Grindrod Bank Deposit Rates
A Grindrod Bank Fixed Deposit account allows you to deposit funds for a specific period (see table below) with a pre-determined interest rate that does not fluctuate during the duration of the deposit.
A discretionary minimum deposit amount of R50 000 is required for fixed deposits.
TABLE OF RATES (UPDATED: 04 November 2021)
| Period | NACM | Yield | Annual Effective |
|---|---|---|---|
| 1 Week | 3.30% | 3.30% | 3.35% |
| 2 Weeks | 3.40% | 3.40% | 3.45% |
| 3 Weeks | 3.50% | 3.50% | 3.56% |
| 1 Month | 3.60% | 3.60% | 3.66% |
| 2 Months | 3.64% | 3.65% | 3.70% |
| 3 Months | 3.84% | 3.85% | 3.91% |
| 4 Months | 4.18% | 4.20% | 4.26% |
| 5 Months | 4.37% | 4.40% | 4.46% |
| 6 Months | 4.61% | 4.65% | 4.71% |
| 7 Months | 4.79% | 4.85% | 4.90% |
| 8 Months | 4.98% | 5.05% | 5.10% |
| 9 Months | 5.06% | 5.15% | 5.18% |
| 10 Months | 5.25% | 5.35% | 5.38% |
| 11 Months | 5.38% | 5.50% | 5.51% |
| 12 Months | 5.51% | 5.65% | 5.65% |
| 18 Months | 5.81% | 5.90% | 5.97% |
| 24 Months | 6.35% | 6.45% | 6.54% |
| 36 Months | 6.98% | 7.10% | 7.21% |