Suncorp term deposit rates is as high as 4.10% p.a. on 5 year terms, plus gives savers the option to have interest paid out monthly, quarterly, six monthly, yearly or at maturity.
A low risk investment with competitive interest rates, the Suncorp Term Deposit is well worth a look if you’re after somewhere to stash your savings. It offers rates as high as 4.10% p.a. on 5 year terms, plus gives savers the option to have interest paid out monthly, quarterly, six monthly, yearly or at maturity.
Key features
If you’re looking for a safe place to invest your money, the Suncorp Term Deposit could be a worthwhile option. So long as you are at least 18 years old, you’ll be able to lock away your savings for as little as 1 month or as long as 5 years.
You’ll also have a say in how often you receive your interest. Depending on the length of your investment, interest payments can be made monthly, quarterly, half yearly, yearly or at maturity. Details are provided below:
- Monthly: available for terms between 2 months to 5 years
- Quarterly: available for terms between 6 months to 5 years
- Half yearly: available for terms between 12 months to 5 years
- Annually: available for terms between 13 months to 5 years
- Maturity: available for terms of 12 months or less
Once your term deposit matures, you’ll have the choice of either reinvesting your balance and the interest earned for another term, reinvesting a different amount, or withdrawing it entirely. If you choose the latter, payment will be made to a nominated Suncorp transaction or savings account. You will not have the option to auto-renew at maturity on terms 24 months and over.
For a full run through of all the interest rates available, check out the tables further down the page.
Who is it good for
The Suncorp Term Deposit might be appreciated by anyone after a term deposit with more flexibility when it comes to investment options and frequency of interest payments.
Any catches
If you decide to withdraw your term deposit prior to the maturity date, you’ll have to wait 31 days from the date Suncorp agrees to your request before you’ll receive your funds. There will also be an adjustment to the interest your investment has earned, depending on how early you decide to withdraw it.
Overview of Public Universities in South Africa
Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.
University of Pretoria
- Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
- Application Period: Usually opens in March and closes at the end of July for most programs.
University of Cape Town
- Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
- Application Period: Application opens in April and closes at the end of July.
Stellenbosch University
- Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
- Application Period: Opens in March and typically closes at the end of June.
University of the Witwatersrand
- Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
- Application Period: Begins in March and ends on the 30th of September.
University of Johannesburg
- Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
- Application Period: Opens in April and generally closes by the 30th of September.
University of the Free State
- Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
- Application Period: Typically opens in April and closes at the end of August.
University of Venda
- Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
- Application Period: Usually from May to September.
University of Fort Hare
- Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
- Application Period: Opens around May and closes at the end of September.
University of the Western Cape
- Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
- Application Period: Generally from May to September.
North-West University
- Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
- Application Period: Opens in March and usually closes by the end of August.
Rhodes University
- Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
- Application Period: Applications open in April and close at the end of September.
Nelson Mandela University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
- Application Period: Opens in April, with a deadline at the end of August for most programs.
Cape Peninsula University of Technology
- Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
- Application Period: Opens in May and typically closes by the end of September.
University of Limpopo
- Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
- Application Period: From April to September.
University of Zululand
- Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
- Application Period: Usually between April and November.
Central University of Technology
- Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
- Application Period: Application period generally starts in May and ends in October.
Vaal University of Technology
- Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
- Application Period: Typically from May to September.
Walter Sisulu University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
- Application Period: From April to September.
This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.
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