Dynamic Fixed Deposit
More about Dynamic Fixed Deposit
Choose a flexible investment term from 8 days to 60 months (5 years)
Your interest rate can be fixed or linked to prime
Get more interest with the Upib Digital Bonus Rate when you apply for, fund or manage your account on the Upib Banking App or Upib Online
Interest can be paid monthly, quarterly, biannually, annually or on maturity
Choose to access up to 50% of your investment capital
If you are 55 years or older, you will receive an additional bonus interest rate
As a Prosperity Cheque Account holder who is 55 years and older you receive rebates on your account fees when you maintain:
A cheque account balance of R15 000, or
A savings or investment account balance of R15 000
No monthly management fee
Dynamic Fixed Deposit Pricing Options
| Dynamic Fixed Deposit | Dynamic Fixed: interest payment frequency fixed | Dynamic Fixed: prime linked | Dynamic Fixed: interest payment frequency linked to prime | |
|---|---|---|---|---|
| Minimum Deposit | R1000+ | R1000+ | R1000+ | R1000+ |
| Investment term | Ranges from 8 days to 60 months. Capital is guaranteed. No monthly fees. | Ranges from 8 days to 60 months. Capital is guaranteed. No monthly fees. | Ranges from 8 days to 60 months. Capital is guaranteed. No monthly fees. | Ranges from 8 days to 60 months. Capital is guaranteed. No monthly fees. |
| Access to investment | Choose to access 0-50% of your investment | No access to the investment capital | Choose to access 0-50% of your investment | No access to the investment capital |
| Earn a digital bonus rate | Get more interest with the Upib Digital Bonus Rate when you apply for, fund or manage your account on the Upib Banking App or Upib Online. | Get more interest with the Upib Digital Bonus Rate when you apply for, fund or manage your account on the Upib Banking App or Upib Online. | Get more interest with the Upib Digital Bonus Rate when you apply for, fund or manage your account on the Upib Banking App or Upib Online. | Not applicable |
| Interest | Calculated daily and compounded or paid out monthly. | Choose to receive interest monthly, quarterly, half yearly, annually or on maturity. | Calculated daily and compounded or paid out monthly. | Choose to receive interest monthly, quarterly, half yearly, annually or on maturity. |
| Interest rate | Fixed from the investment onset. | Fixed from the investment onset. | Linked to prime interest rate. | Linked to prime interest rate. |
| Why Choose this option | Choose this option if you require access to your capital during the term. | Choose this option if you want a guarantee on the interest rate for the term of the investment and you do not require access to the capital during the term of the investment. | Choose this option if you require access to your capital during the term of your investment and you require your interest rate to be linked to prime. | Choose this option if you want an interest rate linked to prime for the term of the investment and you do not require access to the capital during the term of the investment. |
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The interest rates shown are indicative only and are subject to change without notification. The rate is determined on the date on which your funds are received in your account and, where applicable, is also determined by your chosen investment term, interest payment frequency, and the investment amount deposited.
Please call us on 0860 111 515 or visit any Upib branch to get the best rate of the day. All rates are expressed as a percentage per annum.
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