1. Nedbank Fixed Deposit Rates
2. Nedbank Fixed Deposit Penalty
3. Nedbank Fixed Deposit Interest Rates For Senior Citizens
4. Nedbank Fixed Deposit Rate

1. 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.
2. Nedbank EasyAccess Deposit Account. The Nedbank EasyAccess Deposit Account guarantees you returns of a fixed deposit, be it that you open the account as an individual or for your small business; furthermore, you will have flexible access to 50% of your capital without any change to your interest rate.

Some good news for savers.

Nedbank Fixed Deposit Rates

Nedbank Fixed Deposit Penalty

The Nedbank Fixed Deposit Investment Account is an investment account for a lump sum that will not be needed for a specific period of time. The interest rate is guaranteed for the term of investment. The Account is available to all individual clients younger than 55 years of age, small business and business clients.

Changes to last month. Guess what? A relentless downward spiral in rates seems to slowly be coming to an end. In fact, a few banks - Absa, FNB, Nedbank - actually increased rates on some of their fixed deposits. You can now get slightly better rates +/- 0.5% better for these banks. Standard Bank remains very much at the bottom. If you are a Standard Bank customer, you should probably look to another bank or RSA bonds for better fixed deposit rates. Standard Bank fixed deposit rates remain dismal.

How I update the rates? If you just signed up for my monthly update, I source fixed deposit rates from all the banks & send these summary reports to you on a monthly basis. I put a lot of effort into converting all the rates displayed by the banks into effective annual rates. Some banks like to show simple, others nominal and yet others again effective. I take out all those idiosyncrasies and give you one simple report for easy comparison.

I am working on some other items on this site. Including a tax guide & calculator. I hope to have that up and running soon.

Have a great weekendWalter

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

Nedbank Fixed Deposit Interest Rates For Senior Citizens

• 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.

Nedbank Fixed Deposit Rate

* 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.