| Amount | Nominal Interest Rate (per annum) | Annual Effective Rate |
|---|---|---|
| R100 000+ | 3.75% | 3.82% |
Nominal rate per annum (NACM): This is the annualised interest rate that you will earn daily and is capitalised monthly. This rate does not take into account the compounding interest effect.
Annual Effective Interest rate: Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is not withdrawn.
