)