Money Market
We are licensed intermediaries to offer the fixed income fund of BoE private bank. The bank is equally owned by Nedbank and Old Mutual and is specialised in private and institutional asset management.
Please note the following guidelines:
- Interest can be drawn monthly, quarterly, half-yearly, yearly or ad-hoc.
- The withdrawal period is 24 hours for full or partial withdrawals.
- We only transfer interest or funds to the owner’s account with another bank. No 3rd parties’ payments are possible. We accept instructions via e-mail or fax.
- We are not in a position to offer debit orders, general payments, credit cards or cheques on the account. We would like to ask all our clients, not to make more than 4 ad-hoc withdrawals per annum. We have eliminated all unnecessary costs in order to offer our clients an above average interest rate.
- The annual charges are 0.4% and there are no additional fees.
- The minimum investment amount is R 250’000.
The procedure to open the account is as follows: The application form needs to be completed. We further need a copy of a utility bill (Telkom, municipal account etc) and a copy of the ID or passport of the account holder. Should you not have a utility bill, we will accept an introductory letter by your foreign bankers.
Please complete questionnaire below for the application form.