Datvest Asset Management provides short-term money market investments for both corporate and individual clients at competitive rates in line with market conditions. Investment tenors vary from; 14, 30, 60 and 90 days. Datvest will endeavor to secure all investments. However market conditions do constrain obtaining such security. In addition, we only deal with banks or financial institutions with strong balance sheets and good credit ratings. Datvest investment committee regularly reviews limits for money market placements as a way of minimising exposure to any single counterparty. Our money market dealers will help you select the ideal investment horizon to allow you to maximise the investment yield without necessarily constraining your own cash flows. Being in touch with the market gives us a solid position to avail you with the critical information you need when making that important decision. Minimum investment for money market investment is at US$5,000. Minimum balance will be reviewed from time to time in line with market developments.

All money market investments attract management fees as per Reserve Bank requirements. Where applicable, a withholding tax of 15% is deducted from the interest earned.

Currently our indication rates are as follows;

  • 30 days: 5% per annum
  • 60 days: 5% per annum
  • 90 days: 6% per annum

For firm quotes and more details contact our treasury department.

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