The Nedbank Corporate Saver is an investment banking system administered by Nedbank. It is an internet-based administration system for intermediaries who manage large amounts of money on behalf of their clients.
This internet-based administration system is user-friendly and is designed to enhance Nedbank’s business relationship with intermediaries.
It has a proven track record. Corporate Saver is tried and trusted and has been used extensively by attorneys and financial services intermediaries since 1988.
How Does Nedbank Corporate Saver Work?
After your Corporate Saver profile has been approved, you can administer funds on behalf of your clients on the system.
Corporate Saver is accessed over the internet and allows investment-related transactions with Nedbank’s full range of investment products.
For agents, managing third-party funds, Nedbank Corporate Saver offers you the opportunity to gain greater control over invested monies.
The Corporate Saver software is stored on a central server at Nedbank in Johannesburg. This server allows both agents and their clients to view Corporate Saver information 24 hours a day, seven days a week.
For monetary transactions the transactional window for agents is from 07:00 to 17:00.
From the 24-hour server the information is replicated in the live Nedbank environment. This technology allows agents and their clients to access information at any time from any location through the internet.
Benefits
For intermediaries managing third-party funds, Corporate Saver offers you the opportunity to gain greater control over investable money.
Fulltime support staff are allocated to your account. The dedicated service and support team will help you ensure the efficient and profitable management of estates, trust investments, investment deposits, insolvencies and property guarantees in the case of attorneys.
Flexible and competitive pricing through a customised investment approach to the portfolio.
Extensive security measures ensure efficient and secure Nedbank Corporate Saver operations and transactions.
Reports can be downloaded in Excel or CSV formats.
Administration fee
Nedbank Corporate Saver provides you with the opportunity to deduct administration fees from the deposit balances of your clients.
These fees are calculated as either a percentage of capital or a percentage of interest earned.
Nedbank pays interest to the client, who in turn pays the agent an administration fee in accordance with the mandate held.
The Corporate Saver system facilitates this process automatically.
For Nedbank Corporate Saver interest rate, refer to the updated interest rates on the Nedbank website.
The fee structure is determined in consultation with your client in terms of a written mandate.
Mandates are compulsory and will be periodically checked by Nedbank in accordance with Nedbank’s regulatory requirements
Nedbank Contact
If you are interested in the Corporate Saver system and would like more details you can contact Nedbank directly using the details below.
Website: www.nedbank.co.za
Tel: +27 (0)11 294 4444
Email: business@nedbank.co.za
Physical Address:
Nedbank 135 Rivonia Campus
135 Rivonia Road Sandown, Sandton, 2196
PO Box 1144, Johannesburg, 2000, South Africa