Nedbank is one of the “big four” banking institutions in South Africa. The bank was established in 1831 as the Cape of Good Hope Bank. The institution has extensive history in the South African financial industry and continues to expand its services within the South African market.
With its range of products and services, Nedbank has been able to give clients financial solutions which are personalised and suit individual needs. Over the years it has become a reliable and trustworthy institution.
Offering a range of services, the bank also provides options for clients to invest and earn great investment returns.
The Nedbank 1 Year Fixed Deposit is a convenient investment tool provided by the bank. Essentially, they are investment accounts where your money earns interest. Fixed deposits are one of the best known ways to save. Depending on how much you deposit into your account, you can earn quite significant returns on your investment.
More about investing in a Nedbank 1 Year Fixed Deposit:
Clients require a minimum investment amount of R1000.
Clients can also choose an investment term of between 1 month and 17 months.
You can apply at any Nedbank branch. Maintenance can be done on your internet banking profile, so you can do this from wherever you are, at any time of the day.
You can earn fixed, competitive rates.
Interest may be paid monthly, quarterly, half-yearly, annually or on maturity.
Your capital and interest rate are guaranteed, while you can have access to your interest whenever you choose.
There are no monthly fees and commissions.
What you need to apply:
- Valid South African ID or passport (for non-residents)
- Proof of residence
To contact Nedbank, call: 0800 555 111
Visit www.nedbank.co.za for more information.