Stokvel Savings Account

Earn interest on your savings with added benefits, including R10,000 funeral cover for each member and great stokvel rewards at the end of the year.


5.00 – 6.75



On demand

What you get

R10,000 funeral cover

Instant access to your money when you need it

The higher your savings, the more interest you’ll earn


Your savings are secure and earnings are guaranteed.

You'll earn more interest as your money grows.

The interest rate on your account can be anything between 5.00 - 6.75% 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.


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

The minimum amount you can withdraw is R100.


Add or remove members from your account using Cellphone Banking.

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

You can choose to have your interest paid out monthly or add it to your investment for even better earnings.

Convenience and Control

To open your account simply dial our Cellphone Banking service *120*001#

You can track or manage your Stokvel account by dialing *120*001# 

Enjoy 24/7 support from our Live Chat or tollfree call centre.

You can also track or manage your Stokvel Savings Account directly from the Money app.


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

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

Stokvel rewards

Nedbank Stokvel clients who deposit a minimum of R1,000 into their account every month from January to October qualify for certain rewards at the end of the year.

Nedbank + Stokvel: A winning combo

Stokvel members who have a Nedbank MiGoals account can enjoy the following everyday-banking benefits: 

  • Zero monthly maintenance fees
  • Unlimited free card swipes 
  • Value-added data, airtime and other prepaid purchases (charged per transaction).
  • Access to the Money app, Online or Cellphone Banking at any time of day. 
  • Transfers between your MiGoals account and the Stokvel savings account are free.


*See Stockvel terms and conditions Contact us for more information on available shopping discounts. To qualify for funeral cover, members will need to be between the ages of 18 and 65.

Open a Stokvel Savings Account

Get started

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