Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Your access details have been entered incorrectly


Please note on your third failed attempt your profile will be blocked.

Username

Password

Have you forgotten your Username or Password?



Find a branch


Inflation-Linked Deposit


The interest earned on an Inflation-Linked Deposit is calculated using the inflation rate (a variable rate), together with a fixed top-up rate.

Inflation-Linked Deposit Return = Inflation Rate (variable) + Top-Up Rate (fixed)

Inflation-Linked Deposit Rate

The inflation rate is linked to the headline inflation rate (CPI) in South Africa, as published monthly by Statistics South Africa. This rate is applied three months in arrears, i.e. the January inflation rate will be applied to your account in April. This portion of your rate will change monthly according to changes in the inflation rate.

Published at 2019-01-02

Month South African Inflation Rate (CPI) Inflation-Linked Deposit Inflation Rate
(Applied three months in arrears)
December 2018 5.10% 6.10%
November 2018 4.90% 5.90%
October 2018 5.10% 6.10%
September 2018 4.9% 5.60%
August 2018 4.9% 5.60%
July 2018 5.1% 5.00%
June 2018 4.60% 5.50%
May 2018 4.40% 5.00%
April 2018 4.50% 5.00%
March 2018 3.80% 5.70%
February 2018 4.00% 5.60%
January 2018 4.40% 5.80%
December 2017 4.70% 6.10%
November 2017 4.60% 5.80%
October 2017 4.80% 5.60%
September 2017 5.10% 5.10%
August 2017 4.80% 5.40%
July 2017 4.60% 5.30%
June 2017 5.10% 6.10%
May 2017 5.4% 6.30%
April 2017 5.3% 6.6%
March 2017 6.10% 6.7%
February 2017 6.3% 6.6%
January 2017 6.6% 6.4%
December 2016 6.7% 6.1%
November 2016 6.6% 5.9%
October 2016 6.4% 6.0%
September 2016 6.1% 6.3%
August 2016 5.9% 6.1%
July 2016 6.0% 6.2%
June 2016 6.3% 6.3%
May 2016 6.1% 7.0%
April 2016 6.2% 6.2%
March 2016 6.3% 5.2%
February 2016 7.0% 4.8%
January 2016 6.2% 4.7%
December 2015 5.2% 4.6%
November 2015 4.8% 4.6%
October 2015 4.7% 5.0%
September 2015 4.6% 4.7%
August 2015 4.6% 4.6%
July 2015 5.0% 4.5%
June 2015 4.7% 4.0%
May 2015 4.6% 3.9%
April 2015 4.5% 4.4%
March 2015 4.0% 5.3%

Inflation-Linked Deposit Top-Up

A fixed top-up rate may be added to your return as determined by the bank. This component will vary depending on when you open your account however, it remains fixed for the duration of your investment.

Published at 2019-01-02

Month Top-Up Rate (Applied over the lifetime of an account opened in the respective month)
September 2018 + 1%
August 2018 + 1%
July 2018 + 1%
June 2018 + 1%
May 2018 + 1%
April 2018 + 1%
March 2018 + 1%
February 2018 + 1%
January 2018 + 1%
December 2017 + 1%
November 2017 + 1%
October 2017 + 1%
September 2017 + 1%
August 2017 + 1%
July 2017 + 1%
June 2017 + 1%
May 2017 + 1%
April 2017 + 1%
March 2017 + 1%
February 2017 + 1%
January 2017 + 1%
December 2016 + 1%
November 2016 + 1%
October 2016 + 1%
September 2016 + 1%
August 2016 + 1%
July 2016 + 1%
June 2016 + 1%
May 2016 + 1%
April 2016 + 1%
March 2016 + 1%
February 2016 + 1%
January 2016 + 1%
December 2015 + 1%
November 2015 + 1%
October 2015 + 1%
September 2015 + 0%
August 2015 + 0%
July 2015 + 0%
June 2015 + 0%
May 2015 + 0%
April 2015 + 0%
March 2015 + 0%

Inflation-Linked Deposit


Inflation-Linked Deposit Return = Inflation Rate (variable) + Top-Up Rate (fixed)
The interest earned on an Inflation-Linked Deposit

6.20%

Minimum opening deposit of R10 000


A Fixed Deposit where your returns are linked to inflation that is only available to clients who are 55 years or older and have an Encore or Premier Select Account. The interest earned on an Inflation-Linked Deposit is calculated using the inflation rate (a variable rate applied three months in arrears), together with a fixed top-up rate. Access your money with 32 days' notice..

What's hot


Linked interest

Your interest rate is linked to inflation



It's free

There are no monthly fees



Guaranteed capital

No Risk. Your original deposit and quoted returns are 100% guaranteed



What you get


Increase investment

Additional money may be added at maturity

Monthly income

Get a monthly income over the investment term as interest is paid out

Fixed investment term

A 36 month term investment term with 32 day's notice access

Diversify

Access with 32 days notice

Rewards

Add to your eBucks reward level points

Do it online

Open and manage your account online

Opening made easy


Inflation-Linked Deposit

Qualifying criteria

Only available to clients who are 55 years and older who hold a Premier Select or Encore Account

Ways to apply

Open now!

Other ways to apply

Complete the call me back form

Contact us

Find a branch

Documents needed

  • Proof of residence (not older than 3 months)
  • South African ID book or ID card