< R10m annual turnover
> R10m annual turnover
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Published at 2020-05-22
Published at 2020-05-12
The interest earned on an Inflation-Linked Deposit is calculated using the inflation rate (a variable rate), together with a fixed top-up rate.
Inflation-Linked Deposit Return = Inflation Rate (variable) + Top-Up Rate (fixed)
The inflation rate is linked to the headline inflation rate (CPI) in South Africa, as published monthly by Statistics South Africa. This rate is applied three months in arrears, i.e. the January inflation rate will be applied to your account in April. This portion of your rate will change monthly according to changes in the inflation rate.
Published at 2019-03-01
A fixed top-up rate may be added to your return as determined by the bank. This component will vary depending on when you open your account however, it remains fixed for the duration of your investment.
Ideal for longer term savings and investments as well as during retirement. For those who are sure of their goals and are comfortable enough to put away their savings for longer periods of time.