How is interest calculated on my JN First Class account?
Your interest is calculated daily and applied to your principal at the end of your savings term of either 180 days or 365 days.
Is the interest on my money in my JN First Class account taxed?
Yes. The interest on your savings is subject to a withholding tax of 25%.
Can I withdraw funds whenever I need it from my JN First Class account?
No. Your JN First Class account is a fixed savings account, which means you must agree to save for a specified period of time to realise the maximum interest offered on your savings. You can choose to save for the maximum period of 180 or 365 days. In keeping with the terms of your agreement with us, your account will be closed if a withdrawal is made before your savings have matured and a penalty of six months interest will be applied.
How can I check the balance in my JN First Class account without visiting a branch or Money Shop?
Banking with JN is convenient and easy. You can check the balance in your account at your convenience using our online banking platform JN LIVE. To register, visit www.jnbslive.com.