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Features

Term

30 days, 90 days, 180 days or 365 days.

Amounts

Minimum opening amount: 5,000.00 ​MZN/ 2,000.00 USD / 1,500.00 EUR / 10,000.00 ZAR.

Renewal

Term deposit will be renewed for an identical term, at the applicable interest rate on the renewal date, published in the Bank's Schedule of Charges.

Top-up deposits

This term deposit does not allow Top-up deposits.

Early Withdrawal

Total or partial Early Withdrawal is allowed at any time during the period of the Term Deposit, subject to penalty of current month interest.


Interest Payment

Interest will be paid at the end of each accrual period, in arrears, upon capital incorporation or credited in the associated current account, under the terms mentioned in the “Interest System”.

Branch: You can visit your nearest Millennium bim branch

 

Millennium bim customers who are Companies, holders of current accounts in MZN, USD, EUR or ZAR.

Fixed interest rate depending on the amount/grade
For details, please refer to the STANDARD INFORMATION SHEET

Guarantee of full amount deposited at maturity or in case of Early Withdrawal.

Useful Documentation
Standard Information Sheet
Interest Rate: Gross Annual Nominal Interest Rate fixed and in accordance with the following capitalization scales to be invested.
Tax regime: Income from Deposits is subject to tax withholding of stamp duty at a rate of 20% (IRPS code Law No. 20/02/1930/07 dated 2003 of December).
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