Nedbank Fixed Deposit Rates
Posted By admin On 12/07/22The interest rates is applicable for clients younger then 55 years of age and interest options include Monthly/ Quarterly/ Half yearly of the deposit. The balance required is R1000 minimum. Paid Per annum basis. The rate of 7.44% is 0.04% higher than the average 7.4%. You can contact Nedbank on 0860 555 111, or visit the Nedbank Tax-Free Fixed Deposit Account Page for more information, alternatively, you can visit the nearest Nedbank Branch around South Africa. Nedbank is an Authorized financial services and registered credit provider (NCRCP16) Other Tax-Free Accounts. FNB Tax-Free Cash Deposit.
Nedbank Fixed Deposit Interest Rates
Have some surplus cash that won’t be needed for a fixed period?Put as little as R1 000 to work for you, for a period of one month to 17 months and enjoy the benefits and returns of a fixed interest rate.
Features and benefits
- A minimum investment amount of R1 000.
- You can choose an investment period from 1 month to 17 months.
- You earn a competitive, market-related, fixed interest rate.
- Interest may be paid monthly, quarterly, half-yearly, annually or on maturity.
- No additional deposits allowed.
- Your capital and your interest rate are guaranteed – you will always get out more than what you put in.
- No monthly fees and commissions.
- Preferential rates apply if the account is opened and maintained exclusively through a Nedbank digital banking profile.
* Interest rates offered are subject to confirmation when the funds are received by Nedbank.
What you need to apply?
- Your valid South African barcoded ID, smart ID card or passport (for non-residents)
- New clients will need:
- Proof of residence; such as a utility bill, rental invoice or phone account that displays your name and physical address and is not older than 3 months.
Nedbank Investment Rates
Additional benefits
- Link the account to an electronic banking profile. Which means all maintenance – can be done on your internet banking profile.
- Click here to go to Nedbank App Suite
- Nedbank Affinity programme – support a cause through our Affinities Programme at no cost to you. Nedbank will make a contribution to the affinity of your choice when you open an affinity-linked investment.