You can invest as much as you want.
Your funds are invested for 12 months and you receive interest payment every 3 months
This product allows you to invest your funds for a 12 month period with the option of receiving interest earned every 3 months. This means if you invest R 2000, the expected return after 12 months would be R 280. The total value of your investment would be R 2280. Every 3 months, you will have the option to take out the interest earned of R 70 or roll it over. After 12 months, you will have the option to cash out your investment or roll it over for reinvestment.
If you kept your funds in the bank over 12 months you would earn a return of approx. R 130. The total value of your investment would be R 2130
Funds locked up for 12 months
Option to receive interest every 3 months
No early withdrawal
Up to 12% interest
Interest is paid every 3 months
Return is calculated on the capital invested
You can make a once off investment or monthly investment, its all up to you
Reinvest the funds or transfer them to your bank account
Earn an income from your investment every 3 months
Money available on the maturity date