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    fixed-term savings plan (single deposit option)

    Invest for 6 – 60 months, R20 million maximum investment with a minimum balance of R10 000.

    How it works

    • You choose how long you want to invest for (from 6 – 60 months)
    • You deposit a single amount up to a maximum of R20 million to invest over the term you choose
    • Earn from 6.9% – 9.4% (nominal interest rate)

    Benefits

    The benefits of the fixed-term savings plan:

    • Reinvest the interest or transfer it to your transaction/savings account
    • Interest rate fixed for the full term
    • Money available on the maturity date
    • After maturity, the account will become a flexible savings plan, which you can refix
    • No monthly admin fee

    Interest rates


    Term (Months)

    R10 000

    – R24 999
    R25 000

    – R99 999

    R100 000+
    Nominal Effective Nominal Effective Nominal Effective
     6

    6.90%

    7.12%

    6.95%

    7.18%

    7.15%

    7.39%

     7 – 12

    7.20%

    7.44%

    7.60%

    7.87%

    7.65%

    7.92%

    13 – 18

    7.40%

    7.66%

    7.85%

    8.14%

    8.00%

    8.30%

    19 – 24

    7.90%

    8.19%

    8.20%

    8.52%

    8.50%

    8.84%

    25 – 36

    8.00%

    8.30%

    8.40%

    8.73%

    8.80%

    9.16%

    37 – 48

    8.05%

    8.35%

    8.60%

    8.95%

    9.10%

    9.49%

    49 – 60

    8.50%

    8.84%

    8.65%

    9.00%

    9.40%

    9.82%

    content

    The nominal rate is when the interest from your fixed deposit account is paid out every month, and not reinvested. The effective rate is higher because you earn interest on the interest that is reinvested in your fixed deposit account.