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 | 6.50% |
| | 2 months | 6.50% | 6.53% | | 3 months | 6.60% | 6.64% | | 4 months | 6.60% | 6.65% | | 5 months | 6.80% | 6.86% | | 6 months | 7.20% | 7.27% | | 7 months | 7.20% | 7.28% | | 8 months | 7.20% | 7.29% | | 9 months | 7.60% | 7.70% | | 10 months | 7.60% | 7.71% | | 11 months | 7.60% | 7.72% | | 12 months | 8.00% | 8.10% |
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| R250,000 – R2 000 000 |
| Payable Monthly | Payable End of Term | | 1 months | 6.85% |
| | 2 months | 6.87% | 6.90% | | 3 months | 6.91% | 6.95% | | 4 months | 7.20% | 7.25% | | 5 months | 7.28% | 7.35% | | 6 months | 7.37% | 7.45% | | 7 months | 7.45% | 7.55% | | 8 months | 7.52% | 7.65% | | 9 months | 7.60% | 7.75% | | 10 months | 7.70% | 7.85% | | 11 months | 7.78% | 7.95% | | 12 months | 8.00% | 8.10% |
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