The Nedbank Money-24 Investment Account is a money market investment account that offers you competitive tiered interest rates and access to your funds within 24 hours.

Features

• Minimum deposit is R10 000
• Additional deposits of R1 000 or more can be made at any time
• Monthly stop orders are available, but only from Nedbank cheque or savings accounts. The minimum stop order is R1 000
• Partial withdrawals (minimum R1 000) are permitted, provided the minimum deposit of R10 000 is maintained
• Interest is calculated daily, and can be paid or capitalised monthly
• Monthly statements are issued
• Limited digital banking functionality is available

Benefits

• Competitive interest rates that are tiered according to the balance
• Only 24-hours notice is required to withdraw funds, except where the following day is a Sunday or public holiday. In these cases the funds will be paid out on the following business day
• All cheques deposited are subject to a clearance period of seven business days
• If interest rates rise or fall, the higher or lower rates will apply immediately

Bank Charges

• Service fees or transaction charges aren’t applicable

Qualifying Criteria

• Minimum deposit is R10 000
• Only available to Individuals and Small Business Services clients

Disclaimer:
Nedbank cannot advise you of the tax implications when choosing investment products, therefore we recommend that you seek independent tax advice from one of our financial planners or your tax consultant.