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Read about the Platinum Fixed Deposit account

If you’re sitting on a lump sum and aren’t planning to use it in the near future, a fixed deposit account like Nedbank’s Platinum Fixed Deposit might be one of the best ways to secure guaranteed growth.

Read More

Platinum Fixed Deposit

Last updated: May 28, 2025
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Interest Rate

Fixed interest rate up to 9.00% p.a. (up to 11.31% at maturity).

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Access to funds

Access your money in 24 hours; up to 3 withdrawals allowed.

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Opening Deposit

Opening deposit from R100,000.

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Monthly Fees

Zero monthly fees and no commissions.

Tax Implications

Nedbank provides annual IT3(b) and IT3(s) tax certificates summarising your local and foreign interest/dividends. These documents help you complete your tax return (ITR12) for SARS. One tax certificate is free each year. Additional requests may incur a fee as per the pricing guide.

Read about the Platinum Fixed Deposit account

If you’re sitting on a lump sum and aren’t planning to use it in the near future, a fixed deposit account like Nedbank’s Platinum Fixed Deposit might be one of the best ways to secure guaranteed growth.

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)
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
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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.