A Fixed deposit is an investment account where money is deposited for a fixed period of time at a fixed interest rate. A Fixed deposit offers interest rates higher than ordinary savings accounts and is ideal if you want to save for a specific goal.

You choose how long you want to invest – from 6 months to one year.

Features and benefits

• You must make a minimum deposit of M1 000.00.
• You can choose when you would like your investment to mature.
• The interest rate is fixed for the full investment period.
• No transactions are allowed.
• Interest is normally paid at maturity.

Who can apply

If you’re over the age of 18 and serious about saving for a specific goal, a Fixed deposit account is for you!

How to apply

Opening a Fixed deposit account is easy! Just visit your nearest Standard Bank branch with valid Identity Document and complete an application form.