SMME Banking - Investments for SMMEs
Financing for SMME    |     Investments for SMMEs  |     SMME Business Current Account  

Overview

Our range of short term and long term investments are beneficial for depositing surplus funds which are accumulated and earn competitive interest. These include Call Account, Transactor Call Account, Notice Deposits (32/60/88 day Accounts), and Fixed Deposits (6/9/12 Months).


Types of Investments
"beneficial for depositing surplus funds"
  • Call Account
  • Transactor call account
  • Notice Deposits (32/60/88 Day Accounts)
  • Fixed Deposits (6/9/12 Months)


Features & Benefits

  • Call Account - Funds are available to the account holder on demand
    - Interest rates may fluctuate from time to time.
    - Deposit can be made from time to time into this account.
    - Balance limit is M5000.
     
  • Transactor Call Account - Funds are available to the account holder on demand
    - Interest rates may fluctuate from time to time.
    - Initial deposit of M1000,00 ,deposit can be made from time to time into this account to increase the investment..
    - Balance limit is nil.
     
  • Notice Deposits - Funds are available at pre-arranged period of notice depending on notice period of the deposit to the account holder on demand
    - The rates of interest may fluctuate from one deposit to another depending on notice period required. (32/60/88)
    - Initial deposit of M1000.00,can be increased be deposit made from time to time into this account.
     
  • Fixed Deposit - An investment for a fixed period, at a fixed interest rate and . Fixed amount.
    - The interest rate is the same until tat the end of a period.
    - Deposit cannot be made into this account.
    - Minimum deposit of M1000.00


Qualifying Criteria

  • Application Letter for opening an investment account
  • Certified Passport copy
  • Proof of residence of the signatories.
  • For new businesses- requirements are the same as those of the SMME Business cheque account.
Foreign Exchange Rates: February 7, 2012 Loti/$  7.44 Loti/£  11.76 Loti/€  9.75
 Nedbank Lesotho Limited Reg. No 92/191. Nedbank Lesotho is a member of the Old Mutual Group.