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A negotiable certificate of deposit is a savings instrument issued by a bank. Investors consider a negotiable certificate of deposit a low-risk, low-interest security

Negotiable Certificate of Deposit

A negotiable certificate of deposit is a savings instrument issued by a bank. Investors consider a negotiable certificate of deposit a low-risk, low-interest security

Why FNB?

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More about: Negotiable Certificate of Deposit

Why do I need this?

  • Interest earned is tax free in the name of an individual
  • Investments can be made for any period up to 365 days
  • Investments are dependent on availability of bills
  • Instruments are traded on a discounted basis
  • Interest is payable on maturity
  • Minimum amount of N$10 000

What can I do with this?

These Bills are issued on a discount basis, currently with initial maturities of 91, 182 and 365 days. This means that income from investing in TBs, at the primary issue, is the difference between the offer (or purchase) price and the nominal (also called face or maturity) value. The Bank of Namibia acts as an agent for the Government.

What is the cost or return?

Rates are negotiated on application.

I want it!

Contact our International Business Centre or give us a call on (061) 299 2314 or 2177.

Contact Details

Contact our International Business Centre. One of our consultants will tell you all you need to know or alternatively, give us a call on (061) 299 2314 or 2177.