Fixed / Notice Deposits

Fixed / Notice deposits are an affordable and convenient way to invest your money anywhere from a few days up to 5 years depending on the product you choose. Some of the products allow early access of your funds while other products do not so it is important to be aware of this before you decide on an investment.

Please select which of the following investment product suits your needs:

Which one of these deposit accounts is right for me?

There are two main factors that influence which investment deposit account is best for you. The first being, how long you want to invest the money for and will you need access (to only some or all of the investment amount) before the due date originally agreed upon. If you simply want to be able to access you money with a simple notice period of lets say, 7 days or a month then a notice deposit is probably the most practical for you.

Flexible-fixed deposits are unique accounts that may be suited to you if you wanted to invest your money for slightly longer periods of time but you are unsure if you will need access to some of the funds before the investment matures. In this case you can have access to anything between 15% up to 50% of the investment value by only giving 24 hours notice (you can see by this example that this account is quite similar to that of a notice deposit but just with a quicker time frame to access your funds and a longer initial investment period).

Fixed deposits are the most 'strict' in relation to the other two deposit accounts here as no access is allowed to your money until the initial agreed upon investment period has finished. You must be sure that you will not need access to your funds prematurely when making the decision to invest in this type of investment as it will lead to frustration on your part. The reason banks are so strict with the investment time period is that they need to know when to have cash flow available to pay out these maturing fixed deposits.

The interest rates that are paid to you will also vary according to which type of investment product you choose and as a general rule of thumb, the longer the investment time frame, the higher the interest rate that will be paid to you.

Reviews

ABSA -

03-06-2019

FNB -

30-05-2019

FNB -

Forex

Lianagainsford 21-10-2017

FNB -

Lianagainsford 21-10-2017

ABSA -

11-10-2017

NEDBANK -

2017 30-08-2017

ABSA - online banking

can some one tell me if you can open an account online if you not SA citizen and you live offshore?

ronaldndenda 30-08-2017

ABSA -

ronaldndenda 30-08-2017

ABSA - Student loan

Can i be please granted with a student loan i need to further my studies next year.

Moshiliabne 21-08-2017

FNB - Credit Card Fraud on a card i hadn't received yet

I upgraded my credit card and fraud happened on the card that was still with the couriers and they had linked my cheque card to that card as well and transactions were done also from the cheque account. My question was who linked my cheque card to a credit card that i hadn't received yet and i was given lousy excuses, no apology from the bank what so ever. I then decided to closed both my cheque account and credit card and I want nothing to do with the bank anymore. They might have the best self service channels but their contact centre sucks. bad service, consultant drop calls and are very rude. I wonder if tehy listen to their calls or if they have Quality Assurance. But hey i'm happy with the bank i choose after them. They treat me like i'm their only customer.

18-08-2017

CAPITEC BANK -

Kati 02-08-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

Standard Bank -

27-07-2017

Standard Bank -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

ABSA -

27-07-2017

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