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    RENDIMENTO ME

     
    Rendimento ME time deposit is a financial instrument with guaranteed rate exclusively in U.S. dollars.
     
     
    MINIMUM AMOUNTS
     

    Individual customers: US$ 10,000;

     

     Companies and institutionals: US$ 50,000.

     
    INCREASES
     
    Rendimento ME deposits may be increased by the following minimum amounts:
     

     Individual customers: US$ 5,000 or multiples;

     

     Companies and institutionals: US$ 10,000 or multiples.

     
    TERMS
     
    Rendimento ME deposits may be set with the following terms:
     

     1 month;

     

     3 months;

     

     6 months;

     

     9 months;

     

     12 months.

     
    PROCEDURES
     
    To make an investment in a Rendimento ME, customers are required to fill in an Account opening form with the chosen term, the interest rate and the amount of the investment.
     
     
    VALUE DATE OF THE INVESTMENT
     
    The value date of the investment is the spot value date (2 working days) of the day when the Rendimento ME was opened.
     
     
    GUARANTEED INTEREST RATE
     
    The guaranteed rate will be set on the day the account is opened. The actual rate will be given net of other banking expenses depending on the amounts invested.
     
     
    EARLY REDEMPTION
     
    Any withdrawals prior to the deposit’s maturity must be communicated to Banco Económico through a previous notice. In the case of early withdrawals, interest is calculated as follows:

     

    • j(a) = maximum 50%;

     

    • (nº of days elapsed / total nº of days).

     
    ENOUGH FUNDS IN THE ACCOUNT
     
    The account linked to Rendimento ME 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

    Where we are

    EconomicoDirecto

    EconomicoNet 

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    Usefull Information

     

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