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    RENDIMENTO ACCOUNT

     

    Rendimento time deposit is a financial instrument exclusively in kwanzas with guaranteed interest rate.
     
     
    MINIMUM AMOUNTS
     
    Individual customers: Kz 500,000;

    • Companies and institutionals: Kz 1,000,000.
     
     
    INCREASES
     
    The amounts deposited in Rendimento accounts may be increased by minimum amounts of Kz 250,000 or multiples of this amount
     
    TERMS
     
    Rendimento deposits may be set up with the following terms:
     
    • 30 Days;

     
    • 60 Days;

     
    • 90 Days;

     
    • 180 Days;
     
     
    PROCEDURES
     
    To open a Rendimento account customers are required to fill in an "Investment Intent Form" form with the chosen maturity, the interest rate and the amount of the investment.
     
     
    VALUE DATE OF THE INVESTMENT
     
    The bank sets as the value date of the investment a day falling within a maximum period of six days after the Investment Intent Form has been filled in.
     
     
    GUARANTEED INTEREST RATE

     
    The definitive interest rate will be fixed on the day of the opening of the account, even though an indicative rate is communicated at the time the Investment Intent Form is filled in.
     
     
    EARLY REDEMPTION
     
    Any withdrawals prior to the deposit’s maturity must be communicated to Banco Económico 30 days in advance. In the case of early withdrawals, interest is calculated as follows:
     
     i(a)* = maximum 50%;

     
     (nº of days elapsed / total nº of days);

     
     
    ENOUGH FUNDS IN THE ACCOUNT
     
    The account linked to Rendimento account must have enough funds up to one day prior to the value date of the investment.
     
     
     
    CONTACTS​
     

    Bank

    Opening Hours

    • Monday to Friday, 08:00 - 18:00
    • (+244) 222 693 616
    • (+244) 222 693 600
    • (+244) 923 166 220

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