• 32 Day Prime-Time Notice Deposit   4.75% NACM    4.75% Yield
  • 63 Day Prime-Time Notice Deposit   4.90% NACM    4.91% Yield
  • 91 Day Prime-Time Notice Deposit   5.05% NACM    5.07% Yield
  • 126 Day Prime-Time Notice Deposit   5.20% NACM    5.24% Yield
  • 182 Day Prime-Time Notice Deposit   5.50% NACM    5.56% Yield
  • 365 Day Prime-Time Notice Deposit   5.75% NACM    5.91% Yield

INVESTMENTS & SAVINGS

Cash Deposits

 

At Grindrod Bank, we provide a diverse range of deposit, lending and payment services, as well as tailored solutions to business clients, ranging from sole practitioners to corporate professional firms, with whom we engage through a variety of channels including dedicated portfolio managers. We build long-standing relationships with our clients and are committed to delivering the best possible service experience to those clients, who are able to benefit from our investment expertise and industry-leading platform, Online Money Manager.

CALL DEPOSITS

A Grindrod Bank Call Deposit account enables you to deposit your cash at an attractive interest rate. The benefit of a Call Deposit account is that additional deposits can be added at any time and your funds available on request, with no penalties. 

A discretionary minimum deposit amount of R50 000 is required for call deposits. 

Interest earned on a Call Deposit account can either be paid to your bank account or capitalised. 

Period NACM Yield Annual Effective
Call 4.00% 4.00% 4.07%

Deposit rates published on this website are indicative. Please contact us for a firm quote.

FIXED DEPOSITS

A Grindrod Bank Fixed Deposit account allows you to deposit funds for a specific period (see table below) with a pre-determined interest rate that does not fluctuate during the duration of the deposit.  

A discretionary minimum deposit amount of R50 000 is required for fixed deposits.

TABLE OF RATES (UPDATED: 13 May 2022)

Period NACM Yield Annual Effective
1 Week 4.05% 4.05% 4.13%
2 Weeks 4.15% 4.15% 4.23%
3 Weeks 4.25% 4.25% 4.33%
1 Month 4.45% 4.45% 4.54%
2 Months 4.49% 4.50% 4.58%
3 Months 4.63% 4.65% 4.73%
4 Months 4.87% 4.90% 4.98%
5 Months 5.16% 5.20% 5.28%
6 Months 5.73% 5.80% 5.88%
7 Months 6.01% 6.10% 6.18%
8 Months 6.14% 6.25% 6.32%
9 Months 6.27% 6.40% 6.45%
10 Months 6.49% 6.65% 6.69%
11 Months 6.61% 6.80% 6.81%
12 Months 6.78% 7.00% 6.99%
18 Months 7.03% 7.15% 7.26%
24 Months 7.41% 7.55% 7.67%
36 Months 7.89% 8.05% 8.18%

Deposit rates published on this website are indicative. Please contact us for a firm quote.

PRIME-TIME NOTICE DEPOSITS

A Grindrod Bank Prime-Time Deposit account allows you to deposit funds for a specified investment term with an interest rate linked to the current Prime Rate.

Interest earned on a Prime-Time Deposit account can either be paid to your bank account or capitalised. NO BANK CHARGES or FEES are levied on our cash deposit products.

A discretionary minimum deposit amount of R250 000 is required for Prime-Time deposits.

Product Rate NACM Yield Annual Effective Fact Sheet & Product Rules
32 Day Prime-Time Notice Deposit 4.75% 4.75% 4.85%
63 Day Prime-Time Notice Deposit 4.90% 4.91% 5.01%
91 Day Prime-Time Notice Deposit 5.05% 5.07% 5.17%
126 Day Prime-Time Notice Deposit 5.20% 5.24% 5.33%
182 Day Prime-Time Notice Deposit 5.50% 5.56% 5.64%
365 Day Prime-Time Notice Deposit 5.75% 5.91% 5.90%

  • Grindrod Bank Limited reserves the right to cap these products at its sole discretion
  • Current Grindrod Bank Limited Prime Overdraft rate: 7.75%    
  • Minimum Investment size per Prime-Time Notice Deposit product: R250 000.00
  • Maximum Investment size per Prime-Time Notice Deposit product: R5 million

Deposit rates published on this website are indicative. Please contact us for a firm quote.