PERSONAL_38_990X192_fixed deposit.jpg

Fixed deposit

A Fixed Deposit account is an investment account where money is deposited for a fixed period and the interest does not change. A Fixed Deposit account earns higher interest rates than ordinary savings accounts and is ideal if you want to save for a specific goal– like a wedding or year-end holiday.You choose how long you want to invest – from six months to one year.

What it offers you

  • You must make a minimum investment of at least M1 000
  • You can choose the date on which you want your investment to mature
  • The funds in your account can be pledged and used as collateral
  • There are no service fees charged on your account
  • You can choose an investment period from 6 to 60 months
  • You can have more than one fixed deposit if you want to save for different goals
  • You cannot withdraw funds from your fixed deposit account during the investment period. Early termination attracts a penalty.

 

 

 

 

What you need to apply

  • You must be over 18
  • Nationally accepted and valid identification: passport, National Identification or driver’s license
  • Visit your nearest branch with the following documents
  • Nationally accepted identification card (valid voter’s ID, driver’s licence or passport)
  • Proof of residence in the form of a utility bill (less than three months old) or Chief’s letter

 


 
Saving your details - Please Wait...

Request a Fixed Deposit account

Thank you for your enquiry.
One of our consultants will be in contact with you.

Online Banking

Select your online banking platform:

Customer Care Line

Lesotho
+266 2221 2221

Email

Send us an email

Sharesocialicons
  • Callback Form

     
    Saving your details - Please Wait...
    First name:
    Surname:
    Landline:
    Country code:
    Area code:
    Local number:
    Mobile:
    Country code:
    Area code:
    Local number:
    Email:
    Product of interest:
    Convenient time to call: