Read about the Electronic OptimumPlus account
If you’re 55 or older and looking to grow your money safely while enjoying exclusive benefits, Nedbank’s Electronic OptimumPlus account offers the perfect balance between security and performance. With interest rates of up to 11.31% at maturity, you’ll earn more while keeping your savings easily accessible at term-end.
Read More
trending_up
Interest Rate
Interest rate at maturity: 7.40% – 11.31%.
bolt
Access to funds
No withdrawals or top-ups during term.
calendar_today
Opening Deposit
Opening deposit R1,000.
monetization_on
Monthly Fees
Monthly fee is R0.00.
Tax Implications
Nedbank will issue IT3(b) and IT3(s) tax certificates annually. These documents detail all interest and dividend earnings and must be submitted with your ITR12 tax return to SARS.
Only one tax certificate is issued free per year; additional copies may incur a charge. This product is not tax-free, but no capital gains tax applies.
Read about the Electronic OptimumPlus account
If you’re 55 or older and looking to grow your money safely while enjoying exclusive benefits, Nedbank’s Electronic OptimumPlus account offers the perfect balance between security and performance. With interest rates of up to 11.31% at maturity, you’ll earn more while keeping your savings easily accessible at term-end.
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.
