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Ensure a growing return of your Savings with the Depósito SOMAR ( SOMAR Deposit).  
 
  • Term: 365 days;
  • Currency: MZN;
  • Interest payment: quarterly;
  • Minimum opening amount: 25.000,00 MZM;
  • Additional deposits: not applicable;
  • Renewals: not applicable;
  • Early redemptions are subject to interest penalties.

 

The Depósito SOMAR ( SOMAR Deposit), with growing interest rates, is the best solution to get a high return on your capital!

 

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Interest Rate

  • Fixed, during the interest calculation period (quarter);
  • Growing quarterly.​

 

​Tax​a de Juro Anual Nominal

Escalão de Saldo MZN

25.000 - 99.999,99

100.000 - 499.999,99

500.000 - 999.999,99

 

1.000.000 - 1.999.999,99

 

A partir de 2.000.000

1º Trimestre

1,25%​

2,25%

3,25%

4,25%

5,25%

2º Trimestre

2,75%

3,75%

4,75%

5,75%

6,75%

3º Trimestre

4,25%

5,25%

6,25%

7,25%

8,25%

4º Trimestre

5,75%

6,75%

7,75%

8,75%

9,75%


Maturity 
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).
 
Early Redemption 
Total or partial early redemption is permited at any moment of the Term Deposit life, with the interest penalty applied only in the quarter in which the partial or total redemption is made.
 
Interest Payment 
Interest is paid quarterly.

 

 

 

 

 

 

 

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Access Conditions

Individual Customers owning Current Accounts in MZN at Millennium bim.

 

Maturity

365 Days.

 

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

 

Renewal

Not applicable.

 

Amounts

Minimum opening amount: 25.000,00 MZM.

 

Additional Deposits

Not applicable.

 

Principal Guarantee

The total principal is guaranteed at maturity and early redemption.

If you already own a Current Account at Millennium bim and want to open a Depósito TÁ SOMAR (TÁ SOMAR Deposit) you just need to visit any of our Branches. If you are not our Customer yet, 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 nr 33/2007 dated 31 of December).