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Fixed Deposit Account |
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Overview
A fixed deposit is an investment of a fixed sum of
money that will not be needed for a specified period
of time, invested by personal and non-personal
investors at a fixed rate. It is beneficial if you
require a regular income and security, in terms of
interest rate and capital.
Features and Benefits
- The interest rate is guaranteed for the term of
the investment.
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"beneficial if you require a regular
income & security" |
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Your money is invested for a fixed period – from 6
months to 12 months
Interest rates - are market related and
competitive
Available for investors seeking capital security;
capital is secure during the term of the investment
Interest payments can be made to suit the client
Qualifying Criteria
- A minimum deposit of M1 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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