At Sasfin, we know time is everything.
Sasfin Business and Personal Investment accounts ensure that you invest your money according to your needs, you get the most value for your rands and you are supported by a team of experts along the way.
Interest rates quoted below are effective from 2019-07-30 and are subject to change.
Call deposits
Looking to call the shots on your investment? The Sasfin Call account gives you flexibility as you can access your funds immediately, make deposits as you need to and earn market-leading nominal interest.
| CALL DEPOSIT RATE | NOMINAL | ANNUAL - EFFECTIVE |
|---|---|---|
| Call | 6.25% | 6.43% |
Notice deposits
Open a notice deposit account and get noteworthy interest for a fixed term that suits your needs. Our notice account lets you access your money at the end of your notice period and you can add additional deposits into your account whenever you want.
| VARIABLE NOTICE DEPOSIT RATES | NOMINAL | ANNUAL - EFFECTIVE |
|---|---|---|
| 32 Day Notice | 7.00% | 7.23% |
| 60 Day Notice | 7.15% | 7.39% |
| 90 Day Notice | 7.20% | 7.44% |
| 120 Day Notice | 7.55% | 7.82% |
Tax-free savings
What you put in is what you should get out and we believe this should apply to your savings, with interest. With a Sasfin Tax-free Account (TFSA), you earn interest that is free from Income Tax. You need to make an initial investment of R10 000 (and up to R33 000) per tax year, with a lifetime limit of R500 000.
| RATE | NOMINAL | ANNUAL - EFFECTIVE |
|---|---|---|
| Tax-free Savings Account | 7.15% | 7.39% |
Fixed deposits
Are you looking to lock down interest rates on your fixed investment and reap the rewards at a guaranteed rate? Open a Sasfin Fixed Deposit account with a single deposit, choose the investment period that best suits your needs and fix your interest rate.
| FIXED DEPOSIT RATES | NOMINAL | EFFECTIVE |
|---|---|---|
| 3 Month | 6.76% | 6.80% |
| 6 Month | 7.29% | 7.40% |
| 12 Month | 8.05% | 8.35% |
| 36 Month | 8.11% | 9.15% |
Definitions
Nominal rate is the monthly rate actually earned.
Annual effective is the interest rate earned over 1 year taking into account the effect of compound.
Effective rate is the rate earned for the period.