BUSINESS MONEY MARKET FIXED DEPOSIT ACCOUNT
What is the interest rate?
We pay credit interest at a fixed interest rate and the rate is set when you open your account. We calculate interest based on your available balance each day
- For fixed deposits of less than 6 months - interest is paid when the deposit matures
- For fixed deposits between 6 & 12 months - interest can be paid when the deposit matures or monthly on the same day of the month that you opened the account
- For fixed deposits of more than 12 months - interest can be paid monthly on the same day of the month that you opened the account or annually on the anniversary of the day you opened your account
Can the Bank change the interest rate?
No, once the deposit has been placed the rate will remain fixed for the duration of the deposit and subsequent reinvestments or renewals will be priced at the prevailing interest rate.