Money Market Accounts South Africa

In South Africa, a money market account is a type of investment issued by some banks that is an alternative to a savings account or fixed deposit. Unlike a fixed deposit there is not a defined investment term, so funds can be invested into the products indefinitely and the rate of return may vary depending on the deposit balance. Also it will likely provide a lower rate of interest than a fixed deposit account and have a higher liquidity with quicker access to funds when required.

Compare Money Market Account Interest Rates in South Africa

Deposit Account Type Term APY Account Details
Nedbank Money Market Account Rate is applicable to the 'JustInvest' money market investment account product which require - ZAR - Aug, 2013 More Info
FNB Money Market Account The rate is applicable to the 'money market investor' product and requires a mini - ZAR - Aug, 2013 More Info