Top Performing Savings Accounts In South Africa

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Capitec global one– The Capitec global one is mostly popular for its low minimum investment and high interest return. Customers can put a minimum of R25 as deposit, and they are likely to receive an interest of between 5.1%-9.25%. The Capitec global one has a higher interest earning potential more than most savings accounts. The savings account is also tax free allowing customers to enjoy the full benefits of their investment.  

Old mutual– Old mutual also has a unit trust that is tax free. This savings account has an annual maximum of R33 000 and a life time maximum of R500 000. Users enjoy the benefits of a standard unit trust investment portfolio. The savings account boast so many benefits which include ability to invest online by completing an online application form. Old mutual allows you to make monthly deposit or once off deposits.  

FNB savings Account– This savings account allows your savings to grow as there are no monthly fees deducted from your account. Customers are able to get their money in 32 days and it has flexible and convenient contributions. This savings account is also ideal for kids as it is not limited by age. The users enjoy interest of 5.90% -7.15% per year. 

Nedbank savings Account-Users on this account enjoy an interest of between 5.5%-8.16%. Customers can give notice to withdraw in 24 hours and get their money promptly. There are no monthly fees charged on this savings account. 

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