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
The table below illustrates the interest rate you will receive based on the balance in your Tax-Free Cash Deposit.
Published at 2021-07-01
| Amount | Nominal Interest Rate (per annum) | Annual Effective Rate |
|---|---|---|
| R1 000-R9 999 | 3.25% | 3.30% |
| R10 00 - R14 999 | 3.25% | 3.30% |
| R15 000 - R19 999 | 3.25% | 3.30% |
| R20 000 - R29 999 | 3.50% | 3.56% |
| R30 000 - R49 999 | 3.60% | 3.66% |
| R50 000 - R59 999 | 3.75% | 3.82% |
| R60 000 - R99 999 | 3.75% | 3.82% |
| R100 000 - R499 999 | 3.90% | 3.97% |
| R500 000+ | 3.90% | 3.97% |
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Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is not withdrawn.
The Tax-Free Cash Deposit guarantees your capital and quoted returns and gives you access to your money in 32 days.
What you get with the Tax Free Cash Deposit:
Save for your future goals and know your money is safe.
No Risk. Your original deposit and quoted returns are 100% guaranteed.
It's free. There are no monthly fees
The ability to save from as little as
R1 000
Manage your account Online or the App
Access to your money in 32 days
You must hold an FNB transactional account or open a transactional account to qualify.
Other ways to apply
Complete the call me back form
Find a branch
Contact us on tfitransfers@fnb.co.za or call 087 320 4321
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.
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