Here are 3 awesome savings/investment accounts in South Africa for April 2023…
- FNB Savings Account offers a 3.8% interest rate for deposits of R10,000. For those with larger deposits, the Investec Prime Saver offers a prime-linked interest rate for deposits of R100,000 or more.
- Absa Cash Invest Tracker – Highest paying savings account for a deposit of R250,000 in South Africa. This account offers up to 7.9% in interest and requires a minimum deposit of R0.
- Capitec Bank’s 6-month fixed deposit account – offers an 8% nominal interest rate and an effective interest rate of 8.30% for a minimum deposit of R100,000.
