Nedbank Fixed Deposit
Fixed deposits 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. 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. Invest a lump sum and enjoy the returns of a fixed interest rate with a Fixed-deposit Account.
Some good news for savers.
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 Fixed Deposit
Nedbank Interest Rates South Africa
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
- 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.
* Interest rates offered are subject to confirmation when the funds are received by Nedbank
Nedbank Fixed Deposit Calculator
Open your account at any Nedbank.