Nedbank Fixed Deposit
Some good news for savers.
Get a tax-free investment account with Nedbank; you can invest your lump sum capital which guarantees returns with the Nedbank Tax-Free Fixed Deposit Account. Invest the money that you won’t need for a.
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.
Nedbank Fixed Deposit. 7.30% – Nedbank Green Savings Bonds – 8.15%. Nedbank Green Savings Bonds (over 60) – 8.60%. Nedbank OptimumPlus (over 55) 7.70% – Sasfin Fixed Deposit. 8.14% – Standard Bank Fixed Deposit. 7.45%. 8.05%. Limited special offer. For balances up to R99 999; includes 0.15% preferential rate for online account. Get the latest Rates. Get the latest Rates. Having a future plan in place for your finances is a good start. Save monthly for these extra expenses by opening a Nedbank Notice Deposit Account. Features and benefits. Option of 7, 14 or 21-day notice.
Nedbank Investment Rates
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.
Nedbank Fixed Deposit Rates
Have a great weekendWalter