Terms & Conditions – Fixed Deposit Promotional Offer

 

Important clauses which may limit our responsibility, place an obligation on you to indemnify us, involve an acknowledgment of any fact or involve some risk for you will be in bold and italics. You must pay special attention to these clauses.

 

INTRODUCTION

 

1.1 We are offering you the following preferential interest rates when you apply for and open a fixed deposit:

1.1.1 for a fixed investment period of 3 (three) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 5% per annum for an investment amount between R1 000 (one thousand Rand) and R9 999.99 (nine thousand nine hundred ninety-nine Rand and ninetynine cents); or

1.1.2 for a fixed investment period of 3 (three) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 5.5% per annum for an investment amount between R10 000 (ten thousand Rand) and R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.3 for a fixed investment period of 3 (three) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 5.75% per annum for an investment amount of more than R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninetynine cents); or

1.1.4 for a fixed investment period of 6 (six) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 5.75% per annum for an investment amount between R1 000 (one thousand Rand) and R10 000 (ten thousand Rand); or

1.1.5 for a fixed investment period of 6 (six) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6% per annum for an investment amount between R10 000 (ten thousand Rand) and R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.6 for a fixed investment period of 6 (six) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.50% per annum for an investment amount of more than R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninetynine cents); or

1.1.7 for a fixed investment period of 9 (nine) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6% per annum for an investment amount between R1 000 (one thousand Rand) and R9 999.99 (nine thousand nine hundred ninety-nine Rand and ninetynine cents); or

1.1.8 for a fixed investment period of 9 (nine) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.25% per annum for an investment amount between R10 000 (ten thousand Rand) and R99 999.99 (ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.9 for a fixed investment period of 9 (nine) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.5% per annum for an investment amount between R100 000 (one hundred thousand Rand) and R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.10 for a fixed investment period of 9 (nine) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.75% per annum for an investment amount of more than R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninetynine cents); or

1.1.11 for a fixed investment period of 12 (twelve) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.25% per annum for an investment amount between R1 000 (one thousand Rand) and R9 999.99 (nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.12 for a fixed investment period of 12 (twelve) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.5% per annum for an investment amount between R10 000 (ten thousand Rand) and R99 999.99 (ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.13 for a fixed investment period of 12 (twelve) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.75% per annum for an investment amount between R100 000 (one hundred thousand Rand) and R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.14 for a fixed investment period of 12 (twelve) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 7% per annum for an investment amount of more than R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninetynine cents); or

1.1.15 for a fixed investment period of 18 (eighteen) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.5% per annum for an investment amount between R1 000 (one thousand Rand) and R9 999.99 (nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.16 for a fixed investment period of 18 (eighteen) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.75% per annum for an investment amount between R10 000 (ten thousand Rand) and R99 999.99 (ninety-nine thousand nine hundred ninetynine Rand and ninety-nine cents); or

1.1.17 for a fixed investment period of 18 (eighteen) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 7% per annum for an investment amount between R100 000 (one hundred thousand Rand) and R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.18 for a fixed investment period of 18 (eighteen) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 7.25% per annum for an investment amount of more than R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.19 for a fixed investment period of 24 (twenty four) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.5% per annum for an investment amount between R1 000 (one thousand Rand) and R9 999.99 (nine thousand nine hundred ninetynine Rand and ninety-nine cents); or

1.1.20 for a fixed investment period of 24 (twenty four) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 7% per annum for an investment amount between R10 000 (ten thousand Rand) and R99 999.99 (ninety-nine thousand nine hundred ninetynine Rand and ninety-nine cents); or

1.1.21 for a fixed investment period of 24 (twenty four) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 7.25% per annum for an investment amount between R100 000 (one hundred thousand Rand) and R499 999.99 (four hundred ninetynine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.22 for a fixed investment period of 24 (twenty four) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 7.5% per annum for an investment amount of more than R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.23 for a fixed investment period of 36 (thirty six) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 6.75% per annum for an investment amount between R1 000 (one thousand Rand) and R9 999.99 (nine thousand nine hundred ninety-nine Rand and ninety-nine cents);or

1.1.24 for a fixed investment period of 36 (thirty six) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 7.25% per annum for an investment amount between R10 000 (ten thousand Rand) and R99 999.99 (ninety-nine thousand nine hundred ninetynine Rand and ninety-nine cents); or

1.1.25 for a fixed investment period of 36 (thirty six) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 8% per annum for an investment amount between R100 000 (one hundred thousand Rand) and R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.26 for a fixed investment period of 36 (thirty six) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 8.75% per annum for an investment amount of more than R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.27 for a fixed investment period of 48 (forty eight) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 7% per annum for an investment amount between R1 000 (one thousand Rand) and R9 999.99 (nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.28 for a fixed investment period of 48 (forty eight) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 7.5% per annum for an investment amount between R10 000 (ten thousand Rand) and R99 999.99 (ninety-nine thousand nine hundred ninetynine Rand and ninety-nine cents); or

1.1.29 for a fixed investment period of 48 (forty eight) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 8.25% per annum for an investment amount between R100 000 (one hundred thousand Rand) and R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.30 for a fixed investment period of 48 (forty eight) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 9.25% per annum for an investment amount of more than R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and
ninety-nine cents); or

1.1.31 for a fixed investment period of 60 (sixty) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 7.25% per annum for an investment amount between R1 000 (one thousand Rand) and R10 000 (ten thousand Rand); or

1.1.32 for a fixed investment period of 60 (sixty) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 8.25% per annum for an investment amount between R10 000 (ten thousand Rand) and R99 999.99 (ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.33 for a fixed investment period of 60 (sixty) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 9.25% per annum for an investment amount between R100 000 (one hundred thousand Rand) and R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninety-nine cents); or

1.1.34 for a fixed investment period of 60 (sixty) months, and where interest is to be paid out monthly or at maturity, you will receive an interest rate of 10.25% per annum for an investment amount of more than R499 999.99 (four hundred ninety-nine thousand nine hundred ninety-nine Rand and ninetynine cents); or

(“Offer”)

1.2 This Offer starts at 00h00 on 16 August 2017 and ends at 23h59 on 28 February 2018 (“Promotion Period”)

2 WHO QUALIFIES FOR THIS OFFER

2.1 You qualify for this Offer if you meet all of the following criteria:
2.1.1 You are 18 (eighteen) years of age or older;
2.1.2 You meet the normal savings and investment criteria as defined by Ubank policies and procedures

3 HOW TO TAKE UP THIS OFFER

3.1 Open a fixed deposit account in your personal capacity through any of our branches.During the Promotion Period;
3.2 You must follow the normal fixed deposit application process, including but not limited to: providing all necessary documentation as required in terms of your fixed deposit application; and meeting any other legal requirements.

4 GENERAL TERMS

4.1 We are the promoter of this Offer. Any reference to we/us/our includes our directors, members, partners, sponsors, agents or consultants, where the context allows for it.
4.2 By participating in this Offer, you agree to be bound by:
4.2.1 these terms and conditions;
4.2.2 the fixed deposit product terms and conditions.
4.3 These terms and conditions shall apply to this Offer and all other information relating to this promotion
and on any promotional or advertising material that is published.
4.4 We assume no liability for any services and/or advice, whether correct or incorrect, which you receive and/or pursue over and above this Offer.
4.5 We assume no liability whatsoever for any direct or indirect loss or damage arising from a Customer’s participation in this Offer or howsoever arising (whether arising from negligence or otherwise). All customers, whilst participating in this Offer, indemnify us and hold us harmless for any loss, damage, harm or injury (whether arising from negligence or otherwise) which may be sustained as a result of any claim, costs, expense, loss or damages which may be made by any third party.
4.6 We reserve the right to amend, reduce or extend at any time the start or end dates of this Offer.
4.7 We reserve the right to terminate this Offer with immediate effect and without notice of such termination to you. In such event, you waive any rights, which you may have against us and you acknowledge that you will have no recourse or claim of any nature whatsoever against us.
4.8 In the event of a dispute, our decision will be final and binding on all aspects of this promotional offer and no correspondence will be entered into.
4.9 This Offer cannot be used together with any other similar offer or campaign promoted by us.
4.10 The above rates are the final interest rates on offer.