Savings Account

Overview

The Nedbank Savings account offers a secure, attractive method of  saving funds at market-related rates, while at the same time allowing for  immediate access to funds. It provides an effective means to build up  funds or save, and a convenient way to manage your finances.


Features and Benefits

  • To gain immediate access to cash in any emergency
    "attractive method of saving funds at market-related rates"
  • Funds can be transferred from your savings account to another account
  • Access to credit facilities on application.
  • Very low maintenance fees
  • Interest is earned on balances more than M500, the higher the balance the higher the rate.
  • Use of ATM card can be used to withdraw cash at any Cashpoint or Saswitch ATM

Qualifying Criteria
 
  • Proof of income – payslip or letter from employer showing monthly income, or Source & Purpose of Funds Declaration Form
  • Proof of Residence – Letter from local chief or Utility bill
  • Valid Passport (together with Residence permit for non residents)
  • A minimum amount of M50 is required to open your savings account.
  • Minimum balance requirement of M50.

For more information contact one of our Personal Bankers or Relationship Manager, or visit your nearest branch.
Foreign Exchange Rates: September 5, 2010 Loti/$  7.18 Loti/£  11.45 Loti/€  9.49
 Nedbank Lesotho Limited Reg. No 92/191. Nedbank Lesotho is a member of the Old Mutual Group.