Call account

  • Earn an attractive return on your surplus cash, which is readily accessible whenever you need it, with no notice period

  • Minimum investment of R1 000

  • Tiered interest rates

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Notice Deposit

  • Earn attractive interest rates on your funds with a variety of maturity periods to suit your needs (32, 66 or 88 days) and avoid early withdrawal penalties

  • Maximise investment through longer term holding

  • Minimum investment of R1 000

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Tax Exempt Savings Account (TESA)

  • Enjoy a TAX-FREE investment account with a great interest rate

  • Invest up to R33 000 a year or any amount from R1 000 monthly with a lifetime limit of R500 000

  • Funds available after 7-day notice period

  • Accounts may be opened in a minor's name, accompanied by a guardian/ parent

  • Any withdrawals of accumulated savings from your Tax Exempt Savings Account cannot be replaced and all contributions are subject to the annual and lifetime limits

  • Withdrawal penalty of R300 is applicable if no notice is given

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Fixed Deposit

Enjoy a range of fixed-term and fixed-rate investments enabling you to lock in secured returns. Make your money work for you and earn higher rates from your longer-term investments. Choose from a range of account options:

  • Invest your money for a fixed period of time at a fixed interest rate

  • Choose from a range of time periods and select timeframes that best meet your needs

  • Minimum investment of R1 000

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LisaGrow

A fixed deposit account that enables you to benefit from a higher investment rate, in line with increases in the Prime interest rate (a percentage increase at the bank's discretion).

  • With benefits on the upside, your investment rate will never fall below your original rate, even if the Prime rate falls.

  • This allows you to secure a minimum return on your investment and earn bonus returns from any Prime rate increases.

  • Funds to be invested for a 12-month period.

  • Minimum investment R5 000.

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PrimeGrow

This investment account allows you to reap the full benefits of an increasing interest rate cycle.

  • With an interest rate linked to Prime, you can earn maximum interest over a fixed savings period

  • Minimum investment R50 000

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PrimeAccess

This is a 12-month fixed investment account linked to Prime which enables you to access up to 30% of your funds over three occasions within a 12-month period. This means that you can keep 70% of your savings fixed until maturity but still have access to some funds if and when you need them.

  • You will be required to give us a notice period of 24-hour to access some funds

  • Minimum investment R100 000

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Money Market7 (MM7)

This is designed for businesses seeking attractive returns on short-term surplus funds

  • Easy access to your funds

  • Comply with a 7-day notice period to avoid any penalties

  • Minimum investment R100 000.

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Money Market24 (MM24)

This is designed for business owners and individuals seeking attractive returns on short-term surplus funds

  • Money market interest rates on surplus

  • 24-hour notice period to avoid any penalties

  • Minimum investment R25 000.

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Mercantile Online Invest (MOI)

Maximise fund management with Mercantile Online Invest

Mercantile Online Invest (MOI) enables third party fund administrators to manage clients’ accounts online, quickly, securely and efficiently. It’s ideal for attorneys, accountants, trust administrators, financial intermediaries and Accountable Financially Institutions or their agents. MOI offers a range of transactional banking tools, all aimed at optimising fund management.

Key benefits

  • Transact efficiently online

  • Gain greater control over available funds and investments

  • Earn a solid return for optimal fund management

  • Enjoy efficient and secure third party fund administration

How does it work?

MOI is an Internet-based product delivered through Mercantile Bank’s electronic banking system. It offers seamless and paperless processing of third party funds and offers administrators the following functionality:

  • Request to open MOI accounts in advance or close accounts whenever needed

  • Perform a range of banking transactions online 24/7/365

  • Deposit and invest funds to earn competitive interest rates

  • Make electronic payments

  • Transfer funds to linked accounts

  • Track account transactions and view or print statements whenever required