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  • Benefits
  • Remuneration
  • Characteristics
  • How to apply
  • Legal information

Depósito a Prazo Aniversário is a term application, in national currency, available to all our Clients in the month of their birthday.


  • Guaranteed capital and ensured liquidity;
  • Simple application, safe and ideal to monetize your savings.
  • Possible establishment deadlines: 90 and 180 days.
  • ​​​​

    Interest rate

    Fixed interest rates applied and according to the invested amount.

    Scale

    Minimum Amount

    90 Days

    180 Days

     Prestige

    100.000

    9,50%​

    9,00%

     Tradicional

    25.000

    9,00%​

    8,50%​​

     ​​

    Term

    90 and 180 days. 

    When establishing a term deposit, the applicable date (D) will be that of the debit value made in the Client’s current account as well as the credit held in the Client’s savings account. At maturity and/or full or partial prepayment the applicable date (D) of the term deposit will be that of the credit value in the Client’s current account.  


    Interest payment

    Interest is paid at the end of each period and credited to the associated short term deposit account.


    Early mobilization

    Allow early or partial mobilization, at any moment of the term deposit, with penalty interest due, according to the Bank’s price list, available for consultation at the Millennium bim branch


    ​​​​​

    Access conditions

    Individual Clients who hold a Millennium bim current account in meticais.


    Term

    90 and 180 days.


    Minimum amount

    Prestige Network Clients: 100.000,00 MZN

    Traditional Network: 25.000,00 MZN


    Reinforcement

    Reinforcements are not allowed in this application.​


    Renewals

    Renewals are not allowed. On the due date, the capital will be credited in the associated current account.


    To establish this term deposit you can either:

     

    1.    Visit the nearest Millennium bim branch; or

    2.    Access your Internet Banking account and follow the steps bellow:

    a.    Select the current account that will be associated to the term deposit;

    b.  Define the initial amount;​

    c.     Confirm the establishment of the term deposit;

    d.    Print the proof of the term deposit establishment;​

    Tax policy

    Deposit’s revenues are subject to tax withholding in accordance to Stamp Duty (Imposto de Selo), at a 10% rate (IRPS Code, Law nr 33/2007 dated 31 of D​ecember).