Investment Products Interest Rates
Period 1 March 2017 - 31 March 2017

 INVESTMENT PRODUCTS INTEREST RATES

SAVE-AS-YOU-EARN (SAYE)

  • Interest rate of 2.75% p.a tax-free on daily balance.
  • Plus a bonus on the total interest earned, depending on the contract period, only paid once when the contract has matured.
  • Minimum amount is N$50.00and recurring monthly payments equal to the initial amount deposit.

 

Contract Period

Bonus Percentage

  2 Years   75 %
  3 Years   85 %
  4 Years   100 %
  5 Years   120 %

 

Flexi SAVE-AS-YOU-EARN

  • Minimum amount is N$100.00 and additional deposits of N$50.00 and more can be made.

Contract Period

Interest Percentage

  1 Years   2.75 % p.a. tax free

 

Interest Calculation :   Capital x Term in days divided by 365 x interest rate = Interest

Example :

When investing N$ 70 500 an a Fixed Term Deposit for 3 Months, the calculation for interest paid will be : N$ 70 500 x 90 days devided by 365 days in a year x 4.40 % = N$ 764.88 interest received for the term of 90 days. Hence the interest received per month being : N$ 254.96

 

 

Investment Period

Interest Percentage

 

Interest Percentage

 

 

 

            N$ 0 - 99 999

 

   N$100 000 and above

 

 

Call Account

2.70%

 

2.75%

   

32 days Notice deposit

4.70%

 

4.75%

   

60 days Notice deposit

4.80%

 

4.85%

   

FTD (Months)

N$ 0 - 99 999

N$100 000 and above

 
 

Monthly Interest

Payout

Maturity Interest

Payout

Monthly Interest

Payout

Maturity Interest

Payout

 

3

5.02%

5.05%

5.07%

5.10%

 

4

5.02%

5.05%

5.07%

5.10%

 

5

5.06%

5.10%

5.11%

5.15%

 

6

5.14%

5.20%

5.19%

5.25%

 

7

5.28%

5.35%

5.33%

5.40%

 

8

5.32%

5.40%

5.37%

5.45%

 

9

5.45%

5.55%

5.50%

5.60%

 

10

5.49%

5.60%

5.53%

5.65%

 

11

5.52%

5.65%

5.57%

5.70%

 

12

6.31%

6.50%

6.36%

6.55%

 

                      18

                     6.45%

                   6.65%

                 6.50%                     6.70%  

24

6.63%

6.85%

6.68%

6.90%

 

36

7.05%

7.30%

7.10%

7.35%

 

My Choice

Will fit in with the same rate as per the different criteria above

 

Call and notice deposits and My Choice:   Minimum amount is N$ 500.00 and additional deposit of N$ 100.00 and more can be made.

Fixed Term Deposit (FTD):    Minimum amount is N$ 500.00 and additional deposits allowed of N$ 500.00 or more.

For any enquiries and rates for amounts 300 000 + relating to NSB clients, please don’t hesitate to contact us.