Short-term Investments

Depending on the client’s projection, Nedbank offers short-term investment options that have a transactory element. This set of products is flexible in redeeming off investment funds in case of emergencies. This includes Savings Account with a minimum balance requirement of E100.00.

There is also the Sivuno Account with a minimum balance of E1000.00. Funds can also be accessed via the ATM network. These savings accounts can be used to store excess funds at a credit interest that will be used in the very short term. Interest for invested funds can either be capitalized monthly (allowing an interest on interest earning) or on annual basis depending on the client’s preference. Note that interest capitalized is relatively good for these products.

We also offer the Call Account which is appropriate for clients who need to reserve a certain amount of money for a specific time and/or need. This investment allows automated inter-account transfers between transactional account and itself to avoid excess positions on the main account. The minimum balance is E5000.00.

The Nedplan Notice Deposit is a high interest notice deposit where a client may require funds at short notice. The interest is directly linked to the notice period selected. If you have a minimum of E5000 or more to invest with periodic additional deposits of E250, you can opt for this account. There is no service fee charged.

Medium-term Investments

Products under this portfolio are fixed for a relatively longer period ranging from a month or more. Nedbank to this end offers an investment solution that clients can invest their funds and redeem them via a written notice of intention. Invested funds will attract interest on a monthly basis calculated on a per annum basis. Products under this range are often referred to as Notice Deposits or Terms Deposit.

The Nedbonus Notice Deposit is a notice deposit account whose interest is directly linked to the notice period selected. There is an incentive bonus of 0.1% of the monthly interest for funds not under notice. The minimum investment amount is E5000 and additional minimum deposits of E1000 can be made at any time. The product list is as follows: 32 day notice deposit, 62 day notice deposit and 88 day notice.

Long-term Investments

Products under this portfolio are associated with clients that do not need an immediate use of funds. These funds maybe invested for periods longer than 3 months at any given time e.g. fixed deposits of 3 months, 6 months, 9 months, 12 months and 24 months with a minimum balance of E1000.00.

Note: the client does not have to come to the branch to be updated on the balances thereof as our netbank (internet banking) channel enables clients to view their balances.