Club Savings Account

Club together to achieve your money goal. A secure and convenient solution for societies, clubs and other savings groups.

Zero

1.50 – 3.25

%

R100

On demand

What you get

Unlimited withdrawals and deposits

Immediate access to your funds when you need them

The more money you save, the more interest you earn

Growth

Your savings are guaranteed to grow.

The more money you put away, the more interest you earn.

Interest rates are based on your account balance and can be anything between 1.50% and 3.25%.

Rates and fees

Zero account maintenance fees.

Free deposits at any Nedbank Intelligent Depositor ATM.

Free stop orders from your Nedbank account.

Teller cash deposit fees will apply.

Access

You can make a withdrawal at any time. That's instant access to your money when you need it.

Flexibility

You can choose to have your interest paid out monthly, or add it to your savings and earn more.

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

Convenience and Control

We offer 24/7 support from our Live Chat service or tollfree call centre.

Security

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

At least two of your signatories must be present whenever you make certain transactions.

Ready to invest?

Get started

Other accounts you may like

Stokvel
Immediate savings

Earn interest on your savings with extra benefits like 10% off groceries or school supplies and R10,000 burial cover.

Overview
Monthly fee
Zero
Interest rate p/a tooltip text
1.50 – 3.25 %
Opening deposit
R100
Access tooltip text
On demand
OptimumPlus
Fixed investments

You’ve worked hard for your money all your life. Now it’s time to let it work for you with a lump-sum investment for over 55s.

Overview
Monthly fee
Zero
Annual effective rate tooltip text
2.50-11.31 %
Opening deposit
R5,000
Access tooltip text
End of term
Fixed Deposit
Fixed investments

Looking for a lump sum investment option with guaranteed returns? Choose Nedbank's Fixed Deposit Account.

Overview
Monthly fee
Zero
Annual effective rate tooltip text
2.50-8.07 %
Opening deposit
R5,000
Access tooltip text
End of term

Not sure which product would be best for you? Let us help.

Get help choosing