Premium Plus Investment
Premium Plus Investment
 
 

Al Baraka’s Premium Plus Investment Account is a medium to long term account based on the Premium Investment 365 model with enhanced benefits that enables you to earn a regular monthly income from a lump-sum investment.

This account earns investors superior returns on high value investments allowing flexibility in terms of profits generated and additional deposits to the account.

Features of the Premium Plus Account:

  • 12 month fixed investment account
  • Minimum deposit of R3 000 000.00 required to open and retain the account.
  • Additional deposits allowed at a minimum of R250 000.00 ad hoc.
  • Funds in the Premium Plus Investment can be pledged in respect of security for finance related transactions.
  • Profits can be paid out monthly to clients or capitalised
  • No premature withdrawals on capital balances allowed on the Premium Plus investment Account.

(Account will be subject to fees on routine transactions based on the annual fee structure)

This account is applicable to-

  • All SA citizens - adults and minors
  • Legal entities
  • Foreigners may open the account subject to a green bar coded ID or Smart Card.

What documentation is required to open an account:

  • Bar-coded Identity document or Smart Card
  • A utility bill, not older than 3 months, for the verification of your residential address.

For further information about ensuring FICA compliance, please click the tab for legal information to call our Customer Service Centre on 0860 225 786.