Waalburg Building, 28 Wale Street, Cape Town
Tel: 021 424 5351

First National Bank Credit Interest Rates and Service Fees

First National Bank’s “Legal Practitioner Trust Account”, offers preferential and standardised rates of interest on Attorneys Trust current account credit balances as follows: repo rate change announced on 18 July 2019, reduction of 25 basis points. Credit interest rates revised downwards with 0.25% effective from 19 July 2019. *Please note: the credit interest rate quoted below is subject to change at any time, without notice.

Rates Table:

Balance Tiers 2019/07/19 to Current 2018/11/27 to 2019/07/18 2018/03/29 to 2018/11/26 2017/07/24 to 2018/03/28
R 1 to R 999 0.85% 1.10% 0.85% 1.10%
R 1 000 to R 9 999 0.95% 1.20% 0.95% 1.20%
R 10 000 to R 24 999 1.05% 1.30% 1.05% 1.30%
R 25 000 to R 49 999 1.05% 1.30% 1.05% 1.30%
R 50 000 to R 99 999 1.10% 1.35% 1.10% 1.35%
R 100 000 to R 249 999 2.10% 2.35% 2.10% 2.35%
R 250 000 to R 499 999 2.20% 2.45% 2.20% 2.45%
R 500 000 to R 999 999 2.30% 2.55% 2.30% 2.55%
R 1 000 000 to R 2 499 999 3.15% 3.40% 3.15% 3.40%
R 2 500 000 to R 4 999 999 3.25% 3.50% 3.25% 3.50%
R 5 000 000 to R 9 999 999 3.70% 3.95% 3.70% 3.95%
R 10 000 000 to R 29 999 999 3.75% 4.00% 3.75% 4.00%
R 30 000 000+ 3.85% 4.10% 3.85% 4.10%

Fees Table:

Legal Practitioner Trust Accounts
Monthly Account Fee R 60.00
Cheque Service Fee R 94.20 per cheque issued Fee Formula: (94.20 / 94.20 / 94.20)
Cheque Deposit Fee Cheque Deposit Fee R 33.00 + R 2.80 per cheque (maximum R 130.00)
Cash Deposit at FNB ATM with Deposits R 4.20 + R 0.65 per R 100 or part thereof
Cash Deposit at FNB Branch R 9.10 + R 1.40 per R 100 or part thereof (min R 28.00)
Inward Unpaid Fee R 150.00 per item

Pricing Guide Location:

The above pricing is effective from 1 July 2019 until 30 June 2020. (Terms and Conditions apply). All other fees pertaining to the “Attorneys Trust Account Scheme” can be accessed on FNB’s Website – Rates + Pricing – Pricing Guide Overview – Business Banking.

Click here to view the banks website for the Legal Practitioner Trust Account page.

Click here to download the Historical Credit Interest Rates from 30-01-2014.

Click here to view the banks website for the Attorney Trust Account Rates.

Please note that the Legal Practitioners 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.