Savings Account - Nedbank Optimum Savings Account

Nedbank Optimum Savings Account

 
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Nedbank Optimum Savings Account

The Nedbank Optimum Savings Account is part of a portfolio which is designed for clients…

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Nedbank Optimum Savings Account

The Nedbank Optimum Savings Account is part of a portfolio which is designed for clients aged 55 years and older who have at least R10,000 invested in a Nedbank Fixed or notice deposit account, excluding any deposits made with the Nedgroup investments.

Nedbank Optimum Savings Account Features:

  • The Nedbank Optimum Savings Account is exempt from most transactional and maintenance fees.
  • The interest rates and product features are equivalent to those of an ordinary savings deposit account.
  • Interest is earned on all credit balances.
  • The Nedbank Optimum Savings Account is an attractive method of saving funds at market related rates while at the same time, allowing for immediate access to your money.
  • It is convenient as you can transact or make enquiries on your account via any ATM or self service terminal at any Nedbank Branch via telephone banking or over the internet.
  • Maintain at least R10 000 in a Term or Notice deposit excluding any deposits made with Nedgroup Investments, and qualify for exemptions from certain transaction fees, including account maintenance fees.

Qualifying Criteria:

  • You need to be at least 55 years old.
  • You need to have at least R10 000 invested in a Nedbank Fixed or Notice deposit account (excluding any deposits made with Nedgroup Investments).
  • R50 opening deposit is required.
  • R30 minimum balance to be maintained at all times or the accumulated charges, whichever is the greatest.

 

Nedbank contact details:

Address: 135 Rivonia Rd,
Sandown, Sandton, 2196

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

Account Details

Monthly Fee (R) 0.00
Minimum Opening Balance 10000.00
Minimum Age 55
Best Interest 2.20%

Interest Rates

R50 - R1,000 0.80%
R1,000 - R10,000 0.85% - 0.90%
R10,000 - R50,000 0.90% - 1.0%
R50,000 - R100,000 1.0% - 1.20%
R100,000 - 1,000,000 2.20%

Deposits

Cheque Deposit Branch R0.00
Cheque Deposit ATM R0.00
Cash Deposit Branch 1 Free, R6.00 + R1.28/R100.00 thereafter
Cash Deposit ATM 1 Free, R6.00 + R1.28/R100.00 thereafter

Cash Withdrawals

Branch counter R10.00 + R1.28/R100.00
Own Bank ATM 4 Free, R10.00 + R1.28/R100.00 thereafter
Other Bank ATM R10.00 + R1.28/R100.00
Overseas ATM R35.00 + R1.28/R100.00

Account Payments

ATM R0.00
Branch Counter R45.00

Debit Orders

Internal Debit Orders R0.00
External Debit Orders R0.00

Fund Transfer

ATM R0.00
Branch Counter R0.00

Balance Enquiries

ATM R0.00
At Other Bank ATM R5.00
Branch counter R4.00
Overseas ATM/POS NA

Statements

Branch 1 Free, R18.00 thereafter
ATM R0.00

Administration Fees

Bank cheque/marked cheque R40.00
Stop payments R44.00
Stop order R0.00
Special clearance R80.00


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