What Is The Best Interest Rate For Investing Money In South Africa

Here we will discuss 5 fixed deposit terms and their respective top 3 best interest rates in south africa.

What is the best interest rate for investing money in south africa. In this article we discuss the best fixed deposit rates relative to the deposit terms available here in south africa. The 5 fixed deposit terms in subject are. African bank fixed deposit account tops the list. 3 months 6 months 12 months 24 months and 60 months.

01 african bank fixed deposit account 5 5 to 10 01. Glacier by sanlam has published a list of the highest paying investments in south africa by comparing the returns of property a fixed interest account and stocks over the course of 1 3 5 10 and. Looking for an investment in south africa with the best return. They do not quote interest on investments larger than r100 000 which is calculated when you invest.

5 best tax free savings account in south africa 2020 7 months ago 37936 views by job githuri the tax free savings account is just as good as any other tax exempt investment opportunity that is presented to a taxpayer. This is a clever way to save your money nedbank4me account offers a certain amount of interest rate month ensuring you save will earning. When it comes to low risk investment options a high yield savings account is one of the best ways to invest money. There are of course many other ways to invest your money and make a profit but investing in a money market fund is considered to be one of the best ways to get a return on your money.

This is a youth transactional account designed to meet the needs of customers 18 years and younger. Based on the fixed account comparison capitec once again offers the best interest earning potential at 9 25. The group then decides on how that money is shared whether it is a monthly pay out or invested and then shared at the end of the year. You get an extra return of 0 15 if you invest via the online platform which i ve included in the figures.

Members contribute fixed sums of money to a central fund on a weekly fortnightly or monthly basis with a better return on savings and interest rates. Although the potential for high earnings is typically lower than it is in the stock market up to 250 000 of your money is insured by the fdic per account provided you deposit the money with an fdic insured institution. 9 best south african savings accounts that pay the highest interest rates. Fnb youth account teaches young people the early joys of saving and financial.

Standard bank is offering decent fixed deposit rates that range between 4 94 and 8 21 averaging 6 29. What s important to note is that the interest depends on the period you are fixing your money for. If you are looking to invest your money in a relatively secure fund you should take a look at ten of the best money market funds in south africa and consider investing in one of them.