Valor Crescente Term Deposit
VALOR CRESCENTE TERM DEPOSIT
Term deposit in Kwanzas and US Dollars that let you watch your money grow
Features of the Valor Crescente Term Deposit?
Quarterly increasing interest rates
Guaranteed profitability by long terms
Allows for multiple investments
|Minimum initial deposit/Maintenance deposit|
|Kz 100 000 / USD 1000|
In Kwanzas: 365 days / In US Dollars: 360 days
No renewal allowed
Interest is calculated daily on the principal invested and not withdrawn at each moment, based on a 365-day (AOA) or 360-day (USD) year.
|Minimum initial deposit/Maintenance deposit||1st Quarter||2nd Quarter||3rd Quarter||4th Quarter|
|Kz 100 000||9,00%||10,50%||14,00%||20,00%|
|USD 1 000||0,25%||0,500%||0,75%||1,00%|
Interest is credited quarterly to the current account and is not subject to capitalization
Conditions for transactions
- No capitalization allowed
- Allows partial or total early redemption, with a 100% penalty on the interest of the current period.
Interest paid is subject to Capital Gains Tax at a 10% rate, through the withholding tax mechanism.
Capital guarantee of the full amount deposited at maturity and in case of early withdrawal