Zenith Bank Sierra Leone Investments

By | June 18, 2021

Zenith Bank Sierra Leone Investments

Zenith Bank Sierra Leone Investments: In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will be sold at a higher price for a profit.

How is the future looking?

Keeping a keen eye on the future and taking action to protect it is a great way to achieve your medium to longer-term financial goals. It could be building a nest egg for retirement or a targeted investment for Junior’s education, our range of investment options can enable you attain your personal or business investment objectives.

Fixed Deposit

A short term investment at an agreed/fixed rate with a tenor of between 30-365 days. We offer competitive interest rates based on money market realities on this short – term money market product for customers who would want to save towards future projects


  • Minimum deposit of Le1,000,000.00
  • Earns higher interest than call deposit
  • In the event of a partial or full Liquidation before maturity, the interest rate would be automatically reversed to our prevailing call rate effective from value date, after which this contract would be terminated and become void
  • Accrued interest is subject to 15% withholding tax upon maturity.

Call Deposits

This is a short-term investment with no maturity period. Interest rates offered are in line with money market realities. It is flexible in that it allows the customer access to his funds at any time. Idle funds can be placed on overnight call, 7-day call or 14-day call.


  • Minimum deposit of Le1,000,000.00
  • Easily accessible with 24 hours’ notice without penalty
  • Accrued interest is subject to 15% withholding tax at termination.

Treasury Bills Investment

This is a government guaranteed debt instruments issued by the Bank of Sierra Leone on behalf of Government to finance short-term expenditure.


  • Available upon new issue of a Treasury bill
  • Tenors are 91, 182, or 364 days.
  • Confirmation certificate will be issued a day after the bid.
  • Discountable at Zenith Bank.
  • Customers are expected to bid or state their rates on application.


Sierra Leone’s banking system is overseen by its central bank, the Bank of Sierra Leone and twelve commercial banks operate in the country.

All commercial banks are headquartered in Freetown. Accounts can be held in foreign and domestic currencies. While automatic teller machines are available in Freetown and other parts of the country, credit cards are not widely accepted. Transfers of over US$10,000 in value must be sent through the banking system with the objective of ensuring transparency.

Banks cannot lend in foreign currencies, which is a limitation on local business expansion. This can in turn impact the supply chains of large foreign-run businesses.

Currency can be freely converted in Sierra Leone, subject to availability. The Leone is not pegged to a foreign currency and has a floating exchange rate. The Leone has been subject to depreciation since mid-2014 due to declining inflows from the mining sector and, from mid-2015 onwards, a winding-down of Ebola-related donor inflows. Accordingly, the official US$/SLL exchange rate has moved from approximately Le 4,310 in August 2014 to approximately Le 8,600 in February 2019. Typically the US dollar trades in the unofficial, parallel currency market at a premium of 5-10% to the official exchange rate. The continued dollarization of the economy affects the exchange rate.


This is a list of commercial banks in Sierra Leone



Commercial banks

Sierra Leone Commercial Bank (SLCB)

Standard Chartered Bank (Sierra Leone)

Rokel Commercial Bank

Guaranty Trust Bank (Sierra Leone)

Union Trust Bank

First International Bank

FBN Bank Sierra Leone, formerly International Commercial Bank

Access Bank Sierra Leone

Ecobank Sierra Leone

Skye Bank Sierra Leone

United Bank for Africa (UBA) Sierra Leone Main Page

Zenith Bank Sierra Leone

Keystone Bank Sierra Leone

Bank of Sierra Leone


Community banks

Mattru Community Bank

Segbwema Community Bank

Yoni Community Bank

Leave a Reply

Your email address will not be published. Required fields are marked *