Here are the highest paying savings accounts for a R5 000 deposit in South Africa
| # 1 | Absa Cash Invest Tracker Min Deposit: R0 | 8.4% |
|---|---|---|
| # 2 | FNB Savings Account Min Deposit: R1 | 6.55% |
| # 3 | Mercantile Call account Min Deposit: R1k | 6.25% |
| # 4 | TymeBank GoalSave Min Deposit: R1 | 6% |
| # 5 | Standard Bank PureSave Min Deposit: R1k | 5.3% |
Which bank pays the highest interest rate on savings in South Africa?
African Bank
African Bank offers the best interest rate for a 12-monthly fixed deposit account. The account comes with an 8.88% nominal interest rate that compounds monthly.
Where to invest your money in South Africa?
Here are 10 of South Africa’s most secure investments at the moment.
- Government of South Africa Treasury Bills
- Money Market Funds.
- RSA Retail Savings Bonds.
- Fixed Annuities.
- Dividend-Paying Stocks.
- Real estate investment trusts (REITs)
- Unit trusts.
- Exchange-traded funds (ETFs)
Which bank is the best in South Africa?
Capitec Global One Account
With over 14 million customers, Capitec Bank has gained a reputation for being one of the most affordable and customer-friendly banks in South Africa. The Global One account offers a simple, transparent fee structure and an array of features that cater to a wide range of customers.
Where can I grow my money in South Africa?
Best Safe Investments With High Returns in South Africa
- Government of South Africa Treasury Bills
- Money Market Funds.
- RSA Retail Savings Bonds.
- Fixed Annuities.
- Dividend-Paying Stocks.