Nedbank Money Market

Nedbank Money Market

Overview

Life is not rigid, and savvy people know that if they want to succeed, they need to be flexible – and that goes for their investments too. If you want the returns of an investment account, coupled with the convenience of a transactional account, look no further than the flexible Money Market Investment Account.

Features and benefits

  • A minimum balance of R20 000 must be maintained in order to earn interest.
  • Interest rates are tiered according to your account balance – the higher the balance, the higher the interest rate you earn.
  • Interest is calculated daily and capitalised monthly.
  • This account can be used to pay debit and stop orders.
  • You can make withdrawals at any Nedbank ATM at any time and deposits at selected Nedbank ATMs.
  • Your unique Nedbank cheque card can be used at local and international merchants.
  • There is an optional garage card for vehicle-related expenses.
  • You will have full access to Nedbank digital channels – internet, telephone, self-service terminals and App Suite™.
  • Transaction charges are levied according to the balance in the account and the type and value of the transaction.

* Interest rates offered are subject to confirmation when the funds are received by Nedbank.




What you need to apply

  • Your valid South African barcoded ID, smart ID card or passport (for non-residents)
  • New clients will need:
  • Proof of residence; such as a utility bill, rental invoice or phone account that displays your name and physical address and is not older than 3 months.

Additional benefits