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Read about the Money Trader account

If you’re looking for a solid, no-fuss investment that gives you more than just interest, the Nedbank Money Trader could be your next best move. With interest rates fixed at a competitive 7.45% for balances above R50,000, it combines the security of a traditional savings account with the flexibility of notice-based access.

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Money Trader

Last updated: May 28, 2025
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Interest Rate

Interest Rate 7.45% p.a. (fixed above R50,000).

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Access to funds

Minimum Withdrawal R5,000 with 24 hours’ notice.

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Opening Deposit

Opening Deposit R50,000. Deposit anytime (min R5,000).

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Monthly Fees

Monthly fee is R0.00.

Tax Implications

You will receive IT3(b) tax certificates showing interest earned.
These must be submitted with your ITR12 return to SARS annually.
One certificate is issued free per tax year; additional copies may incur fees.

Read More

Read about the Money Trader account

If you’re looking for a solid, no-fuss investment that gives you more than just interest, the Nedbank Money Trader could be your next best move. With interest rates fixed at a competitive 7.45% for balances above R50,000, it combines the security of a traditional savings account with the flexibility of notice-based access.

Read More

What you need to apply

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South African Citizens

  1. Opening deposit of R30
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
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Non-South African Citizens

  1. Opening deposit of R30
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.

Savings Calculator



Interest Earned: R0.00

Total Savings: R0.00

What you need to apply

badge

South African Citizens

  1. Opening deposit of R30
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Opening deposit of R30
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.