Read about the Fixed Deposit account
Looking for a safe and simple way to grow your money? Nedbank’s Fixed Deposit is a smart option if you have a lump sum ready to invest. With guaranteed returns and zero monthly fees, it offers peace of mind and steady growth.
Read More
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Interest Rate
Interest Rate 6.85% – 10.47%.
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Access to funds
Term Range: 1 to 60 months.
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Opening Deposit
Opening Deposit R5,000
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Monthly Fees
Monthly fee is R0.00.
Tax Implications
During tax season, you will receive a tax certificate IT3(b) and/or IT3(s) on or before end of June. These certificates detail interest and dividends earned, which are required for your ITR12 tax return submission to SARS. One free certificate is issued annually; additional certificates incur a fee.
Read about the Fixed Deposit account
Looking for a safe and simple way to grow your money? Nedbank’s Fixed Deposit is a smart option if you have a lump sum ready to invest. With guaranteed returns and zero monthly fees, it offers peace of mind and steady growth.
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.
