Bakgotsi Fees and Interest

Terms Save Fees and Interest

Fees with effect from 29 March 2018:

Deposits (cash / cheque)

Free

Redemptions

Free

Replacement of lost TDCA

R 35.00

The current interest rate on Term Save is tiered based on period of investment. Interest is calculated and credited to the customer’s card or book account monthly, or at maturity of the investment.

Interest:

Term of Term Deposit

Interest Rate (% pa)

1 - 2 Months (up to R10 000)

4.35%

1 - 2 Months ( above R10 000)

5.25%

3 Months (up to R10 000)

4.70%

3 Months (above R10 000

5.60%

4 Months (up to R10 000)

5.05%

4 Months (above R10 000)

5.95%

5 Months (up to R10 000)

5.40%

5 Months (above R10 000)

6.05%

6 Months (up to R10 000)

5.75%

6 Months (above R10 000)

6.15%

7 to 12 Months (up to R10 000)

6.10%

7 to 12 Months (above R10 000)

6.25%

NB: Interest is calculated on a daily balance and credited to the account on the last day of every month.

What is the interest?

Interest is fixed for the duration of the investment term.Penalty interest of 2.2% will be charged for Term Save investments pre redeemed before maturity.