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Terms and conditions

1. THE PROMOTER 

Nedbank Limited, reg no 1951/000009/06 (we, us, our), runs this promotion. We reserve the right to make it available to a select group of clients only.

2. PROMOTION PERIOD

The promotion starts on 12 February and ends on 28 February 2022 (promotion period).

3. WHO CAN PARTICIPATE IN THE COMPETITION

3.1    A participant (you, your) must:

3.1.1   be 18 years or older.

3.1.2   have a valid South African identity document.

3.1.3   be a juristic person.

4. THE OFFER

You can earn a preferential interest rate of up to 4,75% on a 32Day Notice Deposit Account or an Electronic 32Day Notice Deposit Account for three months.

5. HOW DO YOU QUALIFY FOR THE OFFER

5.1  To qualify for the offer you must during the promotion period:

5.1.1 open a 32Day Notice Deposit Account or an Electronic 32Day Notice Deposit Account and pay a minimum of R50,000 into this account;

5.1.2 convert your existing 24-hour notice deposit, with a minimum value of R50,000, to a 32Day Notice Deposit Account or an Electronic 32 Day Notice Deposit Account; or

5.1.3 reinvest your maturing investment account, with a minimum value of R50,000, to a 32Day Notice Deposit Account or an Electronic 32Day Notice Deposit Account.

6. HOW THE OFFER IS GIVEN OUT 

If you qualify for the offer, the following applies:

6.1  You will receive the offer only after we have verified and confirmed your details, including your compliance with these terms and conditions.

6.2   The preferential interest rate will be applied for three months from the time you have deposited money in your 32Day Notice Deposit Account or your Electronic 32Day Notice Account, whereafter the standard interest rate will apply.

6.3   We will not be responsible for any technical failures affecting your participation in the promotion or if your entry has been left out from participation.

6.4   If a dispute arises, our decision will be final and binding on all aspects of the promotion, and we will not discuss the matter further.

6.5   We will not be responsible for any delays in your taking up the offer.

6.6   We will not be liable for delays or failure to deliver any part of the offer resulting from acts beyond our reasonable control. We will let you know you as soon as reasonably possible if the offer is affected in this way.

6.7   We reserve the right to replace the offer at any time with another of similar commercial value.

7. GENERAL

7.1   All information about this promotion, including information that is published on any promotion material, is part of these terms and conditions.

7.2   By participating in the promotion, you agree to be bound by these terms and conditions.

7.3   These terms and conditions are available on our website at nedbank.co.za throughout the promotion period.

7.4   We may ask you to consent in writing to endorsing, promoting and advertising any of our services, without payment. You may decline this request, but we will still give you the offer.

7.5   By entering and participating in this promotion, you acknowledge that your personal information needed for the promotion will be shared with us and our agents, but only to the extent necessary for this promotion. Your personal information will be used in line with South African consumer and data protection laws.

7.6   We may extend, shorten or cancel the promotion immediately and without notifying you if it is permitted by law, if we must do so by law, or for reasons beyond our control. If this happens, you will give up any rights that you may have in terms of this promotion and you will have no recourse against us or our agents, contractors or sponsors as a result of the extension, shortening or cancellation.

7.7   We or our directors, employees, agents or suppliers will not be responsible for any direct or indirect loss or damage resulting from your participation in the promotion, or for any accident, injury, harm, costs, or death that you or any other person who participates in the offer sustains at any point during the fulfilment of the offer.

8. MORE INFORMATION

For more information about the promotion call the Nedbank Contact Centre on 0800 555 111.