Read about the Tax-Free Fixed Deposit account
In a world of rising living costs, South Africans are constantly looking for ways to save smarter. Enter the Nedbank Tax-Free Fixed Deposit – an option that not only guarantees returns but also lets you enjoy every cent of it without the taxman knocking.
Read More
trending_up
Interest Rate
Fixed returns ranging from 8.05% to 8.56% (depending on your investment amount).
bolt
Access to funds
12-month term.
calendar_today
Opening Deposit
A minimum deposit of just R1,000.
monetization_on
Monthly Fees
Zero monthly fees.
Tax Implications
This is a tax-free investment account. Your returns will not be subject to income tax, capital gains tax, or dividends tax, provided you stay within the annual contribution limit of R36,000 and the lifetime limit of R500,000 set by SARS.
Read More
Read about the Tax-Free Fixed Deposit account
In a world of rising living costs, South Africans are constantly looking for ways to save smarter. Enter the Nedbank Tax-Free Fixed Deposit – an option that not only guarantees returns but also lets you enjoy every cent of it without the taxman knocking.
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.
