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Fixed Deposit Account

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Fixed Deposit at North Cape Reserved Bank

Electronic Fixed Deposit Account

Ready for what comes next?

A Fixed Deposit (FD) account is one of the safest and most reliable ways to save and grow your money. Unlike a regular savings account, an FD account locks in your funds for a predetermined period at a fixed interest rate, ensuring stable returns. Whether you are an individual looking for a secure investment or a business seeking predictable growth, an FD can be a valuable financial tool. Invest a lump sum over a fixed term of your choice and enjoy great gains. Available on our digital banking channels only.

At North Cape Reserved Bank Fixed Deposit account, financial instrument provided by our banks allows individuals to deposit a lump sum for a specified duration at a fixed interest rate. The tenure of an FD can range from a few months to several years.

Enjoy immediate access to your money, when you need it.Make additional deposits of any amount, at any time.We’ve made saving easy with our highly competitive interest rates, and quick access to your savings plans on our app.

Investment

Fixed-term savings

Earn higher interest with our free fixed-deposit savings plans.Reinvest the interest or transfer it to your main savings account, the interest rate is fixed for the full term.

Flexibank

Access anytime
You choose the deposit amount and frequency of your deposits

All accounts are free.

A little saving can go a long way

The power of compound interest

Small expenses can become big expenses when you don’t keep an eye on them. If you track your daily spending for a week or even a month, you may be surprised by how your regular coffees and other expenses that you haven’t budgeted for, accumulates. If your morning cappuccino costs R30, giving up 3 capuccinos per week starting today will save you R90 per week. That’s a minimum of R360 per month.

If you put that into a piggy bank you’ll save over R4 000 in a year. However, if you put R360 a month in a North Cape Reserved Bank access anytime plan every month, you could earn from R8 per month. That’s over R90 added to your savings account

Smart ways to save

Whether you’re saving for lobola, building your emergency fund or putting money away until you decide what to do with it, these tips can help you grow your savings. 51% of you told us that debt is your biggest worry, while 26% said you had no savings. And because 77% of you didn’t have enough cash, you didn’t save. Every cent you don’t pay towards debt is one more you can add to your savings. Prioritise paying off your debt that has the highest interest, as well as debt that you may be close to paying off first.

Then start working on the remaining debt with the money you have freed up.You’ll need somewhere to put all the money you’ll be saving. With North Cape Reserved Bank, you can earn interest on your daily balances and get up to 4 extra savings plans, name them and use them to save for various purposes.

Key Features

Key Features for Fixed Deposit Account

Savings