How does it work?
The Reward Investment Account is a Deposit Account where a competitive interest rate is linked and paid on the amount invested and where the interest rate increases periodically if funds are not withdrawn.
You have the option to withdraw money every 88 days. If you don't withdraw the money the interest rate applicable to the account increases. This step-up in interest rates can continue for up to three years.
You need to start with an initial investment of N$50 000 invested for a minimum period of 88 days. You can deposit additional funds every 88 days as well.
What are the benefits?
The longer you leave your money the more it grows and the higher your interest rate becomes. Your interest rate increases by a fixed amount every time you don't withdraw your funds at the end of the 88 day investment period. This can continue for up to three years.
There are also no hidden costs (i.e. brokerage/management fees) which means the interest we quote is the interest you earn.