Savings Account: Exclusive to individual cheque, Easy and FNBy Transactional account holders
Balance Band | Nominal Interest Rate (per annum) | Annual Effective Rate |
---|---|---|
R1 - R19 999 | 2.30% | 2.32% |
R20 000 - R24 999 | 2.50% | 2.53% |
R25 000 - R74 999 | 2.95% | 2.99% |
R75 000 - R99 999 | 3.05% | 3.09% |
R100 000+ | 3.05% | 3.09% |
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Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is not withdrawn.