investments

Market Indicators

Prime rate 10.50 %
Mortgage lending rate 11.50 %
Bank rate (repo rate)  6.75  %
CPI  4.8    % (Sept 2018)

Call Account

Earns you good interest, whilst ensuring your money is available when you need it.

Funds may be withdrawn at a branch or transferred to another account.

Minimum balance of N$ 10 000 is required to remain in the account.

Interest rates are tiered, calculated on a daily balance and capitalised monthly.

1 day's notice is required to withdraw funds.

Notice Accounts

Ideal savings plan for a planned or unforeseen event.

The minimum opening balance is N$ 500.00 required.

Notice deposits are available within a predetermined notice period.

No fees charged with the exception of an early redemption penalty.

Additional deposits are permitted to the account.

Interest is calculated on a daily balance and capitalized monthly.

Maturity proceeds are automatically renewable, unless expressly stated by the client.

Fixed deposits Account

For a long term savings, surplus funds can be invested for higher returns.

Allows you earn a fixed or constant rate of return over a specific period of time.

No withdrawals or deposits are allowed.

Minimum investment of at least N$500.00.

Senior citizens (aged 60 and over) with under N$100 000 qualify for special interest rates.

Interest is paid out monthly or when investment matures.

Maturity proceeds are automatically renewable, unless expressly stated by the customer.