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Bidvest Bank Rates
Below is the information on the Bidvest Bank Rates
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Rates
All rates are subject to change at any time and will only be confirmed on receipt of funds.
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Call Deposits (R1 000 or more) – Rates are effective as at 14 September 2021
|
| Interest Rates Per Annum | Payable Monthly |
| R1 000 – R24 999 | 0.20% |
| R25 000 – R49 999 | 1.90% |
| R50 000 – R99 999 | 2.00% |
| R100 000 – R249 999 | 2.10% |
| R250 000 – R499 999 | 2.50% |
| R500 000 – R999 999 | 2.60% |
| R1 000 000 – R4 999 999 | 2.70% |
| R5 000 000 – R9 999 999 | 2.80% |
| R10 000 000 upwards | 2.90% |
Notice Deposits (R5 000 or more) – Rates are effective as at 14 September 2021
|
| Interest Rates per Annum | Payable Monthly |
| 32 Day Notice |
| R5 000 – R999 999 | R1 000 000 upwards | |
| 4.00% | 4.25% | |
| Other Notice Periods |
| 41 Day | 61 Day | 91 Day | 121 Day |
| 3.95% | 4.00% | 4.05% | 4.23% |
Notice Deposits (No longer available to open)
|
| Interest Rates per Annum | Payable Monthly |
| 6 Months | 9 Months | 12 Months |
| 4.40% | 4.55% | 4.75% |
Fixed Deposits (R10 000 or more) – Rates are effective as at 14 September 2021
| Months | Payable Monthly | End of Term |
|---|
| 2 Months | 3.89% | 3.90% |
| 3 Months | 4.46% | 4.48% |
| 4 Months | 4.60% | 4.63% |
| 5 Months | 4.75% | 4.79% |
| 6 Months | 4.93% | 4.98% |
| 7 Months | 4.95% | 5.01% |
| 8 Months | 4.97% | 5.04% |
| 9 Months | 5.00% | 5.08% |
| 10 Months | 5.20% | 5.30% |
| 11 Months | 5.35% | 5.47% |
| 12 Months | 5.55% | 5.69% |
| Pensioner Rate 12-month Fixed Deposit Only* | 5.70% | 5.85% |
| *The pensioner rate is applicable to customers aged 55 and older on a 12-month Fixed Deposit only. |
Customer Foreign Currency (CFC) and Foreign Currency Accounts (FCA) – Rates are effective as at 14 September 2021
|
| USD | EUR | GBP | AUD |
| 0.00% | 0.00% | 0.00% | 0.00% |
Fee Schedule
All fees are inclusive of VAT. Fees are effective as of 14 September 2021
| Product – Investment | Channel | Fee |
|---|
| General |
| Monthly Administration Fee | Account maintenance fee | Free |
| Monthly Internet Banking Fee | N/A | Free |
| Deposits |
| Cash | Branch | 3% of deposit value |
| Incoming Electronic Deposit | N/A | Free |
| Withdrawals |
| Cash | Branch | 1.50% of withdrawal value |
| Electronic Payments |
| Internal Transfer | Internet Banking | Free |
| Mobile App | Free |
| Branch | R75.00 |
| Beneficiary Payments | Internet Banking | R30.00 |
| Mobile App | R30.00 |
| Same day via Internet Banking | R65.00 |
| Manual EFT to own account at a 3rd party bank | EFT | R120.00 |
| NPS same-day clearing (Samos) | R120.00 |
| International Rand Payment | Rand payment to a Rand account held by an overseas bank | R1391.00 |
| Statement Enquries (one free per month) |
| Statement | Internet Banking | Free |
| Mobile App | Free |
| Resend via email | R17.00 |
| Statement request older than three months | R27.00 + R11.00 per page |
| Notifications |
| Payment Notifications | SMS | R0.80 |
| Email | R0.70 |
| Penalty Fees |
| Unpaid Cheque | N/A | R250.00 |
| EFT Recall | N/A | R250.00 |
| Transaction Tracing Query | N/A | R250.00 |
| Deposit into a Clearing Account | Funds not deposited directly into your account | R500.00 |
| Early Maturity | Fixed Deposit | 1% of the full amount invested Minimum R500 |
| Early Withdrawal | Notice Deposits | 1% of the withdrawal amount Minimum R500 |
| Other |
| Auditors Cerificates issued | < 5 accounts | R375.00 |
| > 5 accounts | R700.00 |
| Dormant account | Inactivity (dormant account) per month | R38.00 |
| Query fee | Query on entries older than 2 months | R120.00 |
| IT3b | Reprint or resend via email | R20.00 |
| Deceased Estate |
| Certificate of Balance | N/A | R360.00 |
| Administration | Additional charge could be levied based on complexity of estate | R510.00 |
| Duplicate documents | Statements, IT3b’s etc | R27.00 for first page, thereafter R11 per page |
| Statement request older than 3 months | R27.00 for first page, thereafter R11 per page |
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