The Nedbank EasyAccess Deposit Account guarantees you returns of a fixed deposit, be it that you open the account as an individual or for your small business; furthermore, you will have flexible access to 50% of your capital without any change to your interest rate.
It is an investment account by Nedbank and lets you see growth and offers all the benefits of a fixed deposit – and gives you 50% of your capital when you need it without hurting your interest rate. The account’s minimum investment amount is R25 000, invest with Nedbank using the EasyAccess Deposit Account for a year (12 months).
However, there are no additional deposits allowed in this account – you can make a maximum of 2 withdrawals throughout your investment term, and each withdrawal has to be a minimum of R1 000 each.
There are no monthly fees or commission, earned interest may be paid monthly, quarterly, half-yearly, annually or on maturity date when your investment period expires.
Documents required to apply
- Valid ID Document, Smart ID Card or Passport if you are not a South African Citizen.
- If you are not a Nedbank Client, in addition to your Identity document, you will need to provide Proof of Residence which is not older than 3 months.
Furthermore, you can link your EasyAccess Deposit account to your online banking channels, where you can manage and access your EasyAccess Deposit account through Nedbank MoneyWeb (Internet Banking) or Nedbank MoneyApp (Nedbank Mobile Banking App).
Support a cause through Nedbank Affinities programme by opening an affinity-linked investment account at no cost to you.
You can contact Nedbank on 0860 555 111, or visit the Nedbank EasyAccess Deposit Account Page for more information, alternatively, you can visit the nearest Nedbank Branch around South Africa. Nedbank is an Authorized financial services and registered credit provider (NCRCP16)
Nedbank EasyAccess Deposit Account Review