Rendimento time deposit is a financial instrument
exclusively in kwanzas with guaranteed interest rate.
• Individual customers: Kz 500,000;
• Companies and institutionals: Kz 1,000,000.
deposited in Rendimento accounts may be increased by minimum amounts of Kz
250,000 or multiples of this amount
Rendimento deposits may be set up with the
• 30 Days;
• 60 Days;
• 90 Days;
• 180 Days;
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.
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.