Fixed-term savings  

Benefits 

• Reinvest the interest or transfer it to your main savings account 
• The interest rate is fixed for the full term 
• Your money becomes available on the maturity date 
• After maturity, the account becomes a flexible savings plan, which you can refix 
• No monthly admin fee  

Single deposit fixed-term savings

• 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 9.50% interest (nominal interest rate)  

Single deposit interest rates 

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. 

Multiple deposit fixed-term savings 

• You choose how long you want to invest (6 – 60 months) 
• You decide how much and how often you would like to deposit, up to a total of R1 million 
• Earn up to 8.05% interest (nominal interest rate) 

Multiple deposit interest rates 

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.