Nedbank contributes to a nation of savers

Battling the cost of living

Nedbank contributes to South Africa becoming a nation of savers.
SA to become a nation of savers

The South African Savings institute (SASI) has earmarked July as National Savings Month and in partnership with key industry players will emphasise the need for a strong savings culture aimed at boosting economic growth and social conditions.

"Nedbank welcomes and embraces the concept of National Savings Month.

"As a great place to save and invest, we believe it is important for Nedbank to continue innovating to provide relevant products and services that will enable greater financial inclusion.

"We aim to make banking more accessible to all in South Africa and to assist in building a culture of saving and financial fitness for our clients.

"It is against this backdrop that we have partnered with SASI, to showcase MyFinancialLife™ which is available to everyone (Nedbank and non-Nedbank clients) ”for free”,’ says Anton de Wet, managing executive of client engagement at Nedbank.

Launched in September last year, MyFinancialLife™, is a highly secure, easy to use online personal financial management tool that allows consumers to view and manage their consolidated financial position. It is designed to empower consumers to manage their finances, understand their spending habits, save, and to assist them in achieving their financial goals and aspirations.

Following MyFinancialLife™, Nedbank has recently launched MyMoneyMap™, which is an online tool for Kids and Parents, which can be used to manage their pocket money (allowance).

This too is available to both Nedbank and non-Nedbank clients for free. It builds on the Youth offering of Nedbank4me, My Future – My Bank, aimed at empowering kids – with their parent’s assistance – to build financial fitness from an early age.

"MyFinancialLife™ and MyMoneyMap™ are first to market in South Africa, made available to everyone for free, contributing towards empowering South Africa to build our financial literacy and become a nation of savers.

"As a bank for all, we continue to deliver a choice of distinctive client-centred banking experiences, including a range of  savings and investment products, from short, medium or long term offerings with consistent, competitive rates and great client service," concludes de Wet.

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