Fixed Deposit

Account Features

• An investment product with a fixed interest rate, period and amount
• Interest bearing non-transactional account in local currency, GBP, USD, ZAR and EUR
• Interest rates are set from time to time depending on the amount and prevailing market conditions
• Min. amount for each currency required to open a fixed deposit

Account Benefits

• High interest rate
• No interest fluctuation during the tenure of the deposit, irrespective of market conditions
• Early redemption is permitted at a penalty
• It can be used as collateral