Savings Account - Nedbank Save4me Savings Account

Nedbank Save4me Savings Account

 
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Nedbank Save4me Savings Account

The Nedbank Save4me Savings Account, also know as NedSave, has no fees charged except for certain…

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Nedbank Save4me Savings Account

The Nedbank Save4me Savings Account, also know as NedSave, has no fees charged except for certain cash deposits. It is designed for persons between the ages of 0 and 18 and is a pleasing, secure method of saving funds at interest rates above average savings account rates. The Nedbank Save4me Savings Account provides access to your funds with 24 hours notice

Nedbank Save4me Savings Account Features:

  • The Save4me Savings Account offers market leading interest rates from as low as a R50.00 balance. Capital with the Save4me account is guaranteed which means you will always get out more than you put in.
  • If you already have a transactional account with Nedbank, an internal stop order may be set up to transfer money from one account to the other. You benefit from this as it is free and Nedbank will credit the Save4Me account with R2 per stop order credit. In the case of weekly stop-orders, the R2 will be paid after 4 successful credits.

Nedbank Save4me Savings Account Offers:

  • Freedom and flexibility to build up funds for special items or occasions.
  • An effective means to access funds for an emergency.
  • Teaches children the habit of saving on a regular basis.

Note: Nedbank reserves the right to charge a cash deposit fee for total cash deposits exceeding R5,000 in a calendar month.

 

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 50.00
Minimum Age 0-18
Best Interest 5.75%

Interest Rates

R50 - R1,000 4.75%
R1,000 - R10,000 5.75%
R10,000 - R50,000 5.75%
R50,000 - R100,000 5.75%
R100,000 - 1,000,000 5.75%

Deposits

Cheque Deposit Branch R10.00
Cheque Deposit ATM R10.00
Cash Deposit Branch R6.00+ R1.28/R100.00
Cash Deposit ATM R6.00+ R1.28/R100.00

Cash Withdrawals

Branch counter R6.00+ R1.28/R100.00
Own Bank ATM R6.00+ R1.28/R100.00
Other Bank ATM R10.00+ R1.28/R100.00
Overseas ATM R35.00+ R1.28/R100.00

Account Payments

ATM R4.00
Branch Counter R10.00

Debit Orders

Internal Debit Orders R10.00
External Debit Orders R4.00

Fund Transfer

ATM R8.00
Branch Counter R14.00

Balance Enquiries

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

Statements

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

Administration Fees

Bank cheque/marked cheque R20.00
Stop payments R44.00
Stop order R14.00
Special clearance R65.00

Added Benefits

Any client between the ages of 0 and 18 years can apply (not available to juristic persons).


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