NEDBANK’S SHADY DEALS!

As elderly pensioners unwilling to request Government help we save by self-denial while young! I’ve been a NEDBANK client (and saver) since 1958! I used to boast about that - but no more! The bank is loudly advertising an interest rate of 8.75% and when I enquired why my account receives only 8.2% (the difference does matter!) there was nil response. So my enquiry changed to a question; “Can you give me one reason why I should continue being ‘shortchanged’ at Nedbank when I receive 8.75% at Investec?”. Again no response until I made some pointed phone calls and what I learned disappointed and angered me….Nedbanks higher rates are for “NEW CLIENTS ONLY”! So there it is - and now you know - Nedbank does not appreciate loyal depositors and conveniently doesn’t even warn them that the only way to access the higher rate is to “close and re-open” your account…losing interest during the process, of course. Or switch to a bank that doesn’t resort to ************** is my advice!

HARD FACTS: