Fixed rate deposits
A safe form of saving that gives you a predictable return and the same interest rate in the lock-in period regardless of rate changes in the market.
Predictability for your savings and low risk
Better interest rate than a normal corporate savings account
Choose from a range of lock-in periods
How do fixed rate deposits work?
With a fixed rate deposit, you lock in the money for a predetermined period of time. You can decide whether you want to lock in the interest rate for three months, six months or one or two years. For the entire lock-in period, you keep the interest rate regardless of whether the rate changes in the market. That way you know what return you’ll get on your money.
Fixed-rate deposits are ideal for small and medium-sized businesses who want predictable savings and don’t want to take any risks.
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In the event of a breach of the savings scheme or partial withdrawal before the lock-in period expires, a withdrawal commission of 2 per cent is applied to the withdrawn amount. | |||||||
For larger amounts
If you would like to invest more than 100 million in a fixed income deposit account, please contact us by phone on 915 04800.