Grindrod Bank Fixed Deposit

Grindrod Bank Fixed Deposit

This is a deposit account in which funds are deposited for a fixed period. The interest rate does not fluctuate during the duration of the deposit, and is predetermined by Grindrod Bank at the time of the deposit.

A discretionary minimum deposit amount of R50 000 is required for fixed deposits.




TABLE OF RATES (UPDATED: 28 AUGUST 2018)

PeriodNACMYieldAnnual Effective
Call6.25%6.25%6.43%
1 Week6.45%6.45%6.64%
2 Weeks6.55%6.55%6.75%
3 Weeks6.70%6.70%6.91%
1 Month6.85%6.85%7.07%
2 Months6.93%6.95%7.15%
3 Months7.06%7.10%7.29%
4 Months7.23%7.30%7.47%
5 Months7.41%7.50%7.67%
6 Months7.58%7.70%7.85%
7 Months7.65%7.80%7.92%
8 Months7.72%7.90%8.00%
9 Months7.89%8.10%8.18%
10 Months8.01%8.25%8.31%
11 Months8.07%8.35%8.38%
12 Months8.23%8.55%8.55%