Term Save Fees and Interest

Term Save Fees and Interest

 
Fees with effect from 1st April 2017:

Replacement: Term Deposit Confirmation Advice

R35.00

The current interest rate on Term Save is tiered based on period of investment. Interest is calculated and credited to the customer’s card or book account monthly, or at maturity of the investment.

Interest with effect from 21 July 2017:

Term of Term Deposit

Interest Rate (% pa)

1 - 2 Months (Up to R10 000)

4.50%

1 - 2 Months (Above R10 000)

5.40%

3 Months (Up to R10 000)

4.85%

3 Months (Above R10 000

5.75%

4 Months (Up to R10 000)

5.20%

4 Months (Above R10 000)

6.10%

5 Months (Up to R10 000)

5.55%

5 Months (Above R10 000)

6.20%

6 Months (Up to R10 000)

5.90%

6 Months (Above R10 000)

6.30%

7 to 12 Months (Up to R10 000)

6.25%

7 to 12 Months (Above R10 000)

6.40%

What is the interest?

Interest is fixed for the duration of the investment term. Penalty interest of 2.2% will be charged for Term Save investments pre redeemed before maturity.

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