Nedbank Retail
<
Overview

Fixed-term deposit account - our fixed-term deposit account is available in a range of currencies. It is most suitable for those clients who are able to predetermine their cash flow and who wish to lock away a sum of money for a fixed period.

Features:
  • Deposit periods range from one month to one year (indication rates for periods longer than one year are available on request).
  • Competitive rates of interest linked to the international money markets.
  • Minimum balance requirement of only £5 000 or currency equivalent.
  • Currencies available: sterling, US dollars, South African rand, euro and Swiss francs.
  • Automatic advice detailing account balance, the prevailing interest rate and maturity date of the deposit.
  • In the absence of instructions to the contrary being received before noon at least one business day before the maturity date, fixed-term deposit accounts will be renewed automatically, together with interest for a similar term at the prevailing rate of interest.
Demand deposit account - this account provides instant access to your funds with highly attractive rates of interest. It is ideal for clients who wish to build up a cash reserve but who may also require these funds at short notice.

Features:
  • Currencies available: sterling, US dollars, South African rand and euro.
  • Minimum balance of £5 000 or currency equivalent.
  • Interest is calculated on daily cleared balances and paid quarterly on the last business days of March, June, September and December.
  • Option to set up standing order and direct debit payment instructions from this account.
Sterling high-interest cheque account - a flexible interest-bearing, instant access account with the optional benefit of a chequebook. It is designed to offer a competitive rate of interest with the convenience of a transaction-based facility.

Features:
  • Minimum balance of £5 000 or currency equivalent.
  • Interest calculated daily on cleared balances and credited quarterly on the last business days of March, June, September and December.
  • Option to set up standing order and direct debit payments from this account.




Copyright© Nedbank Ltd A Member of the OLD MUTUAL Group        Nedbank SA  :  Nedbank Group  :  About Us  :  Disclaimer   :  Media