Investment Accounts - Nedbank MoneyTrader Investment Account

Nedbank MoneyTrader Investment Account

 
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Nedbank MoneyTrader Investment Account

The Nedbank MoneyTrader Investment Account offers flexibility and an excellent interest rate which is linked…

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Nedbank MoneyTrader Investment Account

The Nedbank MoneyTrader Investment Account offers flexibility and an excellent interest rate which is linked to prevailing conditions in the money market. The same rates will apply irrespective of the balance of your account. This investment account has no fees and commissions therefore the rate you see is the rate you get. Your capital is fully guaranteed with the Nedbank MoneyTrader Investment Account.

Nedbank MoneyTrader Investment Account Features:

  • The minimum deposit is R50 000.
  • You are able to make additional deposits of R5 000 or more at any time.
  • Your capital is fully guaranteed.
  • You can benefit from the same interest rate that applies irrespective of your balance provided that a minimum balance of R50 000 is maintained.
  • When interest rates increase or decrease, it is applied immediately and is determined at the Bank’s discretion.
  • The interest is calculated daily and paid or capitalized monthly.
  • Partial withdrawals (minimum of R5 000) can be made with a minimum of 24 hours notice.
  • There are no fees or commissions, except that Nedbank reserves the right to charge a fee for cash deposits exceeding R5 000 in any calendar month.
  • All cheques deposited are subject to a clearance period of 7 business days.
  • Only available to Individuals and Small Businesses.

 

Nedbank contact details:

Address: 135 Rivonia Rd,
Sandown, Sandton, 2196

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

Account Details

Highest Interest Rate 6.00%
Min Investment Amount 50000.00
Investment Period 32 days

Interest Rates

R1,000 - R10,000 NA
R10,000 - R25,000 NA
R25,000 - R50,000 NA
R50,000 - R75,000 6.00%
Interest R75,000 - R100,000 6.00%
Interest R100,000 - R500,000 6.00%
R500,000 - R1,000,000 6.00%
R1,000,000 - R5,000,000 6.00%
R5,000,000 + 6.00%


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