Term Deposit

The Time Deposit has a very attractive remuneration and insure total safety for your money. From 5.000 Meticais you can open this account in which your money grows.

 

Who qualifies?
The Time Deposit is for clients with minimum age of 18 years, individuals and businesses.

Opening requiriments
The Time Deposit can be secured by a minimum amount of 5.000 Meticais.
Opening can be done in Socremo branches.

Interest rate
Interest rate change acording to market conditions and fixed for a specific term. Socremo is known for paying high interest rates.

Payment of Interests
There are four options for payment of interests: monthly, semi annually, quarterly and yearly, paid to your current account.

Early cancelation
Eartly cancelation leads to a lost of interest.

Tax
Mozambique tax laws aply

 

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