Save

Fixed-Term Savings plan (single deposit option)

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

How it works

  • You choose how long you want to invest (6 – 60 months)
  • Deposit a single amount up to a maximum of R20 million to invest over the term you choose
  • Minimum deposit amount of R10 000
  • Earn up to 8.55% interest (nominal interest rate)

Benefits

The benefits of our fixed-term savings plans:

  • Reinvest the interest or transfer it to your main savings account
  • Interest rate fixed for the full term
  • Money available on the maturity date
  • After maturity, the account becomes 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+

 NominalEffectiveNominalEffectiveNominalEffective
66.90%7.12%7.00%7.23%7.15%7.39%
7 -97.00%7.23%7.10%7.34%7.20%7.44%
10 -127.20%7.44%7.50%7.76%7.65%7.92%
13 - 187.25%7.50%7.75%8.03%7.80%8.08%
19 - 247.30%7.55%7.80%8.08%7.85%8.14%
25 - 367.55%7.82%7.95%8.25%8.00%8.30%
37 - 487.70%7.98%8.00%8.30%8.10%8.41%
49 - 607.90%8.19%8.50%8.84%8.55%8.89%
R10 000 - R24 999
 NominalEffective
66.90%7.12%
7 -97.00%7.23%
10 -127.20%7.44%
13 - 187.25%7.50%
19 - 247.30%7.55%
25 - 367.55%7.82%
37 - 487.70%7.98%
49 - 607.90%8.19%
R25 000 - R99 999
 NominalEffective
67.00%7.23%
7 -97.10%7.34%
10 -127.50%7.76%
13 - 187.75%8.03%
19 - 247.80%8.08%
25 - 367.95%8.25%
37 - 488.00%8.30%
49 - 608.50%8.84%
R100 000+
 NominalEffective
67.15%7.39%
7 -97.20%7.44%
10 -127.65%7.92%
13 - 187.80%8.08%
19 - 247.85%8.14%
25 - 368.00%8.30%
37 - 488.10%8.41%
49 - 608.55%8.89%

The nominal interest rate is used to calculate the daily interest earned on your account balance, which accumulates until it is capitalised on an agreed date every month. The interest is then either reinvested or transferred to your savings account.

The effective annual interest rate is calculated by taking into account the fact that interest is earned on capitalised interest over a period 12 months.



savings calculator

Share this tool with friends

savings calculator

Share this tool with friends

savings calculator

Share this tool with friends

first steps to buying a home

first steps to buying a home

Buying your own home is a long-term investment and can bevery exciting. Whether you are looking to buy a piece of land to build on, a flat or house to live in, investing in property can be expensive. So, you need to be sure you can afford the monthly repayment and are aware of possible additional costs.

Read More
final steps to buying your car

final steps to buying your car

If you decide to take credit to pay for your car, aim to pay it off as quickly as possible. The longer you take to pay back the loan, the more interest you’ll pay. Here are some important car budgeting tips.

Read More