Club Savings Account

Club together to achieve your money goal. A secure and convenient solution for societies, clubs and other savings groups.

Zero

2.10-3.10

%

E1,000

On demand

What you get

A savings account for groups of 3 or more, with no maximum limit on members

Free cash and cheque deposits

Two free monthly withdrawals

Competitive monthly interest rates

To apply for this account

You must be a member of a group, society or stokvel

Your group must have at least 3 members

Documents you'll need

A valid ID or passport
Proof of income
Proof of residence for signatories
Constitution for the group or society
Resolution to open the account
Minutes of the last group meeting

Save better, together

The Nedbank Club Savings Account helps groups save towards shared goals while earning interest on their combined savings. The more you save, the more you earn. It’s available to clubs and groups across the country, with support to distribute dividends in a way that works best for your members.

Other investments you might like

Fixed Deposit

Put your money away for a fixed term of your choice and earn a higher interest rate, paid out at the end of your term.

Zero

3.15-4.95 %

E1,000

End of term

Notice Deposit

Earn a competitive interest rate while your money is invested, and when you’re ready, simply give notice and plan the payout date that suits you.

Zero

2.05-3.15 %

E5,000

24 hours

Ngeyakho Savings Account

The Ngeyakho Savings Account is a simple, card‑based account for everyday transactional convenience for people earning E1,500 or less, including pensioners.

Zero

2.10 %

E1,500

Immediate

Ready to invest?

Get started

Alternatively, visit any Nedbank branch or call +268 2408 1000 and speak to a sales consultant.