At Grindrod Bank, we provide a diverse range of deposit, lending and payment services, as well as tailored solutions to business clients, ranging from sole practitioners to corporate professional firms, with whom we engage through a variety of channels including dedicated portfolio managers. We build long-standing relationships with our clients and are committed to delivering the best possible service experience to those clients, who are able to benefit from our investment expertise and industry-leading platform, Online Money Manager.
CALL DEPOSITS
A Grindrod Bank Call Deposit account enables you to deposit your cash at an attractive interest rate. The benefit of a Call Deposit account is that additional deposits can be added at any time and your funds available on request, with no penalties.
A discretionary minimum deposit amount of R50 000 is required for call deposits.
Interest earned on a Call Deposit account can either be paid to your bank account or capitalised.
| Period | NACM | Yield | Annual Effective |
|---|---|---|---|
| Call | 7.75% | 8.03% |
Deposit rates published on this website are indicative. Please contact us for a firm quote.
FIXED DEPOSITS |
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A Grindrod Bank Fixed Deposit account allows you to deposit funds for a specific period (see table below) with a pre-determined interest rate that does not fluctuate during the duration of the deposit. The rates indicated below are applicable to amounts in excess of R1 Million. For amounts below R1 Million, please contact your portfolio manager. TABLE OF RATES (UPDATED: 20 November 2024)
Deposit rates published on this website are indicative. Please contact us for a firm quote. |
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PRIME-TIME NOTICE DEPOSITS
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A Grindrod Bank Prime-Time Deposit account allows you to deposit funds for a specified investment term with an interest rate linked to the current Prime Rate. Interest earned on a Prime-Time Deposit account can either be paid to your bank account or capitalised. NO BANK CHARGES or FEES are levied on our cash deposit products. A discretionary minimum deposit amount of R50 000 is required for Prime-Time deposits.
Deposit rates published on this website are indicative. Please contact us for a firm quote. |
FLEXI NOTICE DEPOSITS |
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A Grindrod Bank Flexi Notice Deposit account allows you to deposit funds for a specified investment term with an interest rate linked to the current Prime Rate. Interest earned on a Flexi Notice Deposit account can either be paid to your bank account or capitalised. NO BANK CHARGES or FEES are levied on our cash deposit products. A discretionary minimum deposit amount of R250 000 is required for Flexi Notice Deposits.
Deposit rates published on this website are indicative. Please contact us for a firm quote. |