Wealth Cash

Wealth Cash

Corporate Saver Account

Afrifocus Securities (Ptv) Ltd acts as a referral agent for the Nedbank Corporate Saver account.

The following range of investment options are available to suit your needs:

Call deposits:

  • Funds immediately accessible
  • Competitive interest rates
  • No minimum deposit;
  • Additional deposits can be made into the investment.

32-day notice deposits:

  • Competitive interest rates
  • Funds available after 32 days’ notice
  • No minimum deposit
  • Additional deposits can be made into the investment.

Fixed deposits:

  • From 7 days to 365 days
  • Competitive interest rates
  • Various interest distribution options
  • Automatic maturity to call at end of term
  • No minimum deposit
  • No additional deposits allowed

Prime-linked deposits:

  • 6-month & 12-month fixed deposit options;
  • Competitive interest rates;
  • No minimum deposits
  • No additional deposits allowed
Interest Rate:

The interest rates are determined by the Monetary Policy Committee’s repo rate.

  • Interest rates are confirmed daily by 10:30 and quoted on a nominal annual compounded monthly (NACM) basis.
  • Nominal annual compounded monthly (NACM) interest rates refer to the actual interest rates earned over one month.
  • Interest is accrued daily throughout the month and capitalised on the 1st of each month.
  • Rates are gross of fees.

Our fees:

Our monthly fee is 1% of the interest earned during the month excluding VAT, chargeable monthly in arrears.

All client funds invested on the Corporate Saver platform, via Afrifocus, are placed with Nedbank Treasury department. As all client accounts are opened separately on the platform, no pooling of funds occurs.
Income TAX:

  • Income tax is payable on interest earned.
  • Nedbank will submit tax information directly to SARS and Afrifocus can provide annual IT3(b) income tax certificates directly to the client via email.

Access to Investments:

A monthly statement of your investment will be sent to you directly via email. Online access to your portfolio can also be arranged via Coin.

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