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Retail Savings Bond
 
 
 

Limited offer
A fixed rate of up to
8,10%pa*
Choosing an investment is probably one of the most important decisions you'll make in your lifetime.
Invest in a Nedbank Retail Savings Bond and have absolute peace of mind because you get a great rate, guaranteed returns and capital security. Visit any Nedbank branch or we'll call you back.


  1. What is a Retail Bond?
    A traditional bond is a certificate of debt (usually interest bearing), that is issued by a Government or corporation in order to raise money. In many respects this is not unlike a Fixed Deposit, whereby a client loans the bank their funds and in return, the bank pays the client interest.
     
  2. What is a Nedbank Retail Savings Bond?
    A Nedbank Retail Bond is a fixed term investment with Nedbank, that is available to clients who are younger than 60 years old. This investment earns a fixed interest rate for the duration of the investment.
     
  3. What is a Nedbank Seniors Savings Bond?
    A Nedbank Seniors Savings Bond is a fixed term investment with Nedbank, that is available to clients who are 60 years of age and older. This investment earns a fixed interest rate for the duration of the investment.
     
  4. Who qualifies to open a Nedbank Retail Savings Bond or Nedbank Seniors Savings Bond?
    Any individual, including non residents will be able to open these accounts.
     
  5. What terms are available for Nedbank Retail Savings Bonds?
    18 months, 2 years, 3 years and 5 years..
     
  6. Is this product a RSA Retail Savings Bond that Nedbank is selling on behalf of National Treasury?
    No, this is a completely independent product offering by Nedbank.
     
  7. Where can clients apply for a Nedbank Retail Savings Bond or Nedbank Seniors Savings Bond?
    - Clients may apply at the Branch – new and existing clients.
    - Clients may apply at Nedbank Call Centre (0860 633 2265) – only available to existing investment clients.
    - Clients may apply at www.netbank.co.za – only available to existing clients who have an internet banking profile.
     
  8. What is the minimum amount required to open a Nedbank Retail Savings Bond or Nedbank Seniors Savings Account?
    R1 000.00
     
  9. What is the maximum amount that can be invested?
    There is no maximum amount that a client may invest.
     
  10. What interest rate will the client earn?
    The client will earn the prevailing interest rate on the day that the account is funded.
     
  11. Are the interest rates the same for each term?
    No, each term has a different rate.
     
  12. Will the rate change on Nedbank Retail Savings Bonds or on a Nedbank Seniors Savings Bonds?
    Once funded, the rate on the Retail bond remains fixed, however interest rates may change from time to time and the prevailing rate at the time of the investment being funded will apply for any new investments.
     
  13. Are there any charges or costs involved?
    There are no charges, costs, or commissions applied to these accounts.
     
  14. How often can interest be paid on these investments?
    Interest on the Nedbank Retail Savings Bond may be paid half-yearly or on expiry.
    Interest on the Nedbank Seniors Savings Bond may be paid monthly, half-yearly or on expiry.
     
  15. Can clients open more than 1 Retail Bond with Nedbank?
    Yes, there is no limit to the number of Retail Bonds that a client may open.
     
  16. Can these accounts be pledged?
    Yes
     
  17. Is interest earned on a Retail Bond taxable?
    Any interest earned on Nedbank Retail Bonds or on Optimum Retail Bonds will be subject to the normal provisions of the Income Tax Act.
     
  18. Will clients receive statements on these accounts?
    No.
     
  19. Can the Nedbank Retail Savings Bond or Nedbank Seniors Savings Bond be sold or traded on the market?
    No.
     
  20. Can this account be linked to an affinity?
    Yes, all Nedbank Investments can be linked to an affinity at no additional cost to the client. Donations to the affinities are based on the client’s average monthly balance. The higher the client’s balance, the more Nedbank will donate.
     
  21. Will the Nedbank Retail Savings Bond and Nedbank Seniors Savings Bond be offered on an ongoing basis?
    No, this will be a limited offer.
     


Choosing an investment is probably one of the most important decisions you'll make in your lifetime.
Invest in a Nedbank Retail Savings Bond and have absolute peace of mind because you get a great rate, guaranteed returns and capital security. Visit any Nedbank branch or we'll call you back.


*Terms and Conditions apply