Fnb Fixed Deposit
As one of the leading banks in South Africa, First National Bank (FNB) understands the changing financial needs that come with growing older. This is why the bank has introduced a range of exclusive banking solutions designed for seniors.
One of these products is the FNB Seniors Fixed Deposit Investment Account, which is designed to offer competitively-priced fixed deposit solutions to clients.
Fixed period + interest rate. Deposit a sum of money for a fixed period of time at a fixed rate of interest. The investment period ranges from as little as seven days to five years. Fixed Deposit Maximum nominal interest rate over 60 months 8.00% Minimum opening deposit of R10 000. The maximum nominal interest rate over 60 months is 8.00%. Minimum opening deposit of R10 000. Customers must be invested in Retirees Value Proposition. An investment account with a. Interest on Current Accounts, Call Accounts and 32 Day Notice Accounts is variable, and interest on Fixed Deposit Accounts is fixed. Early withdrawal on the Fixed Deposit Account and 32 Day Notice Account.
More about the FNB Seniors Fixed Deposit Investment Account:
It’s never too late to start saving. By choosing the FNB Seniors Fixed Deposit Investment Account you can earn competitive interest rates on your investment and increase your wealth in the process.
Fnb Fixed Deposit Interest Rates
By investing in this account you get preferential rates on investments longer than 12 months, if you above the age of 55 years.
All you need to open the account is provide a valid South African ID as well as proof of residence.
With a minimum opening deposit of R10 000, the FNB Seniors Fixed Deposit Investment Account is a convenient investment account with a fixed term. There are no monthly fees involved so you don’t have to worry about having to keep up with various payments that must be made. All you have to do is concentrate on watching your money grow.
You can choose your investment term between 7 days and 60 months, so you can choose your maturity date. An added benefit of this account is that you can access your interest during your investment term. Should you choose, you can add more money to your investment at maturity. You also have the option to reinvest or transfer your interest to another bank account.
Your original deposit and quoted returns are 100% guaranteed.
You can earn a maximum nominal interest rate over 60 months of up to 9.15%.
Visit www.fnb.co.za
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