Savings Accounts South Africa

Within South Africa like in other countries in the African continent as well as around the world, banks provide basic banking services including issuing debit cards, money transfers, access to ATM, branch and internet banking as well a secure storage of cash funds. Similar to banks internationally, South African banks also offer various options for what customers can decide to do with any excess funds that remain in customer bank accounts. These include keep funds in basic bank accounts, invest in products such as a fixed deposit or put funds in savings accounts.

Savings accounts in South Africa can be offered from banks in conjunction with a basic transaction account, e.g. one account for transacting with another account for excess funds available with ability to transfer between each. They offer a higher rate of interest for a savings account than a basic bank account and as well as offering liquidity that can be equal to a basic bank account.

Compare Savings Account Interest Rates in South Africa

Savings Account Provider APY Account Details
Investec PrimeSaver Savings Account 5.90% The Investec PrimeSaver is an instant access savings account that allows immediate access to a fu - ZAR - Oct, 2014 More Info
Nedbank Money Market Account 5.50% Rate is applicable to the 'JustInvest' money market investment account product which require - ZAR - Oct, 2014 More Info
Capitec Bank Savings Account 4.75% The 'Transaction/Savings Account' product has a Monthly administration fee on 4.50 and the saving - ZAR - Oct, 2014 More Info
FNB Money Market Account 4.15% The rate is applicable to the 'money market investor' product an - ZAR - Oct, 2014 More Info
Nedbank Savings Account 4.10% Nedbank JustSave Account ims to offer all South Africans a secure, attractive method of saving fu - ZAR - Oct, 2014 More Info
Standard Bank Notice Deposit Account 3.82% The interest rate is the effective rate and this account requires a minimum deposit amount of R25 - ZAR - Oct, 2014 More Info
ABSA TruSave Savings Account 2.75% ABSA TruSave Savings Account aims at high interest for daily account balance R25,000 and over and - ZAR - Oct, 2014 More Info
FNB Call Account 2.55% This account requires a minimum opening balance of R1000 and allows you to make additional deposi - ZAR - Oct, 2014 More Info
FNB Savings Account 2.55% The interest rate indicated relates to R100,000+ tier of this product below and has no account fe - ZAR - Oct, 2014 More Info
Standard Bank Savings Account 2.50% Standard Bank PureSave account aims to be a tool to park an lump sum amount that may be required - ZAR - Oct, 2014 More Info
African Bank Premium Savings Account 1.80% African Bank Dream Planner Savings Account offers premium interest rate for funds of R50,000 and - ZAR - Aug, 2014 More Info
Mercantile Bank Savings Account 1.20% Mercantile Bank Savings Account is available at minimum initial investment of R50. This rate is f - ZAR - Oct, 2014 More Info
Postbank Savings Account Postbank Smart Save Savings Account is a short term Savings account, so the interest is not very - ZAR - Aug, 2014 More Info