• Minimum Amount : ZAR 10,000. Maximum: no limit
• Term varies from 1 month to 60 months
• Choose your maturity date and invest
• Earn fixed interest rate for entire term of the deposit
• For senior citizens i.e. of age 55 years or older extra 0.25% p.a. interest  for deposits of 24 months and above
• No monthly transactional fees
• Interest is paid monthly/ quarterly/ half-yearly or on maturity
• Early withdrawal of funds is not allowed except under extreme circumstances as a matter of discretion but with  penalty.
• Account can be opened online using internet banking facility
• Funds on maturity will be handled as per customer’s instructions.
• Automatic renewal facility on due date – Term Deposit is renewed for the same period as per original contract, however the rate of interest will be the rate prevailing on the date of such renewal.
• For emergency needs, the depositor can avail easy loans (Loan up to 90% is given with small interest spread)

Please email to us on ambanking1.rsa@statebank.com for more details.