What is High Yield Saving Account?
A high-yield savings account, also referred to as a high-interest account, is a type of savings account that offers better-than-average interest rates on deposits.
Best High Yield Saving Account In South Africa
| # 1 | Absa Cash Invest Tracker Min Deposit: R0 | 8.4% |
|---|---|---|
| # 2 | Absa Cash Invest Tracker Min Deposit: R0 | 8.4% |
| # 3 | Mercantile Call account Min Deposit: R1k | 6.75% |
| # 4 | FNB Savings Account Min Deposit: R1 | 6.55% |
| # 5 | TymeBank GoalSave Min Deposit: R1 | 6% |
What high-yield savings account has the highest interest rate?
CIT Bank – 4.85% APY.
Popular Direct – 4.85% APY.
UFB Direct – 4.81% APY.
TAB Bank – 4.76% APY.
Bask Bank – 4.75% APY.
Bread Savings – 4.65% APY.
Salem Five Direct – 4.61% APY.
CIBC Bank USA – 4.52% APY.