Our Products

Fixed Deposit Account

This is an investment product operated by the bank. The bank holds funds on behalf of its interested customers; it then invests the money for the customers.  The duration for the investment is mostly three months, six months and one year.  It can be redeemed at the end of each of these months or it can also be rolled over on the request of the customer. The interest rates are mostly attractive and negotiable.

Savings Account

This is a product of the bank that attracts interest.  With this product, the customer is given a savings passbook where all transactions of the customer are recorded.  The customer is also given a savings withdrawal form for withdrawals.  The third party cannot withdraw on behalf of the customer unless a special arrangement is made with the Bank. This account attracts interest payable monthly and applied quarterly.

This account are mainly maintained by retail financial institutions that pay interest but cannot be used directly as money in the narrow sense of a medium of exchange (Eg. By writing a cheque). This account let customers set aside a portion of their liquid assets while earning a monetary return.  For the bank, money in a savings account may not be callable immediately and in some jurisdictions, does not incur a reserve requirement, freeing up cash from the bank’s vault to be lent out with interest.

Current Account

This account is mostly operated by corporate bodies, salaried earners, traders and some other individuals.  This account attracts service charges rendered by the Bank.  Customers enjoying this product are not restricted to the number of times a customer wants to withdraw during a day.  The current account does not attract any interest on deposits.   The product does not attract any commission on turnover (COT).

About us

Our vision: The vision of Asokore Rural Bank Limited is to be among the best five Rural Banks in Ghana.

Mission statement: Asokore Rural Bank’s mission is to provide quality, innovative, profitable and socially responsive financial products and services to its customers.

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