How It Works
Investment Duration: Customers choose a fixed term for their investment, which can vary based on their financial goals—short-term, medium-term, or long-term.
Initial Deposit: A minimum deposit starting from R10000 is required to open the account, which is held for the entire term.
Interest Rates: The FTIA offers competitive interest rates, which are typically higher than standard savings accounts, allowing your investment to grow over time.
Maturity: At the end of the investment term, customers receive their initial investment back along plus the accrued interest.
Benefits
Guaranteed Returns:
The FTIA provides a fixed interest rate, ensuring predictable growth and financial security.
Capital Protection
Your initial deposit is safe from market volatility, making it an ideal choice for conservative investors.
Financial Planning
This account helps in structured saving, enabling individuals to plan for future expenses like education, home purchase, or retirement.
Flexible Terms
With a range of investment durations available, customers can select a term that aligns with their financial objectives.
Frequently Asked Questions
The minimum is R10000 and the maximum is R10 Million.
At maturity, you will receive your initial deposit along with the accrued interest. You can then choose to withdraw your funds or reinvest them in a new Fixed Term Investment Account.
Yes, your initial deposit is protected, and the fixed interest rate guarantees predictable growth. Additionally, Mutual Life Africa adheres to regulatory standards to ensure the security of your investment.
Unfortunately no, since the current rate is promotional and a limited time offer, we only accept accounts that are opened and funded within 24 hours.
Yes your capital is protected and guaranteed.
You can withdraw your capital anytime but the interest is locked for the specified term.
How It Works
- Open your account using the attached form below.
- Select the term you want from 12 to 36 Months.
- Activate your account by funding your account with a minimum required investment starting from R10 000 to R10 Million.
WHAT DO I NEED TO OPEN AN ACCOUNT
- Your capital.
- Personal details.
- Copy Of ID or Passport.
WHAT IS MY ROI.
10% Uncompounded.