Bakgotsi Fees and Interest

Terms Save Plus 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 Save Plus

(Interest paid 6 monthly)

Amounts up to R10 000

6.00%

Amounts above R10 000

6.25%

Term Save Plus

(Interest paid on maturity - 24 months)

Amounts up to R10 000

6.25%

Amounts above R10 000

6.50%

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 2.4% will be charged for Term Save Plus investments pre redeemed before maturity.