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Read about the Electronic Fixed Deposit account

In a world where everything from groceries to investments can be handled from your phone, it’s no surprise that Nedbank’s Electronic Fixed Deposit has become a favorite among savvy savers. Offering some of the highest interest rates for fixed deposits in South Africa — and with zero monthly fees — this account is built for people who want growth without complexity.

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Electronic Fixed Deposit

Last updated: May 28, 2025
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Interest Rate

Interest Rate (p.a.): 7.10% – 10.62%.

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Access to funds

No top-ups or withdrawals allowed during the term.

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Opening Deposit

Opening Deposit R1,000.

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Monthly Fees

Monthly fee is R0.00.

Tax Implications

During tax season, Nedbank provides IT3(b) and/or IT3(s) certificates detailing all interest and dividend income from your account. These must be submitted to SARS along with your ITR12 tax return.

Read More

Read about the Electronic Fixed Deposit account

In a world where everything from groceries to investments can be handled from your phone, it’s no surprise that Nedbank’s Electronic Fixed Deposit has become a favorite among savvy savers. Offering some of the highest interest rates for fixed deposits in South Africa — and with zero monthly fees — this account is built for people who want growth without complexity.

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
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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.