Banking Options

COMPARISON OF TRUST CURRENT ACCOUNT BANKING PRODUCTS

This page, which is regularly updated (last updated: 19-03-2016), due to repurchase rate change dated 19 March 2016,  contains:

  • the trust current account details of ABSA, First National Bank, Nedbank and Standard Bank.
  • a download of this page and a paragraph on how to download files.
  • Nedbank, has provided revised credit interest rates after the recent repo rate increase of 0,25% dated 18-03-2016.
  • Absa, has provided revised credit interest rates dated 19-03-2016.
  • Fnb, has provided revised credit interest rates dated, 16-03-2016.
  •  Standard bank, has advised that their credit interest rates will remain unchanged.

Please note that the Attorneys Fidelity Fund cannot be held responsible for the correctness or otherwise of the information supplied. The interest rates quoted are subject to change as they are linked to call rates.

Comparison – Banking Products – AA Rated Banks

For ABSA, click here

For FNB, click here

For Nedbank, click here

For Standard Bank, click here

 

Credit Interest Rates

Balance ABSA FNB Nedbank Standard
1 – 999 1.40% 1.10% 0.00% 0.75%
1000 – 2499 1. 40% 1.20% 2.00% 0.75%
2500 – 4999 1.40% 1.20% 2.00% 0.75%
5000 – 9999 1.40% 1.20% 2.00% 0.75%
10000 – 14999 1.40% 1.30% 2.00% 0.75%
15000 – 19999 1.40% 1.30% 2.00% 0.75%
20000 – 24999 1.40% 1.30% 2.00% 0.75%
25000 – 49999 1.40% 1.30% 2.00% 0.85%
50000 – 74999 2.55% 1.50% 2.00% 1.75%
75000 – 99999 2.55% 1.50% 2.00% 2.20%
100000+ 2.85%,2.90%,3.65%,3,75%,4.05%,4.20%,4.24% 1.50%,2.50%,2.60%,2.70%,3.65%,4.20%click here  4.00%,4.50%, 5.00% 3.00% to 3.75%click here
Attorney Trust Accounts 2015/2016
Sub Product Codes DDA MT
Charge Types Pay-As-You-Use
Monthly Account Fee R 45.00
Cheque Service Fee R45.10 per cheque issued
Cheque Deposit Fee R19.80 per cheque deposit
Inward Unpaid R105.00 per item
Cash withdrawals including cheque encashments <R5,000 <R10,000 <R15,000 <R50,000 <R150,000 >=R150,000
FNB Branch Cheque Service Fee (Min R23.50) plus R 2.66 R 1.96 R 1.59 R 1.40 R 1.16 R 1.16
FNB Bulk Cash Centres R 2.06 R 1.57 R 1.27 R 1.12 R 0.94 R 0.82
Cash Deposits <R5,000 <R10,000 <R15,000 <R50,000 <R150,000 >=R150,000
FNB ATM Advance R3.75 plus R0.48 per R100.00 or part thereof.
FNB Branch (Min Fee R15.00) R8.40 plus R 1.08 R 1.08 R 1.08 R 1.08 R 1.08 R 1.08
FNB Bulk Cash Centres (Min Fee R15.00) R5.00 plus R 2.35 R 1.50 R 1.12 R 0.97 R 0.82 R 0.71

Absa Fees 2015, Attorneys Trust accounts.

Fee type Attorney trust accounts (11043 and 11045) 2015 Pricing
Monthly fee R40.50
First R100 Next R100 Maximum
Service fee R13.50 R3.00 R45.00
First R9 999 R9 999 to R99 999 Above R99 999
Cash fee Branch R7.00 base fee+1.45% 1.15% 0.90%
Cash fee Centre R6.00 base fee+1.45% 1.15% 0.90%
Cash fee Devices R0.00 base fee+1.45% 1.15% 0.90%