Back to start
Diamond Youth Savings Account
A Diamond Savings Youth Account from Nedbank – the account that earns high interest from the first day you save
If you’ve ever noticed how quickly your pocket money vanishes, if you despair over being able to save enough to do the things you really want to do. Then the Nedbank Diamond Savings youth account is for you.
This high-return savings account helps you make the most out of your money while you save for a rainy day, school camp, a new playstation or those straightforward cash transactions.
A Nedbank savings account is the solution
When you want to accumulate money for a specific goal
If you want to have access to your cash in case of an emergency
If you’re a learner wanting to save your pocket money – but still have the option of instant access to your cash without hassle or restrictions
Here’s how to make the most of it
Decide how much of your money you need to put aside each month to achieve your personal target. Deposit this amount into your savings account before you spend it on other things. Sure, it takes discipline, but the rewards will be worth it!
As your savings grow, your interest rate goes up
You can open and maintain your Diamond Savings account with as little as N$100. Interest is calculated on your daily balance and credited monthly to your account. Interest rates are market-related and therefore move up and down, but – being a Nedbank account – you can be sure they will always be competitive.
What’s more, the interest rate is equivalent to the top rate paid on ordinary savings accounts! Ask any Nedbank relationship manager for the latest interest rate to see how much you can expect to earn on your savings.
Your account is accessible
As a personal saver, you can deposit and withdraw as much or as little as you like – as frequently as you wish.
Bank after hours
You can deposit and withdraw your money with your ATM card via any ATM teller machine during office hours, after hours and over weekends, or via Internet banking from home. Or you can carry out transactions at any Nedbank branch throughout the country. We help you keep track of what goes in and out.
You’ll receive a statement detailing your transactions – either when the page is full or monthly, the choice is yours. With your ATM card, you can also draw a statement at any of our automatic teller machines or SSTs. Your transactions are FREE. Because you are 18 or younger, there is no charge if you use a Nedbank ATM. However, if you use a Saswitch ATM, there will be a charge.
Open a Diamond Savings youth account today at your local branch of Nedbank. It’s the first step to being able to afford the things you really want – or save for a rainy day.
Savings Account: Application
About Us - Student & Youth Banking
Save and Invest (Student and Youth)
Diamond Savings Account
Diamond Bonus Notice Account
Every Day Banking
Internet Banking Overview
Search the Site
Products & Services
Corporate & Business
Insurance & Assurance
Our Vision, Mission & Values
Helping to Build Namibia
Wills & Trusts
Merchant Payment Solutions
Corporate & Business
Vehicle & Asset Finance
Nedplan Insurance Brokers