African Bank Fixed Deposit
As one of the biggest banks in South Africa, African Bank specialises in providing quality transactional, savings, investment and credit solutions for clients all over the country. The bank offers a range of services, tailored to meet your unique needs.
An interesting new offering comes from Tymebank.
The Fixed Deposit Account is designed to enable you to save money for a period ranging from three months to one year. The bank also offers call deposits that can be opened for a minimum period of seven days and can be liquidated as and when required. South Africa - Deposits - Capitec Bank - Capitec Bank 6 Month Fixed Term Deposit Q: how much will 500 be after 6 months fixed term savings at capitec Reply. katleho from Bryanston, South Africa. Open a notice deposit account and get noteworthy interest for a fixed term that suits your needs. Our notice account lets you access your money at the end of your notice period and you can add additional deposits into your account whenever you want. African Bank 1 Year Fixed Deposit. Fixed deposit terms range from 3 months to 60 months (5 years). Our services are reliable and convenient and reliable.
As a registered credit provider, African Bank is also registered with the National Credit Regulator. Its services are fully compliant with the National Credit Act.
The bank offers a number of investment tools.
The African Bank Fixed Deposit Investment Account is one such offer.
What is a fixed deposit?
These savings accounts tie up the investor’s money for a term specified in advance.
Tell me more about the African Bank Fixed Deposit Investment Account?
Investing doesn’t have to be expensive. This account requires a minimum opening account amount of R500. Investment terms range from 3 months to 60 months. You can invest a lump sum for a fixed period.
The interest rate does not change for the duration of your investment, giving you the assurance of a fixed amount that you’ll earn in interest returns every month.
Interest is paid out monthly, every 6 months, every 12 months or upon maturity.
Additional deposits are allowed for the first 7 days after initial funding. After this, you’ll only earn interest on the amount that you have invested.
Interest amounts range from 7% to 10.25%. These rates are highly competitive and some of the best in the market.
If you do need to withdraw your funds, you can contact African Bank and fill in the necessary withdrawal form. In exceptional cases the customer can apply to the bank for early withdrawal of the funds- this is at the bank’s discretion and a penalty fee will apply.
To contact African Bank, call: 011 256-9000 or send an email to insuranceclaims@africanbank.co.za
Visit www.africanbank.co.za