Protect your savings more robustly
The Exchange Rate Gains account provides you with the means to protect your capital against variations in the Kwanza exchange rate against the USD through indexing your capital to the American dollar (exchange rate coverage). Additionally, clients also benefit from a fixed rate.
This account is designed for companies and individuals that have expenditures in international currencies and wish to protect part of their savings and correspondingly minimise the impacts of variations in the exchange rate.
This account has maturities of either 6 or 12 month available so as to best align with the needs of each clients.
For further information on the maturities, interest rates and investment amounts.
Postponed interest rate payments, calculated according to the initial capital amount and calculation of Current/365.
The account remuneration rate involves both a variable interest rate component, which corresponds to the Akz exchange rate variation against the USD during the term of the deposit, in addition to a fixed rate.
The variable interest rate has a maximum limit defined for each period.
The interest rate is calculated by the following formula:
Interest rate = Capital *Time*Rate/365 days
Interest accredited to the client’s current account.
There is no capitalisation of interest.
No further deposits may be made to the account.
Renewals are not allowed.
New applications are dependent on bank decisions to keep this product on the market that, in turn, directly interrelates with market conditions.
Security: safeguard your capital from variations in the national currency
Rate of return: the effective interest rate may be higher than that prevailing for traditional Term Deposits
Interest payments are subject to the IAC tax at the rate of 10% calculated and debited from the current account at the time of interest payments.
Branches/ Private Banking or Company Centres