The NedTrust product was introduced in March 2001.
| Balance in trust account | rate |
| Amount | % |
| R1 – R999 | 0.00% |
| R1 000 – R2 499 | 0.50% |
| R2 500 – R9 999 | 0.50% |
| R10 000 – R19 999 | 0.50% |
| R20 000 – R49 999 | 0.50% |
| R50 000 – R99 999 | 0.50% |
| R100 000 – R499 999 | 2.50% |
| R500 000 – R999 999 | 2.50% |
| R1 000 000 – R4 999 999 | 3.00% |
| R5 000 000 + | 3.50% |
The cheque service fee formula is R2.55:R1.48:R27.76 (i.e a maximum of R27.76 per cheque issued). Cash deposit fees are R1.29 per R100 or part thereof, and an additional flat fee of R4.20 is charged per deposit. Interest is calculated on daily balance and capitalised monthly.
Nedbank has introduced an enhancement to provide for monthly transmission of net interest to a nominated Law Society. For further information on Nedbank’s professional banking services please refer to their website: http://www.nedbank.co.za/