Nedbank contributes to South Africa becoming a nation of savers

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1 Nedbank contributes to South Africa becoming a nation of savers Many consumers continue to face increased and wide-ranging challenges in managing their finances, including the rising costs of their day to day necessities such as food, fuel, transport, electricity and other expenses. This, together with increasing levels of consumer indebtedness, potentially impacts on their ability to save, despite the willingness to change their circumstances. Inspired to address the challenge of improved financial literacy and to promote a national culture of savings, 10 years ago, the South African Savings institute (SASI) earmarked July as National Savings Month and partnered with key industry players to emphasise the need for a strong savings culture aimed to boost economic growth and social conditions. Nedbank welcomes and embraces the concept of National Savings Month. As a great place to save and invest, we believe it is important for Nedbank to continue innovating to provide relevant products and services that will enable greater financial inclusion. We aim to make banking more accessible to all in South Africa and to assist in building a culture of saving and financial fitness for our clients. It is against this backdrop that we have partnered with SASI, to showcase MyFinancialLife which is available to everyone (Nedbank and non-nedbank clients) for free, says Anton de Wet, Managing Executive of Client Engagement at Nedbank. Launched in September 2012, MyFinancialLife, is a highly secure, easy to use online personal financial management tool that allows consumers to view and manage their consolidated financial position. It is designed to empower consumers to manage their finances, understand their spending habits, save, and to assist them in achieving their financial goals and aspirations. Following MyFinancialLife, Nedbank has recently launched MyMoneyMap, which is an online tool for Kids and Parents, which can be used to manage their pocket money (allowance). This too is available to both Nedbank and non-nedbank clients for free. It builds on the Youth offering of Nedbank4me, My Future My Bank, aimed at empowering kids with their parent s assistance to build financial fitness from an early age. MyFinancialLife and MyMoneyMap are first to market in South Africa, made available to everyone for free, contributing towards empowering South Africa to build our financial literacy and become a nation of savers. As a bank for all, we continue to deliver a choice of distinctive clientcentred banking experiences, including a range of savings and investment products, from short, medium or long term offerings with consistent, competitive rates and great client service, concludes de Wet. For more information visit

2 Notes to editor Savings/Investment Options MoneyTrader The Nedbank MoneyTrader is a money market investment account that offers you extremely competitive interest rates and short-term accessibility. MoneyTrader offers 24 hour access, great rates linked to money market conditions with a minimum deposit of R No transactional facilities are available. MoneyTrader is the ideal product to deposit your funds into after the sale of unit trusts, shares, property, etc., while waiting to make an investment decision. : Minimum deposit is R Additional deposits of R5 000 or more can be made at any time. A minimum of 24 hours notice is required to withdraw funds, except where the following day is a Sunday or public holiday - in which case the funds will be paid out the following business day. There are no fees or commissions, except for certain cash deposit fees: there is a fee for cash deposits exceeding R5 000 in any calendar month. However, the first four cash deposits in a calendar month, collectively not exceeding R5 000, will be free. EasyAccess Deposit EasyAccess is a fixed term deposit account of three, six, 12 or 18 months with a built-in liquidity cushion. 50% of the original capital is fixed for the duration of the product; the remaining 50% is available within 24 hours notice. The minimum deposit is R2, 000 and a maximum of two withdrawals are allowed with no questions asked and no penalties charged. Withdrawals are a minimum of R1 000 each. Highly competitive interest rates are paid, and are guaranteed for the term of the investment. Your capital is safe and secure. Investment term is three, six, 12 or 18 months. 50% of the original capital can be withdrawn, by giving 24 hours notice. A maximum of two withdrawals are permitted, with a minimum of R1000 per withdrawal. No fees charged or questions asked.

3 JustSave The JustSave Account offers all South Africans a secure, attractive method of saving funds at interest rates above the average savings account rates, without incurring fees (besides certain cash deposit fees), while at the same time providing the freedom of knowing that their funds are accessible. If you have a transactional account (i.e. TransactorPlus, Savings or Current Account) with Nedbank, an internal stop-order may be set up to transfer money from the transactional account to the JustSave account - not only is the stop-order free, but Nedbank will credit the JustSave account with a further R2 per stop-order credit. In the case of weekly stop-orders, the R2 will be paid after four successful stop-order credits. It offers highly competitive interest rates. Rates are tiered so the more you save, the more interest you earn. Capital is guaranteed - you will always get out more than what you put in. The product offers freedom and flexibility and may be used as an effective means to build up funds, to save for that special holiday or your child's education, as a convenient way for clients to control their finances, to gain access to cash in any emergency. JustInvest The Nedbank JustInvest is a money market investment account that offers you extremely competitive interest rates and short-term accessibility. You enjoy access to your funds within a minimum of 24 hours. No transactional facilities are available. JustInvest is the ideal product to deposit your funds into after the sale of unit trusts, shares, property, etc., whilst waiting to make an investment decision. JustInvest can also be used as an effective means to build up funds for your child's education, or even that dream holiday! Minimum deposit is R Additional deposits of R500 or more can be made at any time. Extremely competitive interest rates are paid, and are tiered according to your balance. A minimum of 24 hours notice is required to withdraw funds, except where the following day is a Sunday or public holiday - in which case the funds will be paid out the following business day.

4 Interest rate increases and decreases are applied immediately. Free weekly or monthly stop-orders are available, but only from a Nedbank cheque or savings account. Minimum stop-order is R500. Interest is calculated daily, and paid or capitalised monthly. Partial withdrawals (minimum R500) are permitted, provided the minimum deposit of R5 000 is maintained. There are no fees or commissions, except for certain cash deposit fees: there is a fee for cash deposits exceeding R5 000 in any calendar month. However, the first four cash deposits in a calendar month, collectively not exceeding R5 000, will be free. Save4me Save4me offers kids and teens up to 18 years old a secure, attractive method of saving funds at interest rates above the average savings account rates. There are no fees charged (except certain cash deposit fees), and Save4me provides a client access to funds with 24 hours notice. If you have a transactional account (e.g. Nedbank 4me) with Nedbank, an internal stop-order may be set up to transfer money from the transactional account to the Save4me account. Not only is the stop-order free, but the bank will credit the Save4me account with a further R2 per stop-order credit. In the case of weekly stop-orders, the R2 will be paid after four successful credits. Save4me offers market-leading interest rates, right from as low as a R50 balance. Capital is guaranteed clients will always get out more than what they have put in. The product offers freedom and flexibility and may be used: As an effective means to build up funds for that special item or occasion; To gain access to cash in an emergency; To teach children the habit of saving on a regular basis. Green Savings Bond The Nedbank Green Savings Bond enables South Africans to save while contributing towards a greener future. The capital raised from this innovative bond will be earmarked for investment into various renewable energy projects like wind farms and solar fields throughout South Africa, at no risk to the investor.

5 The Nedbank Green Savings Bond provides clients with absolute peace of mind by offering great rates, guaranteed returns and capital security, while no fees are charged. Plus you have the option to invest for 18, 24, 36 or 60 months, from as little as R Minimum of just R , 24, 36 or 60 month deposit. Great interest rates. Capital security. No fees or commissions. Clients 60 years and older receive preferential interest rates. Interest is calculated daily, and paid monthly, quarterly, half-yearly, annually or on maturity. Interest rates offered are subject to confirmation at the time of receipt of the funds by Nedbank. Note that your funds are fixed for the duration of the investment. Early releases will only be allowed under certain circumstances. END