Term Deposit
Terms and conditions applicable*
The Term Deposit is a type of deposit in which the Bank is bound to periodically remunerate the holder a certain sum based on an interest rate and repay the capital applied upon expiry of the period agreed by the parties, which may be 1 month, 3 months, 6 months and 12 months.
- It is a product applicable to all holders of a demand deposit account with Standard Bank.
- Holders of Term deposit accounts may be resident or non-resident, with regard to their foreign currency or economic assets, in accordance with the foreign exchange legislation in force.
- Balance corresponding to the amount you wish to place in a term deposit.
Term Sheet:
Standardised Informations Sheet
Application Form:
Apply for a term deposit in Netplus or go to your nearest Standard Bank branch and make your Term Deposit, accompanied by a duly completed form.
1 month, 3 months, 6 months and 12 months.
Click here and do a term deposit simulation
Up to |
1 Month |
3 Months |
6 Months |
12 Months |
MZN |
3,90% |
5,50% |
3,31% |
3,15% |
ZAR |
1,24% |
2,95% |
3,55% |
3,74% |
USD |
0,42% |
1,64% |
1,74% |
1,85% |
EUR |
0,08% |
0,72% |
0,82% |
0,82% |
GBP |
0,07% |
0,14% |
0,21% |
0,28% |
Withholding tax: Under the new tax legislation concerning IRPC (Corporate Income Tax) and IRPS (Personal Income Tax), interest on demand and term deposits are subject to taxation and withholding tax (20%) and (10%) - Article 9(4)(b) of the IRPC
Stamp Tax: Bank transactions are subject to stamp tax in accordance with the table attached to Decree No. 6/2004