Plano  Poupança Jovem
  • Benefits
  • Remuneration
  • Features
  • How to Apply
  • Legal Notice

Plano Poupança Jovem is a term deposit that enables savings in a disciplined way, building solutions of medium and long-term saving.
  • Maturity: 365 days
  • Interest rate payment: Monthly
  • Minimum amount of establishment: 500,00 MZN
  • Minimum amount of reinforcement: 1,00 MZN
  • Early withdrawals subjected to penalty
  • Plano Poupança Jovem, the future starts here!


    Interest Rate

    The Interest Rate is Variable according to the value of PRSF  (Prime Rate of the Financial System) at the beginning of each monthly  reckoning​.

    Monthly Interest Payment​

    • Up to 100.000 MZN for PRSF - 18,00%
    • Up to 500.000 MZN for PRSF - 16,00%​
    • Up to 1.000.000 MZN for PRSF - 14,00%​
    • Above 1.000.000 MZN for PRSF - 12,00%​


    Interest payment

    Interest rates are paid monthly.

    Early Mobilization

    Allow total or partial mobilization is allowed during the term deposit contract period. Penalties are applied on the month on which the bailout takes place

    Capitalization Scheme

    The interest credit on the current account is optional. For such, the account holder is required to submit a declaration where he/she manifests this intention and inform the Bank on the date of the establishment or subsequent deadlines. In this last case, the credit of Interest on the current account will only apply to periods of subsequent interest.


    Access conditions 

    Have a current account;

    The Client is obligated to establish monthly settlements in the PPJ constitution act. 


    365 days


    The application will be automatically renewed for an identical period, with the interest rate in force on the term deposit renewal date and published in the Bank’s price list available for consultation at any Millennium bim branch. 

    Capital warrant

    Guarantee of payment of the total amount at maturity or in the event of early mobilization. 


    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 minimum amount of constitution and determine whether the interest will be credited into your current account or compounded into the term deposit;

    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 corresponding to Stamp Duty (Imposto de Selo), at a 10% rate (IRPS Code, Law nr 33/2007 dated 31 of December).