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The Depósito a Prazo Standard (Standard Term Deposit) is a safe Savings Solution, with a fixed interest rate over the contractual period. 

  • Term: 30 days, 90 days, 180 days or 365 days.
  • Interest payment at maturity.
  • Minimum opening amounts: MZN 5.000,00 / USD 1.000,00 / EUR 1.000,00 / ZAR 5.000,00.
  • Automatic renewals are performed at the interest rate applicable on the renewal date, in accordance to the Bank's Price List valid on the mentioned date.
  • Early redemptios are subject to an interest penalty.

Choose a savings solution that protects you from interest rates fluctuations!

 

 

Interest Rate​

The interest rate is fixed from the start up to the maturity of the deposit and according to the invested amount:​

​ 

 

Taxa de Juro Anual Nominal Bruta/Prazo

Depósito a Prazo Standard

30 Dias

90 Dias

180 Dias

365 Dias

Saldo MZN

 

 

5.000 - 100.000

2,75%

2,50%

2,00%

1,00%

100.001 - 500.000

4,75%

4,50%

4,00%

3,00%

500.001 - 1.000.000

6,75%

6,50%

6,00%

5,00%

Acima de 1.000.000​​

8,75%

8,50%​​

8,00%

7,00%

Saldo USD

 

 

1.000 - 14.999

0,10%

0,13%

0,16%

0,19%

15.000 - 100.000

0,13%

0,16%

0,19%

0,22%

Acima de 100.000

0,16%

0,19%

0,22%

0,25%

Saldo ZAR

 

 

5.000 - 399.999

0,10%

0,75%

1,40%

2,05%

400.000 - 700.000

0,75%

1,40%

2,05%

2,70%

Acima de 700.000

1,40%

2,05%

2,70%

3,35%

Saldo EUR

 

 

1.000 - 14.999

0,01%

0,01%

0,02%

0,03%

15.000 - 100.000

0,01%

0,02%

0,03%

0,04%

Acima de​ 100.000

0,02%

0,03%

0,04%

0,05%


Maturity

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

 

On the start of the Term Deposit the value date for the debit in the corresponding Current Account and the value date on the Term Deposit Account are both on the transaction date (D). At maturity or early redemption, the value date is the transaction date and interest and principal are credited in the Current Account with the same value date (D).

 

Opening Amounts

Minimum opening amounts are: MZN 5.000,00 / USD 1.000,00 / EUR 1.000,00 / ZAR 5.000,00.

 

Renewals

The Term Deposit can be automatically renewed, for the same maturity lenght, at the interest rate applicable for the term deposit, according to the Bank's Price List valid on the renewal date. The Bank's Price List is available at any Millennium bim Branch. 

 

Early Redemption

Total or partial early redemption is permited at any moment of the Term Deposit life. An interest penalty will, however, be applied according to the Bank's Price List, available at any Millennium bim Branch.

 

Interest Payment

Interests are paid at the end of the accrual period, capitalized in the Term Deposit Account or in the corresponding Current Account, according to the "Capitalization Rules".

 

Capitalization Rules

Interest capitalization in the corresponding Current Account is optional, depending upon specific declaration of the account ownwer, at the start of the investment or during the investment period. However, in the later, the new capitalization rule will only apply for the next accrual periods. ​​

Access Conditions

All Individual Customers owning a Current Accounts in MZN, USD, EUR ou ZAR at Millennium bim can apply to a Depósito a Prazo Standard (Standard Term Deposit) Account. 

 

Maturity

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

 

On the start of the Term Deposit the value date for the debit in the corresponding Current Account and the value date on the Term Deposit Account are both on the transaction date (D). At maturity or early redemption, the value date is the transaction date and interest and principal are credited in the Current Account with the same value date (D).  

 

Renewal

The Term Deposit can be automatically renwed, for the same maturity lenght, at the interest rate applicable for the Term Deposit, according to the Bank's Price List valid on the renewal date. The Bank's Price List is available at any Millennium bim Branch. 

 

Opening Amounts

Minimum opening amounts are: MZN 5.000,00 / USD 1.000,00 / EUR 1.000,00 / ZAR 5.000,00.

 

Additional Deposits

Once opened, this account does not allow for additional deposits. 

 

Principal Guarantee

The principal amount is fully guaranteed at maturity or early redemption.

 

If you already own a Current Account at Millennium bim, to open your Depósito a Prazo Standard (Standard Term Deposit) Account, please visit any of our Branches. If you are not yet our Customer, please click here.

 

 

Tax Policy

Revenues from Deposits are subject to tax withholding corresponding to Stamp Duty (Imposto de Selo) at a 10% rate (IRPS Code, Law no. 33/2007 dated 31 of December).

 

 

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