Banking Options

NEDBANK CREDIT INTEREST RATES AND SERVICE FEES

The NedTrust product was introduced in March 2001. NB.Repo rate change on 2016-03-18. Rates  for Nedbank revised as at 19  March  2016.

Balance in trust account rate
Amount %
R1 – R999 0.00%
R1 000 – R2 499 2.00%
R2 500 – R9 999 2.00%
R10 000 – R19 999 2.00%
R20 000 – R49 999 2.00%
R50 000 – R99 999 2.00%
R100 000 – R499 999 4.00%
R500 000 – R999 999 4.50%
R1 000 000 – R4 999 999 4.50%
R5 000 000 + 5.00%

Nedbank schedule of fees effective, 1 January 2017  to December 2017.The bank reserves the right at its discretion to vary any fee, cost or change at any time and from time to time after giving reasonable notice.

Cash deposit fee : R1.40 per R100 or part thereof. Cash base fee per deposit, is R5.50  charged per deposit.

Cheque deposit   : flat fee of R20.00.

Cash withdrawal : R1.40 per R100 or part thereof, with a minimum of R25.00 in addition to cheque service fees.

Cheque service fee: R40.00

Over the counter statement, R14.00 . Archive statement  R14.00 .

Interest is calculated on daily balance and capitalised monthly. The pricing is valid from 1 January 2017 to 31 December 2017.

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/