Read about the Tax-Free Savings account
Looking for a tax-efficient way to grow your money in 2025? Nedbank’s Tax-Free Savings account lets you save without the worry of losing any returns to SARS. From as little as R500, you can unlock interest rates of up to 7.50% per annum. The account is perfect for savers planning for long-term goals like education, a new home, or even just emergency funds.
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Interest Rate
Interest Rate 5.75% – 7.50% p.a. Interest compounds monthly
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Access to funds
Withdrawals Minimum R50 with at least 24 hours’ notice.
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Opening Deposit
Opening Deposit R500.
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Monthly Fees
Monthly fee is R0.00.
Tax Implications
With a Nedbank Tax-Free Savings account, you won’t pay income tax, capital gains tax, or dividends tax on your returns. You can invest up to R36,000 per year and R500,000 over your lifetime. Nedbank will provide an IT3(b) and/or IT3(s) tax certificate annually, which must be submitted with your SARS tax return.
Read about the Tax-Free Savings account
Looking for a tax-efficient way to grow your money in 2025? Nedbank’s Tax-Free Savings account lets you save without the worry of losing any returns to SARS. From as little as R500, you can unlock interest rates of up to 7.50% per annum. The account is perfect for savers planning for long-term goals like education, a new home, or even just emergency funds.
Read More
What you need to apply
- Opening deposit of R30
- Your South African ID
- Proof of residence
(not older than three months)
- Opening deposit of R30
- Valid Passport
- Proof of residence
(not older than three months)
- Work/Resident permit
You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.
