Nedbank Fixed Deposit Interest Rates
A fixed-term deposit term ranges from one month onwards and is tailored to your specific business needs. Your business gets the flexibility of investing for a specific period of time with a guaranteed interest rate. Find SAs best fixed deposit rates 🚀. About Latest Rankings Banks Calculator Blog Get Free Stuff. SA's Best Fixed Deposit Rates. South Africa's fixed deposit rates compared 😃 Get Started. Get Free February Report. Best 3 Month 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.
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.