A high-interest notice investment for larger balances
The Nedbank Money Trader is a notice investment account that offers a strong return, especially if you’re sitting on a large lump sum. With an interest rate of 7.45% across all qualifying tiers, it’s one of the most straightforward high-balance savings options available. If you’re ready to invest R50,000 or more, this one’s worth a look.
What This Account Is For
This account is designed for people who want to earn steady interest without locking away their money for months or years. It works best if you:
- Have at least R50,000 to invest
- Don’t need immediate access to that money but still want to be able to get it out with a bit of notice
- Prefer consistent, predictable earnings linked to money market rates
How the Account Works
- Minimum deposit: R50,000
- Notice period: 24 hours before withdrawal
- Minimum withdrawal: R5,000
- Interest: Calculated daily, paid monthly (you choose whether to cash it out or reinvest)
Example:
If you deposit R100,000 at 7.45% interest, you’ll earn R7,450 in a year before tax. That’s about R620 per month, and even more if you leave it to compound.
Pros and Cons
| 👍 Pros | 👎 Cons |
| Solid interest rate (7.45% flat) | Requires R50,000 minimum to earn interest |
| Zero monthly fees | No interest paid on balances below R50,000 |
| Access within 24 hours | Minimum withdrawal of R5,000 |
| Interest is capitalised or paid out | |
| Free SMS alerts and security controls |
Who Should Consider It?
- If you’ve received a lump sum (e.g. from a bonus, sale, inheritance)
- If you want to beat inflation but still have quick access to your funds
- If you’re a business owner or freelancer looking to grow your cash flow buffer
Interest Structure
This account pays a flat 7.45% nominal annual rate once your balance reaches R50,000.
| Balance Tier | Interest Rate (p/a) |
| Less than R50,000 | 0.00% |
| R50,000 – R99,999 | 7.20% |
| R100,000 – R249,999 | 7.20% |
| R250,000 – R499,999 | 7.20% |
| R500,00 – R999,999 | 7.20% |
| R1 million + | 7.20% |
There are no tiered rates—so once you’re over R50,000, the same rate applies all the way up. (For the most accurate and up-to-date interest rates, please visit nedbank.co.za)
Tax Implications
Interest from this account is taxable unless you use it inside a Tax-Free Savings Account. Here’s what you should know:
- Up to R23,800 in annual interest is tax-free if you’re under 65 (Section 10(1)(i))
- Anything above that gets added to your income for tax purposes
- Nedbank will send you an IT3(b) certificate showing how much interest you earned
How to Apply
| Group | Documents Needed |
| South African Citizens | SA ID, proof of address (not older than 3 months), R50,000 minimum deposit |
| Foreign Nationals | Valid passport, residence or work permit, proof of address, R50,000 deposit |
You can apply online via the Nedbank Money App or website.
You can also manage the account digitally, including placing your 24-hour notice.
Final Word from Buti
If you’ve got a decent amount saved up and want flexibility without sacrificing returns, the Money Trader is a clean, powerful option. No fluff, no fees, just reliable daily interest and quick access when you need it.
👉 Want to apply or compare this with other accounts? Head back to Buti.co.za and hit the Apply Now button.