Nedbank Money Market Investment Account

The Nedbank Money Market Investment Account is ideal for people seeking market related interest rates with liquidity and full access to their money. The account is flexible with full transactional functionality and interest rates increase with higher balances.

Nedbank Money Market Investment Account Features:

• The earnings are dependent on the prevailing balance in the account and the interest rate band within which the balance falls.
• Electronic channels – (internet, self-service terminals, telephone banking) provide access for transfer, payments and enquiries.
• Debit and stop orders may be processed against the account.
• Deposits and withdrawals may be made at any time, including at ATM’s.
• The Nedbank Cheque card allows you to access your account at thousands of merchants locally and internationally.
• A garage cheque card is also available for all vehicle related expenses.
• The interest is calculated on the daily balance, and paid monthly.
• The transaction charges are levied based on the balance held in the account, the value and type of transaction.
• There is no credit interest is paid on balances falling below the minimum requirement of R20 000.

Nedbank cannot advise you of the tax implications when making your choice. They recommend that you seek independent tax advice from one of Nedbank’s financial planners or your tax consultant.

Nedbank contact details:

Address: 135 Rivonia Rd,
Sandown, Sandton, 2196

Tel: 011 294 4444
Email: [email protected]
Website: www.nedbank.co.za

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Nedbank Money Market Investment Account

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