Group Savings

Achieve your goals with our simple and secure savings accounts. Ideal for any club, stokvel or society including investment, groceries, burial, business, school or property groups.

Zero

3.75–5.50

%

R100

Immediate

What you get

Safe and secure account management by 3 of your own, chosen representatives

Immediate access to your money when you need it

The more money you save, the more interest you earn

Growth

Your savings are secure and earnings are guaranteed.

You'll earn more interest as your money grows.

You may earn interest between 3.75 - 5.50% monthly.

Rates and fees

Zero account maintenance fees.

Free stop orders from your Nedbank account. 

Free deposits at Nedbank ATMs

Teller cash deposit fees will apply.

Flexibility

You’ll have instant access to your money when you need it.

The minimum amount you can withdraw is R100.

Convenience and Control

You can make additional deposits directly from your Nedbank or other bank account.

 

Access

View and retrieve statements from your account directly on the Money app.

 

Security

You’ll need a minimum of three signatories to open the account.

At least two of your signatories must be present when doing certain transactions.

Rewards and affinities

Clients who have taken up funeral cover and make a minimum deposit of R1,000 into their account every month from January to October qualify for certain rewards at the end of the year.

 

 

 

 

 

 

 

 

 

 

Choose between our Club or Stokvel Account for tailored banking that suits your group-saving needs

Club Account

Unlimited deposits and withdrawals

Club together to achieve your money goals with this convenient solution for societies, clubs and other savings groups.​ Zero monthly fees!

Apply now

Club together to achieve your money goals with this convenient solution for societies, clubs and other savings groups.​ Zero monthly fees!

Apply now

Stokvel Account

Optional funeral cover

 

Earn interest on your savings with added benefits, including R10,000 funeral cover at only R25 a month for each member.​ Zero monthly fees!

 

Apply now

 

Earn interest on your savings with added benefits, including R10,000 funeral cover at only R25 a month for each member.​ Zero monthly fees!

 

Apply now

For your personal enjoyment, we recommend our MiGoals banking range

For low‑cost, everyday‑banking alongside your Club or Stokvel Account, we recommend the MiGoals Account for your members. You can also try our other MiGoals options that are suited for a variety of banking needs and budgets. What you'll get:

  • Maintenance fees from only R8 a month
  • Free and unlimited card swipes 
  • Free 3-month bank statements
  • Value-added data, airtime and other prepaid purchases
  • 24/7 access to the Money app, Online or Cellphone Banking 
  • Greenbacks Rewards membership at only R35 a month

Open a Club or Stokvel Account

Get started

Other accounts you may like

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Get a higher interest rate on your investment when you open this 32 Day Notice account on the Money app. A secure way to manage and grow your money.

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JustSave

A day-to-day savings account with competitive interest rates and immediate access to your funds. Designed to complement your everyday transactional-banking account.

Zero

4.50 – 6.00 %

R50

Immediate

Tax-free Savings

Save your money and enjoy the proceeds tax-free. No strings attached, no pain, all gains.

Zero

5.25– 7.00 %

R500

Min 24 hours

See our full range of savings and investment accounts

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