|Updated: 3 November 2022|
AER stands for annual equivalent rate. This shows you what the gross rate would be if interest were paid and compounded each year.
Gross is the rate of interest if interest were paid and not compounded each year.
Interest is payable on the Focus current account at a margin below our reference rate:
Reference interest rate
Interest rate payable
|GBP||Bank of England official bank rate||3.00%||2.50%||0.50%|
|USD||US Federal Reserve target federal funds rate||4.00%||3.00%||1.00%|
|EUR||European Central Bank refinancing rate||2.00%||2.00%||0.00%|
For interest rates on all other currencies, as well as our term deposit services, please call our client services team on +44 (0)1624 645000 from Monday to Friday, 8am to 8pm (UK time), with the exception of UK public holidays.
The minimum cash balance must be maintained if interest is to continue accruing. Please see our terms and conditions for more details.
For more information on our approach to lending, please access the details of our services, or call our client services team on +44 (0)1624 645000 from Monday to Friday, 8am to 8pm (UK time), with the exception of UK public holidays.
|Updated: 3 November 2022|
The Nedbank Private Wealth Lending Rate (Standard Variable Rate)
Base rates and The Nedbank Private Wealth Lending Rate are subject to change. Please see our terms and conditions for more details.
Nedbank Private Wealth is a registered trade name of Nedbank Private Wealth Limited. The parent of Nedbank Private Wealth Limited is Nedbank Group Limited, which is incorporated in South Africa and is regulated by the South African Reserve Bank. The latest audited report and accounts, and details of Nedbank Private Wealth Limited’s credit rating are available for download here. Nedbank Private Wealth Limited is licensed by the Isle of Man Financial Services Authority. Registered office: St Mary’s Court 20 Hill Street Douglas Isle of Man. The Jersey branch is regulated by the Jersey Financial Services Commission. The London branch is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registration No: 313189. The UAE representative office in Dubai is licensed by the Central Bank of UAE. Representation in South Africa is through Nedbank Limited. Registered in South Africa with Registration No 1951/000009/06, an authorised financial services and registered credit provider (NCRCP16).
Nedbank Private Wealth Limited is a participant in the Isle of Man Depositors’ Compensation Scheme as set out in the Compensation of Depositors Regulations 2010. For full details, please see www.iomfsa.im. The Jersey branch of Nedbank Private Wealth Limited is a participant in the Jersey Banking Depositor Compensation Scheme. The Scheme offers protection for eligible deposits of up to £50,000. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details of the Scheme and banking groups covered are available on www.gov.je/dcs or on request. Your eligible deposits with Nedbank Private Wealth Limited, London branch, are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the £85,000 limit are unlikely to be covered. Please ask for further information or visit www.fscs.org.uk.
If you are interested in becoming a client, please complete the form via the ‘become a client’ button below. Alternatively, if you are already a client, or if you have a question about how we help clients in particular circumstances, please use the ‘contact us’ button.
We will get back to you as soon as we can during office hours, which are Monday to Friday, 8am to 8pm (UK time), except for UK public holidays.
Thank you for your interest in Nedbank Private Wealth. Please call us on +44 (0)1624 645000 or complete the requested information and one of our team will get back to you soon. We look forward to speaking with you. Please note: If you are an EU resident, we are unfortunately unable to offer our services to you at present.
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Please call us today on +44 (0)1624 645000. Our office hours are weekdays from 8am to 8pm (UK time), except for UK public holidays.
Or please complete and submit the below form and one of the team will get back to you as requested.
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