Your money will earn guaranteed rates for a fixed period of time. You select a term that meets your individual investment goals. With a Special CD from FNB you'll get the benefit of an even more. The FNB Seniors Fixed Deposit Investment Account is an investment account whereby for a fixed period, you benefit from great returns. FNB Seniors Fixed Deposit Investment Account Features: You will pay no monthly or transactional fees. You are able to choose your investment term from 7 days to 60 months. Fixed Deposit Maximum nominal interest rate over 60 months 8.00% Minimum opening deposit of R10 000.
The Flexi Fixed Deposit Account by FNB requires a minimum opening deposit of R5 000. You can get a maximum nominal interest rate of 6.60% over 12 months. This investment account has a fixed term, and you still get access to a portion of your capital within a day (24 hours).
The Flexi Fixed Deposit Account is risk-free and your capital and quoted returns are guaranteed. During your investment period, you can make two withdrawals of up to 15% of your invested capital with FNB. You have the option to add more money to your account.
With this FNB account is linked to prime lending rates, you can schedule your transactions to make regular transfers into your Flexi Fixed Deposit Account.
Flexi Fixed Deposit features
- You are welcome to make third party payment when you have enough funds available to do so
- Flexi Fixed Deposit Account with FNB has no monthly fees
- You can invest from 3 to 12 months
- Manage your account online with the FNB Internet banking
- Earn eBucks rewards
How to Apply
- you have to be a South African Citizen to qualify for the FNB Flexi Fixed Deposit Account
- You can apply online in easy steps OR have FNB contact you or contact them for investment purposes
- Have a minimum deposit amount of R5 000
- You may visit the nearest FNB branch
Documents needed
- Your Valid South African ID or Smart ID Card
- Proof of residence that’s not older than 3 months
For more information visit the FNB Flexi Fixed Deposit Account Page. First National Bank is a division of FirstRand Bank Limited and it is an Authorized Financial Services and Credit Provider (NCRCP20)
Other Fixed Deposit Accounts
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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.
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.
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