Published at 2017-07-24
| Tier | Credit Interest Rate |
|---|---|
| R0 - R9 999 | 0.30% |
| R10 000 - R19 999 | 0.55% |
| R20 000 - R49 999 | 1.55% |
| R50 000 - R99 999 | 3.20% |
| R100 000+ | 0.80% |
Published at 2016-03-18
| Amount |
Interest (per annum) |
|---|---|
| R1 - R 100 | 0.00% |
| R100 - R 1 000 | 1.40% |
| R1 000 - R100 000 | 1.90% |
| R100 000+ | 2.95% |
Published at 2022-05-20
| Amount |
Nominal Interest Rate (per annum) |
Annual Effective Rate |
|---|---|---|
| R1 - R19 999 | 3.55% | 3.61% |
| R20 000 - R24 999 | 3.75% | 3.82% |
| R25 000 - R74 999 | 4.20% | 4.28% |
| R75 000 - R99 999 | 4.30% | 4.39% |
| R100 000+ | 4.30% | 4.39% |
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Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is not withdrawn.
Published at 2022-05-20
| Amount | Nominal Interest Rate (per annum) | Annual Effective Rate |
|---|---|---|
| R100 - R999 | 1.50% | 1.51% |
| R1 000 - R4 499 | 1.50% | 1.51% |
| R4 500 - R9 999 | 1.50% | 1.51% |
| R10 000 - R14 999 | 1.50% | 1.51% |
| R15 000 - R19 999 | 1.50% | 1.51% |
| R20 000 - R24 999 | 1.50% | 1.51% |
| R25 000 -R39 999 | 1.50% | 1.51% |
| R40 000 - R49 999 | 1.50% | 1.51% |
| R50 000 - R74 999 | 1.50% | 1.51% |
| R75 000 - R99 999 | 1.50% | 1.51% |
| R100 000 - R149 999 | 1.50% | 1.51% |
| R150 000 - R199 999 | 1.50% | 1.51% |
| R200 000 + | 1.50% | 1.51% |
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Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is not withdrawn.
Published at 2022-05-20
| Balance Band | Nominal Interest Rate (per annum) | Annual Effective Rate |
|---|---|---|
| R1 - R19 999 | 3.55% | 3.61% |
| R20 000 - R24 999 | 3.75% | 3.82% |
| R25 000 - R74 999 | 4.20% | 4.28% |
| R75 000 - R99 999 | 4.30% | 4.39% |
| R100 000+ | 4.30% | 4.39% |
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.
A positive balance has positive returns.
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