Money Market Investment

The Money Market Investment Account is designed for investing funds at an interest rate comparable to money market rates but allows immediate access to the funds.

The main features and benefits of this account include:

• The minimum interest-earning balance on this account is N$20 000;
• The account is not subject to any statutory limit in respect of a maximum balance, as there is no stipulated minimum period for investment;
• A tiered interest rate is offered, i.e., the interest rate increases as the credit balance increases;
• This account is accessible from internet banking and funds can be transferred between your investment and current accounts;
• No service fees are applicable if your account is kept within prescribed parameters, e.g., every transaction of N$500 or more, and if the balance is kept at N$20 000; and
• Funds are available immediately.