Nedbank Fixed Deposit Interest Rates
Nedbank Fixed Deposit Interest Rates
Fixed deposits offer great benefits: No transactions are allowed during the investment period, which removes the temptation to withdraw funds prematurely; The minimum capital amount required to open is only M1,000.00; The interest rate and capital amount are fixed for the duration of the investment. Put as little as R1 000 to work for you, for 12 months and enjoy the benefits and returns of a fixed interest rate, tax free. Nedbank offers up to 7,25% in nominal interest rate for a 48 months fixed deposit account. The amount of interest that Nedbank offers is mainly dependent on the amount of investment that a client want to.
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.
Nedbank Fixed Deposit Interest Rates Calculator
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 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.