• 32 Day Prime-Time Notice Deposit   4.00% NACM    4.00% Yield
  • 63 Day Prime-Time Notice Deposit   4.15% NACM    4.16% Yield
  • 91 Day Prime-Time Notice Deposit   4.30% NACM    4.32% Yield
  • 126 Day Prime-Time Notice Deposit   4.45% NACM    4.48% Yield
  • 182 Day Prime-Time Notice Deposit   4.75% NACM    4.80% Yield
  • 365 Day Prime-Time Notice Deposit   5.00% NACM    5.12% Yield

INVESTMENTS & SAVINGS

Cash Deposits

 

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 3.25% 3.25% 3.30%

Deposit rates published on this website are indicative. Please contact us for a firm quote.

FIXED DEPOSITS

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.  

A discretionary minimum deposit amount of R50 000 is required for fixed deposits.

TABLE OF RATES (UPDATED: 09 April 2021)

Period NACM Yield Annual Effective
1 Week 3.30% 3.30% 3.35%
2 Weeks 3.40% 3.40% 3.45%
3 Weeks 3.50% 3.50% 3.56%
1 Month 3.60% 3.60% 3.66%
2 Months 3.64% 3.65% 3.70%
3 Months 3.84% 3.85% 3.91%
4 Months 4.03% 4.05% 4.11%
5 Months 4.17% 4.20% 4.25%
6 Months 4.26% 4.30% 4.34%
7 Months 4.45% 4.50% 4.54%
8 Months 4.49% 4.55% 4.58%
9 Months 4.53% 4.60% 4.63%
10 Months 4.62% 4.70% 4.72%
11 Months 4.71% 4.80% 4.81%
12 Months 4.79% 4.90% 4.90%
18 Months 4.94% 5.00% 5.05%
24 Months 5.28% 5.35% 5.41%
36 Months 5.86% 5.95% 6.02%

Deposit rates published on this website are indicative. Please contact us for a firm quote.

PRIME-TIME NOTICE DEPOSITS

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 R250 000 is required for Prime-Time deposits.

Product Rate NACM Yield Annual Effective Fact Sheet
32 Day Prime-Time Notice Deposit 4.00% 4.00% 4.07%
63 Day Prime-Time Notice Deposit 4.15% 4.16% 4.23%
91 Day Prime-Time Notice Deposit 4.30% 4.32% 4.39%
126 Day Prime-Time Notice Deposit 4.45% 4.48% 4.54%
182 Day Prime-Time Notice Deposit 4.75% 4.80% 4.85%
365 Day Prime-Time Notice Deposit 5.00% 5.12% 5.12%

  • Grindrod Bank Limited reserves the right to cap these products at its sole discretion
  • Current Grindrod Bank Limited Prime Overdraft rate: 7.00%    
  • Minimum Investment size per Prime-Time Notice Deposit product: R250 000.00
  • Maximum Investment size per Prime-Time Notice Deposit product: R5 million

Deposit rates published on this website are indicative. Please contact us for a firm quote.