The 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. Deposit a single amount up to a maximum of R20 million to invest over the term you choose; Minimum deposit amount of R10 000; Earn up to 7.71% interest (nominal interest rate) Benefits. The benefits of our fixed-term savings plans: Reinvest the interest or transfer it to your main savings account; Interest rate fixed.

Nedbank Fixed Deposit

Fixed Deposit A guaranteed interest rate for the duration of the investment term makes this investment ideal for an investor looking for a lump sum capital guaranteed investment option.Features

  • Nedbank 3 Month Fixed Deposit The interest rate for this fixed deposit account is for a term of 88 days or approx 3 months and is applicable to clients younger then 55 years of age with interest options including Monthly/ Quarterly/ Half yearly of the deposit. The balance required is R1000 or more. Interest on expiry.
  • Nedbank 6 Month Fixed Deposit. Type Fixed: Rate 6.84%: Currency: ZAR: For this account the interest rates applies to Nedbank clients younger then 55 years of age and the period of investment is 6 months. The interest rate options include Monthly/ Quarterly/ Half yearly with the balance required R1000 or over.
  • Interest rates offered are subject to confirmation at the time of receipt of the funds by Nedbank. Qualifying Disclaimer: The Nedbank Fixed Deposit Investment Account is available to individuals and small business services clients. The minimum deposit to qualify is R1 000.
  • The minimum investment amount is R1 000.
  • You can choose an investment period of between one month and 60 months.
  • You earn a competitive, market-related, fixed interest rate* – paid monthly, quarterly, half-yearly, annually or on maturity.
  • Your capital is guaranteed – you always get out more than you put in.
  • You pay zero fees and commissions.
Fixed

Bank Interest Rates On Deposits

* Interest rates offered are subject to confirmation when the funds are received by Nedbank

Open your account at any Nedbank.


Nedbank 1 Year Fixed Deposit

Overview

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.

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 Internet Banking
  • 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.

Best Interest Rates On Deposits