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Features

Term

365 days.

Amounts

Minimum opening amount: 2 500.00 MT.

Renewal

The deposit may be renewed for the same period, under the same subscription conditions, except for the interest rate, which will be updated on the renewal date on the basis of the current price list.

Top-up deposits

Minimum top-up reinforcement: 2 500 MT.

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 paid monthly.

Interest System

Interest credit in the current account is optional, depending on the holder's declaration, up to the date of Term Deposit set up, or thereafter, where the interest credit in the current account will only be applicable to subsequent interest periods.

Branch: You can visit your nearest Millennium bim branch

 

Internet Banking:

  • Access Internet Banking:
  • Select the Current Account;
  • Indicate the amount;
  • Define the Interest System.
  • Click “Create” and confirm your application.

Millennium bim Private Customers, Holders of Current Accounts in MZN

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
The Woman’s Savings Plan gives automatic access to a pre-approved credit line, up to 80% of the amount accumulated in the term deposit.
Interest Rate: The Nominal Annual Gross Rate (NARR) is subject to change depending on market conditions.
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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