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Overview

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Fixed deposits

  • Fixed deposits are popular among retirees since your cash can be invested over a longer term, guaranteeing both capital and growth, so your investment remains safe and continues to grow.
  • Investors know in advance the amount of interest they will earn, providing peace of mind.
  • The interest rates increase the higher the amount invested and the longer the term, so returns can be optimised.
  • Preferential interest rates are paid on your fixed deposits of 12 months and longer, provided you hold a qualifying Cheque or Fusion account, which could add a significant amount in interest returns, to ensure investment growth or monthly income supplements in uncertain times.
  • You can opt to have the monthly interest paid out to supplement your income and to have cash available for emergencies.

 

Living Annuity (LA)

  • Structure your retirement to suit your specific income needs choosing to receive an income of between 2.5% and 17.5% per year.
  • Continue participating in the market after retirement.
  • All capital gains, dividends and interest earned are tax free however, tax is paid on the income drawn from your LA at your marginal tax rate.

Insured by FirstRand Life Assurance Limited.

The value proposition which is included in the terms and conditions of the Living Annuity underwritten by FirstRand Life Assurance is not guaranteed and may be cancelled at the discretion of FirstRand Life.

 

What you need to invest

Bring your investments to FNB and we will reduce or remove your monthly transactional fees.

FNB Gold

Invest R150 000 and get 50% off your monthly account fee, or invest R250,000 and get 100% off.

FNB Premier

Invest R300 000 and get 50% off your monthly account fee, or invest R500,000 and get 100% off.

FNB Private Clients

Invest R500 000 and get 50% off your monthly account fee, or invest R1,000,000 and get 100% off.

FNB Private Wealth

Invest R1,000,000 and get 50% off your monthly account fee, or invest R2,000,000 and get 100% off.

These criteria, insofar as they relate to the Living Annuity policy, form part of the Living Annuity terms and conditions.

 

Bank better

  • Free unlimited card purchases (swipes or tap - contactless payments)
  • Get up to 30 days interest free on your FNB Fusion Card and up to 55 days interest free on your FNB Credit Card purchases
  • Free payments and transfers (FNB App, Online Banking, Cellphone Banking)
  • Personalised interest rates on your facility

 

Reward yourself

  • Free eBucks Rewards membership
  • Access exclusive promotional interest rates on Apple devices, Cycle Lab and The Pro Shop hardware when paying for your purchase on your credit card

 

Easy to manage and maintain

  • Transact safely and conveniently on the FNB App and Online Banking
  • Use the FNB App to increase or decrease your credit facility limit, temporarily block your card or manage your card

 

Access real help

  • Access to convenient help any time via Secure Chat® and a dedicated Service Suite or Banker to help manage your money
  • Access nav» Money on the FNB App to keep track of your money
  • Access to Wellness Benefits via nav» Wellness on FNB App

 

Credit card benefits

  • Personalised interest rates
  • The option to move your unexpected medical transactions to budget, over 6 months at a promotional interest rate of prime
  • Autopayment options are available
  • FREE credit card if you have a Fusion or Current account as part of the bundle offering
  • Exclusive offers from partners such as iStore, The Pro Shop and Cycle Lab. Get a promotional interest rate of prime on selected Apple devices, golf clubs, and bicycles
  • Up to 55 days interest free on card purchases made on the straight facility

 

Suretyship lending

Suretyship lending is also available to you so you can:

  • Leverage the equity in your existing property to assist your child/children purchase a property, by standing surety on the home loan.
  • Leverage the equity in your existing property by standing as surety to gain access to finance, while setting up your child as the borrower on the home loan.

 

FNB Home Loan

With an FNB Home Loan you get:

  • Up to 100% of the value of the home loan
  • Preferential interest rate
  • A discount on bond registration attorney fees (applicable to applications submitted via nav» Home only)
  • No early settlement fees on bond cancellation fees
  • Get 50% back in eBucks on your first home loan repayment, capped at R6100 (eB 61000)*

*Only applicable to applications submitted via FNB Internal Channels

 

FNB Insure

  • Pay zero excess on your building, home contents and portable possession insurance at no additional premium to you*. Plus, get up to 15% of your premiums back in eBucks** every month.
  • FNB Purchase Protect offers insurance for items purchased with your FNB Virtual Card at no cost to you.

*Insured by FirstRand Life Assurance Ltd, a Licensed Life Insurer.
**eBucks is embedded and earn rules apply
Terms and conditions apply.
Qualifying criteria needs to be met to be eligible for these benefits.

 

FNB Connect

Experience convenience like no other network, with an extra 1GB of data, each month, for customers over the age of 60.

Order, activate, port and maintain your FNB Connect SIM on the FNB App. Plus, enjoy these benefits that are tailor made for you:

  • No more long-term contract. Month-to-month top up plans give you control & flexibility to manage your mobile spend
  • Monthly data, voice minutes and SMS on your FNB Connect SIM at no extra cost*
  • Affordable device deals on the FNB Connect shop
  • No additional charges when buying prepaid airtime/data using the FNB App

*Connect Rewards allocation is based on transactional account type.

 

eBucks

Save with great discounts and earn eBucks for doing everyday things, in your retirement.

Our rewards programme has been tailored to suit the changing needs of our retired clients.
At FNB we give you access to a focused rewards programme and superior benefits, allowing you to make the most out of your rewards. You can conveniently use your eBucks to shop at the eBucks shop or with our key eBucks partners to purchase just about anything.

With us you get rewarded in your retirement

  • Earn double eBucks reward level points when you invest with us
  • Get discounts of up to 40% on selected deals on eBucks Shop and eBucks Travel
  • Double your eBucks and Clicks ClubCard points every Wednesday at Clicks on your health and beauty spend
  • Enjoy a cappuccino on us every week at Starbucks. To qualify, make 5 or more payments per week using your FNB Virtual Card, FNB pay or partner wallet* for any purchase.

Terms, conditions and earn rules apply.
*Partner Wallets: Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay.

 

FNB Single Facility®

A single transactional and home loan facility that saves you approximately R16 000* in monthly account fees.

  • Get 100% finance plus costs covered with flexible monthly repayments
  • Get a 0.25% discount on your prime interest rate simply by banking with FNB**
  • Enjoy the benefits of up to R6100 back in eBucks, discounts in attorney bond registration costs and 10% off alternative energy solutions with your FNB Single Facility®. Plus, up to 0.50% off your preferential prime interest rate for edge certified properties
  • Customers 60 years and over can leverage equity from an existing property for credit to help loved ones. Plus, they can leverage existing investments to gain quick access to inexpensive funding through FNB Single Facility®
  • Get peace of mind knowing that your property investment is being covered by FNB's Dynamic Life cover that adjusts with your home loan*, through our global award-winning insurer, and get rewarded by eBucks as well

*Applicable on the bundled offering
**Main banking rules apply. Visit www.fnb.co.za for more information.
Terms, conditions and rules apply.
First National Bank-A division of FirstRand Bank Limited. An authorised Financial Services and Credit Provider (NCRCP20).

 

Getting more

  • Get FREE Global Travel Insurance cover when you use your qualifying FNB card to purchase your local or international return travel ticket(s). This cover is available to qualifying cardholders up to the age of 70, not yet 71. If you are over 70, FNB provides a special type of insurance to suit your needs.
  • Access a FREE budget facility to repay large purchases over a period of 6 to 60 months with a purchase amount from R200 or more and the option to structure your credit limit between straight and budget
  • FREE additional credit cards (1 for Premier, 3 for Private Clients and 5 for Private Wealth customers)
  • No initiation fee on your Fusion Card

 

Other ways to apply

Contact your FNB Financial Planner

 

How to open a retirement annuity on the app in less than 3 minutes

  1. Simply login to the FNB App
  2. Select 'My Investments'
  3. Navigate to 'Retirement'
  4. Select 'Retirement Annuity' and 'Apply now'

Tip: Have your tax number ready.

 

Qualifying criteria

  • Retired individuals, who are 60 years or older can access our retirement solution.
  • Meet relevant balance criteria to qualify for reduced or no monthly fee*, as per "What you need to invest" and meet other minimum product qualifying criteria.
  • If your investment balance, or part thereof, is held in a living annuity the following qualifying criteria apply:
  • You must be 60 years of age or older;
  • Have a living annuity investment within the Horizon Series Unit Trusts.

*The fee reduction is dependent on meeting and maintaining above qualifying criteria in all investments, including a living annuity.

These criteria, insofar as they relate to the living annuity policy, form part of the living annuity terms and conditions.

It's time to take it easy

and make the most out of your retirement

Now you can enjoy the benefits of a solution designed specifically to cater towards your unique needs, post retirement. Easily access financial advice with our team of specialists who are able to assess your financial position holistically, giving you the ability to stretch your investment returns and help you make your money go even further.

We can help you manage your money when you retire

You may receive a lump-sum payout from your retirement savings when you retire. Let us help you manage your investments to ensure you have sufficient income over the upcoming years, allowing you to enjoy your retirement.

What's more, retirees over 60 could pay reduced or even no monthly transactional account fees depending on their investment balance and earn preferential rates on their fixed deposits.

We can help you save towards retirement with our newly launched Retirement Annuity (RA).

  • How to open a retirement annuity on the app in less than 3 minutes

Living Annuity (LA)

Easily invest your money that was saved in a pension, provident, preservation or retirement fund.

  • Read more

Fixed deposits

Cash investments are an important part of a diversified investment portfolio given that the capital and returns are 100% guaranteed.

  • Read more

Invest with us & get more

Move your investments to FNB and pay a reduced fee of 50% or no monthly account fee on your transactional account. Plus, earn double eBucks rewards level points when you invest with us.

  • What you need to invest

Doing more with your everyday banking

Bank better

Free unlimited card purchases (swipes or tap - contactless payments)

  • Read more

Getting more

Free budget facility of up to 60 months

  • Read more

Easy to manage and maintain

Get notified of funds going in and out of your account.

  • Read more

Credit card benefits

Up to 55 days interest free on credit card purchases

  • Read more

Reward yourself

Free eBucks Rewards membership

  • Read more

Access real help

Access to convenient help any time via Secure Chat® on the FNB App

  • Read more

We can help you purchase a property

FNB Home Loan

We offer our Private Clients and Private Wealth customers customised benefits to match every stage of their lives.

  • Read more

FNB Single Facility®

A single transactional and home loan facility that saves you in monthly account fees.

  • Read more

Get rewarded in your retirement

eBucks

With us you get rewarded in your retirement. that save

  • Read more

FNB Connect

Experience convenience like no other network. that other

  • Read more

FNB Insure

Stress less by protecting your assets and valuables.

  • Read more

Leaving a lasting legacy

We are here to provide advice and assistance on how to structure your affairs to ensure that you can leave behind the legacy that you have created. In addition we can assist you with a professionally drafted last Will and Testament, for free.

Let our team of expert executors minimise the stress associated with settling your estate by guiding and supporting your family through the complex deceased estate administration process at a discounted fee*.

*Based on an assessment of your assets and complexity of your estate.

First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider 1929/001225/06 (NCRCP20).

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