Fixed deposit accounts
A fixed deposit account offers competitive interest rates on your funds for the period you choose to invest them for. With a minimum deposit of R5000, funds can be invested for a period of one to six months at a fixed interest rate for the term of the investment. Interest is calculated daily and is payable monthly or on maturity.
Bidvest Bank offers pensioners a 12 month fixed deposit account at competitive interest rates that allows the interest earned to be drawn on a monthly basis.
For more information visit your closest
Bidvest Bank/Rennies Foreign Exchange branch.
| R5,000 – R249 000 |
| Payable Monthly | Payable End of Term | | 1 month | 6.15% |
| | 2 months | 6.10% | 6.13% | | 3 months | 6.10% | 6.14% | | 4 months | 6.15% | 6.20% | | 5 months | 6.20% | 6.26% | | 6 months | 6.25% | 6.32% | | 7 months | 6.25% | 6.33% | | 8 months | 6.25% | 6.34% | | 9 months | 6.30% | 6.40% | | 10 months | 6.30% | 6.41% | | 11 months | 6.35% | 6.47% | | 12 months | 6.40% | 6.53% |
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| R250,000 – R2 000 000 |
| Payable Monthly | Payable End of Term | | 1 months | 6.25% |
| | 2 months | 6.30% | 6.33% | | 3 months | 6.30% | 6.34% | | 4 months | 6.35% | 6.40% | | 5 months | 6.40% | 6.46% | | 6 months | 6.45% | 6.52% | | 7 months | 6.45% | 6.53% | | 8 months | 6.45% | 6.54% | | 9 months | 6.50% | 6.60% | | 10 months | 6.50% | 6.61% | | 11 months | 6.55% | 6.67% | | 12 months | 6.60% | 6.72% |
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