FNB INFLATION LINKED DEPOSIT ACCOUNT RULES

These terms and conditions apply to your investment account with First National Bank, a division of FirstRand Bank Limited. It constitutes an
agreement between you and FNB. By opening the account, you agree to be bound by these terms and conditions. For purposes of these rules the
words, us, our, we or the bank only refers to First National Bank and you or your refers to the account holder.
Amount you must deposit into the
account when you open it

At least R 50,000 (fifty thousand rand).

Your account may not fall below this

balance

R 50,000.00 (fifty thousand rand).

What interest will you earn, how and

when is it calculated and paid?

The interest you will earn is linked to the headline inflation rate in South Africa as published monthly
by Statistics South Africa. This means the interest you earn on your account will change if there are
fluctuations in inflation. The interest rate will be equal to or higher than inflation. Interest will be paid
to you monthly. Interest will be paid into the account of your choice. Your capital is guaranteed
during the investment term.

Can you deposit money into the account

at any time?

You are not allowed to make any additional deposits after you open the account.

Fees you must pay us

Your financial planner may charge you a once off fee. The fee will be deducted from your investment
deposit.
No additional fees or management fees will apply.
Penalty fees apply to early redemptions. (Withdrawal of investment before the end of the investment
term.)

The minimum amount of time the money

must stay in your account

For Fixed period, as per the agreed term invested for. Refer to confirmation letter which sets out the
term and interest rate.

When can you withdraw money from the

account?

Early withdrawal of funds is not allowed. You may only withdraw money from this account at
the end of the fixed period. In extreme circumstances we may at our discretion allow an early
withdrawal. However, an early withdrawal will attract penalty fees as determined by us from time to
time. These penalty fees may reduce your capital amount.

What happens at
investment term?

You must tell us how to handle your funds at the end of the investment term. If we dont receive any
instructions from you, we will automatically reinvest your funds at the prevailing interest rate for the
same time period as the matured investment. In the case of automatic re-investments, you have a 7
day grace period from the renewal date to change the investment instructions.

Other

the end of

the

You will only receive account statements on request. Statements will be sent by email, unless you
ask us to post your statements. This account may only be opened in the name of private individuals.

Note: The Savings & Investment Account General Terms & Conditions also apply to you. A copy of these terms & conditions is available on
www.fnb.co.za or from our call centre.

First National Bank, a division of FirstRand Bank Limited. Reg.No.1929/001225/06.

An Authorised Financial Services and Credit Provider (NCRCP20)