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For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

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By Turnover

First Business Zero (R0 - R5 million p.a) Gold Business (R0 - R5 million p.a) Platinum Business (R5 million - R60 million p.a) Enterprise Business (R60 million - R150 million+ p.a)

Transact

Business Accounts Credit Cards Cash Solutions Merchant Services eWallet Pro Staffing Solutions ATM Solutions Ways to bank Fleet Services Guarantees

Savings and Investments

Save and Invest 3PIM (3rd Party Investment Manager)

Borrow

Overdraft Loans Debtor Finance Leveraged Finance Private Equity Vumela Securities Based Lending Selective Invoice Discounting Asset Based Finance Alternative Energy Solutions Commercial Property Finance Fleet Services

Insure

Insurance

For my employees

Staffing Solutions Employee benefits

Forex + Trade

Foreign Exchange International Trade Structured Trade + Commodity Finance Business Global Account (CFC account)

Value Adds + Rewards

Connect my business the dti initiatives Business Hub eBucks Rewards for Business DocTrail™ CIPC Instant Accounting Solutions Instant Payroll Instant Cashflow Instant Invoicing SLOW 24/7 Business Desk FNB Business Fundaba nav» Marketplace Prepaid products Accounting integrations

Industry Expertise

Philanthropy Chinese Business Islamic Banking Agriculture Public Sector Education Healthcare Franchise Motor Dealership Tourism

Going Global

Global Commercial Banking

Financial Planning

Overview

Bank Better

Demos KYC / FICA Debit order + recipient switching Electronic Alerts

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Corporates + Public Sector

Corporate Public Sector

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Private Banking

Private Banking

Documents required


If you are new to FNB, you will need to undergo a "know your customer" (KYC) check at your nearest FNB branch before you can open your account.

You will need to bring proof of

  • Identity: a South African green bar-coded identity document.
  • Physical address: A recent utility account (not older than three months). For example: rates, taxes, water, electricity or telephone account. You can also use a retail account such as clothing, pharmacy, veterinary or doctors' accounts etc.
  • Income tax number(s): If issued

Tax-Free Cash Deposit


The table below illustrates the interest rate you will receive based on the balance in your Tax-Free Cash Deposit.

Published at 2022-08-02

Amount Nominal Interest Rate (per annum) Annual Effective Rate
R1 000-R9 999 5.75% 5.90%
R10 00 - R14 999 5.75% 5.90%
R15 000 - R19 999 5.75% 5.90%
R20 000 - R29 999 5.75% 5.90%
R30 000 - R49 999 5.75% 5.90%
R50 000 - R59 999 5.75% 5.90%
R60 000 - R99 999 5.75% 5.90%
R100 000 - R499 999 5.75% 5.90%
R500 000+ 5.75% 5.90%

Nominal rate per annum (NACM): This 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.


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Tax-Free Cash Deposit


Enjoy the full reward of your savings


The Tax-Free Cash Deposit guarantees your capital and quoted returns and gives you access to your money in 32 days.

What this is


Flexibility + convenience

What you get with the Tax Free Cash Deposit:

  • Peace of mind as you won't lose your capital or quoted returns
  • Growth on your savings - knowing the value won't be eroded due to monthly fees
  • Access your money in 32 days
  • Convenience to contribute flexibly either monthly or as a once-off lump sum
  • The option to save regularly through a scheduled transfer to maximise tax savings
  • Ability to open an account in your child's name as there is no age restriction
  • You are able to contribute a maximum of R36 000 per tax year, and a maximum of R500 000 during your lifetime completely tax free
 

What's hot


100% capital guarantee

Save for your future goals and know your money is safe.

Guaranteed capital

No Risk. Your original deposit and quoted returns are 100% guaranteed.



Free

It's free. There are no monthly fees



Anytime saving

The ability to save from as little as
R1 000



Convenience

Manage your account Online or the App



Access

Access to your money in 32 days



Applying made easy


Tax-Free Cash Deposit

Qualifying criteria

You must hold an FNB transactional account or open a transactional account to qualify.

Ways to apply

Apply now!

Other ways to apply

Complete the call me back form

Contact us

Find a branch

Transfers to and from another institution

Contact us on tfitransfers@fnb.co.za or call 087 320 4321

Download the Transfer Request Form
FAQs

Documents needed

Existing FNB customers can apply online via their Online Banking profile.

New customers will need to undergo a "know your customer" (KYC) check at their nearest FNB branch before they can open their account.

View documents required