Fnb Fixed Deposit
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.
Deposit and withdraw cash conveniently at any FNB Cash Plus agent listed below instead of queuing at branches or ATMs. All you need is an FNB account and be registered for Cellphone Banking. Additional Cash Plus services include airtime and electricity purchases. Account Type Minimum Deposit Compounding Frequency Interest Rate Annual Percentage Yield; 3 MONTH CD: $2,500.00: Quarterly: 0.15%: 0.15%: 6 MONTH CD: $1,000.00.
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
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Fnb Fixed Deposit Account Zambia
Rates effective as of March 4, 2021
Savings Deposit Rates Schedule
| Account Type | Interest Rate Tier | Compounding Frequency | Interest Rate | Annual Percentage Yield |
|---|---|---|---|---|
| SAVINGS | $50 - $9,999.99 | Quarterly | 0.07% | 0.07% |
| $10,000 - $49,999.99 | Quarterly | 0.07% | 0.07% | |
| $50,000 - $99,999.99 | Quarterly | 0.07% | 0.07% | |
| OVER $100,000 | Quarterly | 0.07% | 0.07% |
Checking Deposit Rates Schedule
| Account Type | Interest Rate Tier | Compounding Frequency | Interest Rate | Annual Percentage Yield |
|---|---|---|---|---|
| NOW | $1,000 - $4,999.99 | Monthly | 0.08% | 0.08% |
| $5,000 - $24,999.99 | Monthly | 0.10% | 0.10% | |
| OVER $25,000 | Monthly | 0.12% | 0.12% | |
| MMA | $1,500 - $4,999.99 | Monthly | 0.08% | 0.08% |
| $5,000 - $24,999.99 | Monthly | 0.10% | 0.10% | |
| $25,000 - $99,999.99 | Monthly | 0.12% | 0.12% | |
| OVER $100,000 | Monthly | 0.14% | 0.14% |
Fnb Fixed Deposit Interest Calculator
CD Deposit Rates Schedule**
Fnb Fixed Deposit Rates
| Account Type | Minimum Deposit | Compounding Frequency | Interest Rate | Annual Percentage Yield |
|---|---|---|---|---|
| 3 MONTH CD | $2,500.00 | Quarterly | 0.15% | 0.15% |
| 6 MONTH CD | $1,000.00 | Quarterly | 0.20% | 0.20% |
| 12 MONTH CD | $1,000.00 | Quarterly | 0.30% | 0.30% |
| 18 MONTH CD | $1,000.00 | Quarterly | 0.40% | 0.40% |
| 24 MONTH CD | $1,000.00 | Quarterly | 0.50% | 0.50% |
| 30 MONTH CD | $1,000.00 | Quarterly | 0.60% | 0.60% |
| 36 MONTH CD | $1,000.00 | Quarterly | 0.70% | 0.70% |
| 48 MONTH CD | $1,000.00 | Quarterly | 0.80% | 0.80% |
| 60 MONTH CD | $1,000.00 | Quarterly | 0.90% | 0.90% |
IRA Deposit Rates Schedule**
| Account Type | Minimum Deposit | Compounding Frequency | Interest Rate | Annual Percentage Yield |
|---|---|---|---|---|
| 18 MONTH IRA (Variable) | $100.00 | Monthly | 0.50% | 0.50% |
| 48 MONTH IRA (Fixed) | $250.00 | Monthly | 1.09% | 1.10% |
(Variable) Variable-rate changes weekly
**Substantial penalty on early withdrawal – Fees May Reduce Earnings
Mountaineer Savings Club Accounts – Interest is Compounded Annually