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Term Deposit Account

Term deposit accounts are available in Sterling, US Dollar, Swiss Franc, Euro and Rand.

This account is useful if you can predetermine your cash flow and wish to put aside funds for a fixed period.



Features

  • Available in Sterling, US Dollars, Euro, Swiss Francs and SA Rand.
  • The interest is in accordance with the period of the investment.
  • Interest is paid at the end of the chosen investment period.
  • Joint accounts can be opened for immediate family members.
  • Enjoy a range of options at maturity - Nedbank will contact you personally for further instructions before the maturity date.
 We have compiled a list of quick links to
 help you find your way quicker.

  • Minimum balances GBP5,000 USD7,500 Euro10,000 CHF11,000 and ZAR35,000.
  • If your intention is to move money from South Africa, you will need to be a resident in South Africa and also a registered tax payer.
  • You need to be over the age of 18 and in good standing with the South African Revenue Service.
  • You will need to meet the minimum balance requirements of Nedbank London.
  • Stringent money laundering requirements are in place in the UK and the onus is on you, the investor, to provide proof of source of funds.
  • The regulations of both the South African Revenue Service and South African Exchange Control Authorities are applicable to these banking accounts and clients are responsible for complying with them.

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Nedbank Ltd Reg No 1951/000009/06. We subscribe to the Code of Banking Practice of The Banking Association South Africa and, for unresolved disputes, support resolution through the Ombudsman for Banking Services. We are an authorised financial services provider. We are a registered credit provider in terms of the National Credit Act (NCR Reg No NCRCP16).

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