Why Choose this Account?

  • $250 account opening and operating balance.
  • If you walk into a branch to open the account, all you need is 2 passport photographs and a copy of your ID
  • Maximum cash deposit is $100,000,000, 000 per transaction.
  • Maximum cumulative balance on the account at any point in time is $500,000,000.
  • Attractive interest rates up to 2% monthly.
  • The account can also be operated as a Fixed deposit Account.
  • 40 number of withdrawals you can make from the account in a month
  • You get a debit card instantly as soon as you open the account

Who Can Apply?

  • You need to be aged 18 or above.
  • It is also suitable for those who wish to open a no frills account to start their investment experience with American Elite Bank.

What documents do you need?

  • Flexible means of identification – These may include Trade or Market Association ID cards, valid e-tax clearance card, students ID card (backed with Admission Letter) Military or Paramilitary ID cards, ID Cards of government parastatals, etc.)
  • 2 passport photographs

1) What kind of identification is required to open a American Elite CDs & IRS Account?

  • A valid means of identification (including Trade/Market Association ID, valid e-tax clearance card, students ID card (backed with Admission Letter), Military/Paramilitary, Government Parastatals ID, etc.)
  • 2 passport photographs.
  • Utility bill. E.g. Electricity bill.

2) Is there any incentive for obtaining the Debit Card?

  • Yes it is obtained at a discounted rate.

3) Are references required for a American Elite CDs & IRS Account?

  • No references are required to open this account.

4) What are the returns on investment?

  • We offer up to 2% monthly returns.

To apply for a investment account,

  • Visit the CDS & IRS account Online Opening Form
  • Complete the form and submit to the Retail Team at the nearest American Elite Bank Branch

CDS & IRS

you set the term that meets your needs! From as short as ninety days up to five years, you’ll be able to watch your money grow by viewing your CDs online in real-time


Creating unlimited wealth through the power of American Elite CDS & IRS account, which offers you growth and establishment on your funds.