Lock in a guaranteed interest rate for a fixed term, for business cash you know you won't need before a specific date.
Your rate is fixed for the full term, regardless of what happens to interest rates in the market.
Terms from 3 months to 5 years, matched to when you know you'll need the funds.
Longer terms and larger deposit amounts generally earn a higher fixed rate.
| Term | Indicative rate |
|---|---|
| 3 months | 6.80% p.a. |
| 6 months | 7.60% p.a. |
| 12 months | 8.50% p.a. |
| 24 months | 8.90% p.a. |
| Early withdrawal penalty | Loss of interest for the remaining term |
No, a fixed deposit is a single lump-sum investment for the agreed term — further deposits require opening a new fixed deposit.
You can withdraw the full amount plus interest, or roll it over into a new fixed deposit at the prevailing rate.
Yes, subject to a loss-of-interest penalty for the remaining term — the capital itself is never at risk.
An adviser at Mzansi Advisors can help you ladder fixed deposits across different terms — at no extra cost.
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