Do you want to know what Calbank investment plus account is about? Well, then this guide is what you need. In this guide, we will serve you all you need to know about the Calbank investment plus in Ghana.
This financial instrument is among the many investment accounts offered by CalBank in Ghana.
It is a unique investment because of the high benefits it is underlined with.
The Calbank investment plus is designed for both individuals and groups.
The Calbank investment plus is a short-term investment that can be purchased by any customer of Calbank.
Its initial minimum deposit is not high and has a maturity period of one (1) to twelve (12) months.
Individuals and corporates that purchase the Calbank InvestPlus can make withdrawals at any time and also can discount investment before the maturity period without being charged any penalty.
Its interest rate is not low, and it offers a profitable interest rate depending on the deposit amount and the period of investment.
What Is CalBank Investment Plus
This is an investment package available at Calbank to all customers.
It offers high benefits and flexibility to address financial needs.
It can be purchased by only individuals or groups with an active account with any of their branches in Ghana.
Requirements To Open Investment Plus Account
The following are what you need to purchase a Cal bank investplus account in Ghana:
1. You should have a CalBank account
2. The initial minimum deposit of GHS50.00
3. A passport-sized photograph
How Can I Open CalBank Investment Plus Account
Follow the steps below to open this type of investment account with CalBank in Ghana:
1. Visit any Calbank branch nearby
2. Ask to be directed to the customer service unit.
3. Wait till it reaches your turn if someone is already being attended to
4. Request to purchase Calbank investment plus from the agent
5. You will be briefed about the financial instrument. Make sure to ask any questions regarding it.
6. Fill the investment account opening form.
7. Submit the form to the agent to proceed with the process
8. Pay the initial minimum deposit to activate the account to start earning interest.
9. The investment document will be given to you if it is ready or later.
How Much Do I Need To Open CalBank Investment Plus
GHS50.00 is the minimum amount required to open Cal Bank Invest Plus at any of their branches in Ghana.
With the initial minimum deposit, interest will be paid to the account.
You can deposit as much as you want as there is no deposit limit for the account.
How Long Can Purchase InvestPlus Account
The duration for the CalBank Investment Plus Account does not go beyond twelve (12) months. It has a minimum period of one (1) month and a maximum of twelve (12) months.
Can I Rollover InvestPlus Upon Maturity
Yes, you can roll over your CalBank investplus at the end of its maturity period.
To do this, you will need to send notice to the appropriate authority at the bank before it matures.
What Is CalBank Investment Plus Interest Rate
The interest rate for this financial instrument is tiered.
This means the interest rate is calculated depending on how much you invested and how long you invested. Cal Bank investplus has interest rates for selling and buying, respectively.
The selling rate per annum ranges from 10.5% to 13.5% of the invested amount.
The buying rate per annum ranges from 5.5% to 8.85% of the amount invested.
This interest rate is not fixed. It can change depending on the local market condition.
Can I Disinvest Investment Plus
Yes, you can disinvest the account before its maturity period.
To do this, you will need to notify the appropriate authorities to initiate it for you.
What Is The Penalty For Disinvesting InvestPlus
There is no fee as a penalty when you close down the CalBank Invest Plus Account before its maturity period.
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