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Sanlam Liquid now offers a new fixed term investment solution. Invest with any one of our banking partners, i.e. ABSA (member of Barclays Bank), HSBC or Deutsche Bank, decide how long you would like to invest and Sanlam Liquid will manage your fixed term investment for you.

The Sanlam Liquid Fixed Term Investment is aimed at investors who want:

• An investment vehicle with a high return for a fixed period of time;
• Capital protection;
• A known return on investment; and

• The possibility of a regular income, should it be required.

  
  
  

Why choose Sanlam Liquid Fixed Term Investment?

• It’s flexible - you choose where to invest (with one of our three banking partners) and for how long.
• You can choose to receive monthly interest payments or only at the end of the term.
• When your investment matures, you can take the proceeds or choose to transfer it to one of our other banking partners or just select a new term - all the administration is taken care of by Sanlam Liquid.
• You benefit from the competitive interest rates offered on the fixed term investments and by the Sanlam Liquid Savings Account.
• Transparent service fees.

About our banking partners

HSBC

HSBC, has just won Euromoney's premier award as Best Global Bank in the Euromoney'Awards for Excellence 2009. Euromoney said: "The current economic crisis showed up which banks the markets thought were safest - and HSBC came out firmly on top." Euromoney added that 'HSBC has adopted a clear policy of focusing expansion on emerging markets, and on the international connectivity of those markets with the developed world. It is a truly global bank." In addition, HSBC won 16 other awards including Best Global Debt House and Best Global Transaction Banking House.

HSBC Holdings plc is headquartered in the UK and serves over 125 million customers worldwide from over 10,000 offices in 83 countries around the globe. HSBC is one of the world's largest banking and financial services organisations. It established a presence in Sub-Saharan Africa in 1981 and entered the South African market in 1995. In 2003, the Group expanded its regional services with the opening of a Corporate and Institutional bank in Johannesburg. This branch now acts as the regional management office for all of HSBC's Sub-Saharan Africa activities.

Deutsche Bank

Deutsche Bank in South Africa offers a full range of competitive investment banking products. For the past ten years Deutsche Bank has been rated No 1 in Equities (Financial Mail) and has been ranked as the No 1 Broker by Euromoney and Institutional Investor surveys. It was also rated the No1 investment advisor in the Ernst & Young Annual Investment Banking Survey.

ABSA

The JSE-listed Absa Group Limited is one of South Africa’s largest financial services groups. Absa is a subsidiary of Barclays Bank PLC, which holds a stake of 58,8% in the Group. Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the USA, Africa and Asia.

How are investments made into the Sanlam Liquid Fixed Term Investment?

You can invest with Sanlam Liquid at any time in the following ways:

• As a Sanlam Liquid account holder, you can transfer funds from your Sanlam Liquid Debit Card or Sanlam Liquid Savings Account to Sanlam Liquid Fixed Term Investment.
• Sanlam policyholders can request the maturity proceeds of their policies to be credited to Sanlam Liquid Fixed Term Investment.
• Sanlam Collective Investments clients can complete a switch form to transfer their investments.
• One-off debit orders can be set up with an external bank account to the value of the investment required. Sanlam Liquid will then draw the debit order once the instruction is received.

• You can make electronic transfers from any bank account to Sanlam Liquid.

• You can have any other payment made, e.g. gratuity payments, by providing your account number to the payer.
  

* As the Sanlam Liquid Fixed Term Investment is only made once a week, i.e. every Thursday, your money received earlier in the same week will be invested in a Sanlam Liquid Savings Account within 24 hours of receipt. This ensures that you receive a return on your investment until it is transferred to a Sanlam Liquid Fixed Term Investment. The closing date for an investment will be every Thursday at 12h00. When the Thursday or Friday is a public holiday, the investment must be received by 12h00 of the Wednesday.

 

 

How interest accrues

Interest on the Sanlam Liquid Fixed Term Investment will accrue daily on your original invested amount. Interest can be paid out either monthly or at the end of the term. Interest rates quoted exclude any fees charged by Sanlam Liquid and your Sanlam adviser or your broker. Interest rates are available from Sanlam Liquid on the Monday preceding the investment date.

 

 

Fees charged by Sanlam Liquid

Annual service fees charged by Sanlam Liquid are calculated using a sliding scale and are directly related to the size of the investment - larger investments attract lower fees. The fees are calculated daily and deducted from the interest due to the investor. Sanlam Liquid’s annual service fees are detailed in the table below:

Individual Fixed Deposit Amount	3 months	6 months	12 months	24 months	36 months
< R5 000-R24 999	1.5%	1.5%	1.5%	1.5%	1.5%
R25 000-R99 999	1.2%	1.2%	1.0%	1.0%	1.0%
R100 000-R199 999	1.1%	1.1%	0.95%	0.95%	0.9%
R200 000-R999 999	1.0%	1.0%	0.9%	0.9%	0.8%
R1 000 000-R9 999 999	0.8%	0.8%	0.8%	0.8%	0.8%
= and > R10 000 0000	0.5%	0.5%	0.5%	0.5%	0.5%

How to open a Sanlam Liquid Fixed Term Investment

Age Limit	No age limit, but if you are under 18, your parents or legal guardians must sign on your behalf.
Minimum investment	R5 000 per period per bank
Application requirements	Please provide the following: a)Application form - please make sure you complete the section on interest payment. b)A certified copy of your proof of residential address (not older than 3 months). c)A certified copy of your identity document.
Where to send your application	Applications may be faxed to +27 21 957 1012, e-mailed to liquid@sanlam.co.za, delivered to any Sanlam office or posted to Sanlam Liquid, PO Box 1, Sanlamhof 7532.

For more information, contact us.