Mercantile Bank 2 Year fixed deposit- flexible terms at a fixed rate

Overview

Mercantile Bank 2 Year fixed deposit- flexible terms at a fixed rate

Mercantile Bank provides a wide range of international and local banking services to the business community with a segment focus on the Portuguese market. The bank has a core focus on business banking and commercial banking.
The bank focuses on being a single point of contact, high touch and providing a personalized service model.
What is a fixed deposit?
A fixed deposit is an amount of money you save that cannot be accessed until maturity and no additional funds may be added to this investment. This is a popular saving tool and can be convenient for earning interest on an investment. Depending on the term over which you’ve invested and the interest rate you earn, you can make quite good returns on your investment. Various institutions have different options for fixed deposit types. One such institution is Mercantile Bank.
What benefits are offered?
Interest can be capitalised or withdrawn on demand, however, withdrawal of the deposit before maturity is not allowed.
Once the fixed deposit amount has matured, clients will have earned a significant amount of interest and will have the freedom to use the money however they please.
Tell me more about the Mercantile Bank 2 Year Fixed Deposit?
Even though Mercantile Bank has a core focus on business and commercial banking, the institution offers a 2 Year Fixed Deposit, which lets you invest money for a fixed period of time at a fixed interest rate.
Interest on the investment is payable either monthly or on the maturity date of the deposit.
Mercantile Bank offers clients a secure investment as well as flexible terms. The bank allows clients to choose from a range of investment periods which suit their needs.
For more information about the Mercantile Bank 2 Year Fixed deposit, call: 011 302- 0500.
Visit www.mercantule.co.za