Rendimento Mensal is a 1 year term deposit, with interest paid monthly. The interest rate offered are:
• up to GNAR* 5,5% in Kz;
New customers or existing customers with current accounts in the same currency as the deposit.
Minimum required initial deposit of:
• Kz 500.000 for Kz account;
Additional deposits are allowed at any time. Minimum required amount of additional deposits are:
• Kz 100.000 for Kz account;
The contractual term of deposit is 1 year.
PAYMENT OF INTEREST
Interest is paid monthly. The GNAR* applicable is per currency of account and amount deposited, up to GNAR 5,5% in Kz.
Interest is paid net of Imposto de Aplicação de Capitais (IAC) [Capital Tax].
RENEWAL OF DEPOSIT
Automatically renewable at the end of the term.
Early, fully and partial, withdrawals are allowed, at any time, with a 2 working days notice. Withdrawals are subject to loss of due and unpaid interest on amounts withdrawn.
Monthly interest paid out is not capitalized to the deposit account.
SUBSCRIPTION FOR MINORS
Customers under 18 years old must have authorization from legal representative and signatures on the product subscription form.
For more information (available soon)
* GNAR stands for Gross nominal interest rate and illustrates what the interest rate would be if interest was paid once each year. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.