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Fixed Deposit Account |
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Overview
A fixed deposit is an investment of a fixed sum of
money that will not be needed for a specified period
of time, invested by personal and non-personal
investors at a fixed rate. It is beneficial if you
require a regular income and security, in terms of
interest rate and capital.
Features and Benefits
- The interest rate is guaranteed for the term of
the investment.
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"beneficial if you require a regular
income & security" |
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Your money is invested for a fixed period – from 6
months to 12 months
Interest rates - are market related and
competitive
Available for investors seeking capital security;
capital is secure during the term of the investment
Interest payments can be made to suit the client
Qualifying Criteria
- A minimum deposit of M1 000 is required
- Proof of income – payslip or letter from employer
showing monthly income, or Source & Purpose of Funds
Declaration Form
- Proof of Residence – Letter from local chief or
Utility bill
- Valid Passport (together with Residence permit for
non residents)
Disclaimer
Nedbank Lesotho cannot advise you of the tax
implications when making your choice, we recommend
that you seek independent tax advice from your tax
consultant. |
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