What you earn on your

Money Market Account

Balance
Nominal rate p/a*

0.00%

5.50%

5.85%

5.95%

6.25%

6.75%

What you earn on your

GoBanking Account

Balance
Nominal rate p/a*

1.45%

1.50%

4.55%

6.00%

6.00%

6.55%

6.65%

6.80%

6.90%

7.00%

What you earn on your

Optimum Savings Deposit

Balance
Nominal rate p/a*

0.32%

0.37%

0.37%

0.37%

3.10%

3.25%

3.25%

3.25%

3.25%

4.25%

What you earn on your

Nedbank4me (NedSave and CA)

Balance
Nominal rate p/a*

4.75%

4.75%

4.75%

4.75%

4.75%

4.75%

4.75%

What you earn on your

N5000 Bank Account

Balance
Nominal rate p/a*

0.00%

2.50%

5.25%

What you earn on your

Savings Deposit Account

Balance
Nominal rate p/a*

0.32%

0.38%

0.38%

3.00%

3.10%

3.25%

3.25%

3.25%

3.25%

4.25%

What you earn on your

Optimum Bank Account

Balance
Nominal rate p/a*

0.00%

0.00%

0.00%

0.35%

3.10%

3.25%

3.25%

3.25%

3.25%

3.25%

4.25%

Nedbank Credit Cards

Product
Interest rate

22.25%

22.25%

22.25%

22.25%

22.25%

Nedbank Greenbacks Credit Cards

Product
Interest rate

22.25%

22.25%

American Express Credit Cards

Product
Interest rate

From 21.65% to 22.25%

20%

From 21.40% to 22.25%

From 16.75% to 22.25%

SAA Voyager Credit Card

Product
Interest rate

22.25%

Go Banking Credit Cards

Product
Interest rate

22.25%

22.25%

22.25%

22.25%

Business cards

Product
Interest rate

21.65%

Nedbank Private Wealth

Product
Interest rate

10.75%

* Nominal rate per annumThis is the annualised interest rate that you will earn daily and is capitalised monthly. This rate does not take into account the compounding interest effect.
   Annual Effective Interest rate Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is  not withdrawn.

Transparent rate and fee structures

We use plain, simple language, because we’re committed to making our rate and fee structures clear and easy to understand. The 2022 pricing guide for discontinued accounts can be found here

You can also find a guide on fee terms used here.

Bank digitally and save on fees

Bank whenever, wherever with our digital banking tools that are secure and cheaper than visiting a branch or ATM. Find the channel that fits your lifestyle.

Learn more

Ask our bank fees specialists

If you have any questions about fees, call the Nedbank Contact Centre where our fees specialists will help you.  

Call 0860 555 111.

Ombudsman for Banking Services

If you are not happy with our service and have followed our complaint’s procedure but are still not satisfied, you can contact the Ombudsman for Banking Services.

Call 0860 662 837

Visit obbsa.co.za

Tax

Income tax

During tax season, SARS requires you to submit an income tax return (ITR12). We will provide a tax certificate IT3(b) and/or IT3(s) for your investment accounnt for each tax year, on or before the end of June to enable you to complete your tax return.

An IT3(b) will give you a summary of any interest and dividend, both local and foreign, that you would have earned by having money invested.

Should you have a Tax-Free Savings Account with us, you will also receive IT3(s). This certificate will give you a summary of all the details about your Tax-Free Savings account such as interest and dividends.

You will need these certificates for when you complete your Tax Return.

We will provide one free tax certificate each year, if any additional tax certificates are required please find the fees below: