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Read about the PrimeSelect account

If you’re someone who likes to plan ahead but still wants the comfort of knowing you can access your money when needed, Nedbank’s PrimeSelect investment account is a game-changer. With the ability to make up to 5 withdrawals and still earn interest, you won’t be penalised for needing your funds in a pinch.

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PrimeSelect

Last updated: May 28, 2025
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Interest Rate

Interest rate at maturity 5.50% – 5.83%.

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Access to funds

Up to 5 withdrawals allowed during the investment term.

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Opening Deposit

Minimum opening deposit R5,000.

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Monthly Fees

Monthly fee is R0.00.

Tax Implications

During tax season, Nedbank will issue an IT3(b) for interest and dividends earned and an IT3(s) if you have a Tax-Free Savings Account. These documents are essential when completing your tax return (ITR12) to SARS. The first tax certificate is free annually; additional copies are subject to standard fees.

Read about the PrimeSelect account

If you’re someone who likes to plan ahead but still wants the comfort of knowing you can access your money when needed, Nedbank’s PrimeSelect investment account is a game-changer. With the ability to make up to 5 withdrawals and still earn interest, you won’t be penalised for needing your funds in a pinch.

Read More

What you need to apply

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South African Citizens

  1. Opening deposit of R30
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
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Non-South African Citizens

  1. Opening deposit of R30
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.

Savings Calculator



Interest Earned: R0.00

Total Savings: R0.00

What you need to apply

badge

South African Citizens

  1. Opening deposit of R30
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Opening deposit of R30
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.