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Features

Term

The term is negotiable.

Amounts

Minimum opening amount: 500,000.00 MZN;

Renewal

This term deposit does not allow renewal. At maturity, the principal amount will be credited in the current account.

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 a time agreed in advance with the Customer upon capital incorporation or credited in the associated current account, under the terms mentioned in the “Interest System”.

Interest Rate

The Gross Annual Nominal Rate (TANB) is negotiated in advance and remains fixed for the term deposit.

Branch: You can visit your nearest Millennium bim branch

Private Customers, holders of current account accounts in MZM, USD, EUR or ZAR at Millennium bim.

Guarantee of full amount deposited at maturity or in case of Early Withdrawal.
Useful Documentation
Fin DP Negociado
Tax regime: Income from Deposits is subject to tax withholding of stamp duty at a rate of 10% (IRPS code Law No. 33/2007 dated 31 of December).

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