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Notice Deposit Account |
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32/60/88-Day Notice Deposits
Overview
The 32/60/88-day notice deposits are short term
investments that are invested at a variable interest rate; depending on the
agreed notice period. These investment accounts earn
competitive interest rates, while enabling you to
accrue funds for your life plans, whether building
up deposit for a car or home, planning a holiday, or
for important future cashflow needs.
Features and Benefits
- There are no charges on these accounts
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"accounts
earn competitive interest rates" |
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Interest rates - are market related and
competitive
Interest is accrued on daily balances and payable
monthly.
Funds are accessible within the notice period
Interest payments can be made to suit you as the
client
Qualifying Criteria
- A minimum deposit of M5 000 is required
- Proof of income – payslip or letter from employer
showing monthly income, or Source & Purpose of Funds
Declaration Form
- Proof of Residence – Letter from local chief or
Utility bill
- Valid Passport (together with Residence
permit for non residents
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