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home > rates & charges > effective account management >
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Money Market
This account is designed as a flexible short- to medium-term investment vehicle that offers you highly competitive interest rates.
Please note, certain service charges only apply if your balance drops below N$20,000.00 or your debit transaction is less than N$500.00.
Money Market Investment account service fees
N$1.32 for the first N$100.00 or part thereof, plus N$1.60 for each subsequent N$100.00 or part thereof, with a maximum service fee limit of N$20.00.
| Charges for frequently performed MMI account transactions, irrespective of your balance |
| ATM |
| Cash deposit |
N$0.94 per N$100.00 |
| Cash withdrawal |
- Balance above N$20,000.00 and/or withdrawal of N$500.00 or more:
N$0.90 for the first N$100.00 and N$0.60 for every N$100.00 thereafter
- Balance below N$20,000.00 and/or withdrawal of less than N$500.00:
N$2.50 plus N$0.90 for the first N$100.00 and N$0.70 for every additional N$100.00
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| Over the counter |
| Cash deposit |
N$0.94 per N$100.00 |
| Cash withdrawal |
Service fee 132/160/2000 as per MMI service fees above |
| Other charges for frequently used MMI account services |
| Debit orders |
50% of applicable service fee |
| Bank's own cheques |
N$100.00 (if cash tendered for payment,
recover cash deposit fee of 1.50% per
N$100.00 or part thereof |
| Please note: All fees include 15% VAT. |
Managing your Money Market Investment account cost-effectively
- To avoid certain fees, eg for electronic and teller transfers, ensure you have a minimum balance of N$20,000.00 in your account at all times and that each debit transaction is for N$5 000.00 or more
- Remember, the minimum balance of N$5.000,00 is key to earning a competitive interest rate and realising growth on your capital
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