Some good news for savers.
Nedbank 3 Month Fixed Deposit The interest rate for this fixed deposit account is for a term of 88 days or approx 3 months and is applicable to clients younger then 55 years of age with interest options including Monthly/ Quarterly/ Half yearly of the deposit. With the FNB Flexi Fixed deposit, you can save over a longer time period. An investment account with a fixed term, while giving you access to a portion of your money, within 24 hours. The maximum nominal interest rate over 12 months is 3.60%. Minimum opening deposit of R5 000. In fact, a few banks - Absa, FNB, Nedbank - actually increased rates on some of their fixed deposits. You can now get slightly better rates +/- 0.5% better for these banks. Standard Bank remains very much at the bottom. If you are a Standard Bank customer, you should probably look to another bank or RSA bonds for better fixed deposit.
Nedbank Fixed Deposit Interest Rates Have some surplus cash that won’t be needed for a fixed period?Put as little as R1 000 to work for you, for a period of one month to 17 months and enjoy the benefits and returns of a fixed interest rate. The Nedbank Green Savings Bonds Investment Account is a fixed term investment with excellent rates and capital security. It provides options for 18 to 60 months. The Nedbank Green Savings Bonds Investment Account is South Africa’s first savings bond that offers consumers the option to contribute towards the creation and development of the.
Changes to last month. Guess what? A relentless downward spiral in rates seems to slowly be coming to an end. In fact, a few banks - Absa, FNB, Nedbank - actually increased rates on some of their fixed deposits. You can now get slightly better rates +/- 0.5% better for these banks. Standard Bank remains very much at the bottom. If you are a Standard Bank customer, you should probably look to another bank or RSA bonds for better fixed deposit rates. Standard Bank fixed deposit rates remain dismal.
How I update the rates? If you just signed up for my monthly update, I source fixed deposit rates from all the banks & send these summary reports to you on a monthly basis. I put a lot of effort into converting all the rates displayed by the banks into effective annual rates. Some banks like to show simple, others nominal and yet others again effective. I take out all those idiosyncrasies and give you one simple report for easy comparison.
I am working on some other items on this site. Including a tax guide & calculator. I hope to have that up and running soon.
Nedbank Fixed Deposit
Have a great weekendWalter