Nedbank boosts its middle-market offering with the introduction of its new Savvy Bundle

Building on its Savvy product launched in 2010, Nedbank has recently announced its latest enhanced Savvy Bundle offering, which is aimed at providing a one-stop banking solution for the middle market. The new Savvy Bundle offering is available to clients at a fixed fee of R169 a month, empowering clients to be more savvy with their money.

Nedbank is committed to providing great-value banking and a choice of distinctive client experiences, and is the only bank that offers an all-inclusive fixed fee on a transactional account. This enhanced offering will enable clients to manage their fees and transacting behaviour, and to save as much as 55% a month on fees.

‘At the heart of our strategy is a quest to have a true understanding of our clients’ aspirations and financial goals to ensure that we provide a choice of distinctive, client-centred banking experiences. Nedbank Savvy has been well received, with its current base having grown by over 55% at 30 June 2013. We are pleased that recent research shows that Nedbank is increasingly seen as accessible, caring and relationship-driven. We are delighted with this positive feedback as it is evidence of the thrust of our client-centred strategy,’ says Ciko Thomas Managing Executive, Consumer Banking.

Thomas notes that ‘choosing the right account and understanding your transactional behaviour is key to managing your bank fees down. ‘Savvy Bundle provides great-value banking – it’s simple, transparent and affordable and makes it easy for our clients to save and build their financial fitness.’

The new offering comes with first-to-market innovations from Nedbank such as MyFinancialLife™, an online personal financial management tool that is highly secure, easy to use and designed to empower clients to manage their financial goals and achieve their aspirations. There is also the Nedbank App Suite™, which makes it safe and easy for clients to transact anytime, anywhere, from a Blackberry, Apple or Android device, and a range of Nokia handsets. Since the launch of the Nedbank App Suite™ in September 2012 it has been downloaded over 200 000 times, with transactions of more than R1 billion having been processed.

Another first is Nedbank’s unique Approve-IT™ online security solution, making internet banking more secure than ever. It allows clients to authenticate sensitive internet banking transactions without having to capture one-time passwords.  A simple ‘accept or reject’ on their cellphone is all that is required.  Since its launch Nedbank has seen a reduction of over 99% in successful phishing attempts when compared with the same period in 2011.

Clients can also qualify for accelerated Greenbacks rewards at no extra cost and can gain access to the Nedbank Home Loan Online Digital Channel, a fully automated online channel allowing them to apply for their home loan from start to finish in a seamless way.

‘By providing the right financial management tools, great-value banking products and services designed to enable a financially savvy lifestyle, Nedbank encourages clients to be more savvy with their money and to make more informed financial decisions. We continue to invest in innovative solutions for consumers who are on the go and are looking for convenience. The Savvy Bundle is designed with this in mind,’ concludes Anton de Wet, Managing Executive for Client Engagement at Nedbank.

For more on the Nedbank Savvy Bundle offering visit nedbank.co.za or Nedbank.mobi.