What you get
R10,000 burial cover and up to 10% off on groceries
Instant access to your money when you need it
The higher your savings, the more interest you’ll earn
Growth
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 1.00% and 2.75%.
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.
Access
You’ll have instant access to your money when you need it.
The minimum amount you can withdraw is R100.
Flexibility
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.
Security
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
Up to R10,000 funeral cover* for each member.
Up to 10% discount on groceries or school supplies when you shop at our selected partner stores*.
*Terms and conditions apply. Please contact us for more information on available shopping discounts. To qualify for burial cover, members will need to be between the ages of 18 and 65.
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