Investment in South Africa

 

Where can I invest my money to earn the most interest in South Africa?

The following are options of investment with high interest in South Africa:

• SA Retail Bonds

SA Retail Bonds offers the best interest rate for a 36 months fixed deposit investment. The institution offers a 9.75% nominal interest rate and requires a R1, 000.00 minimum investment which should be kept for 36 months to earn the highest interest available

• African Bank

The second-best nominal interest rate for a 60-month fixed deposit account is offered by African Bank and is 10.19 %. With only R500.00 needed as a minimum investment, the account has the lowest minimum requirement of the top 3 in the 60-month category.

 

• Nedbank

Nedbank offers a number of fixed deposit accounts to individuals in South Africa with competitive interest rates and has special interest rates for those who are above the retirement age of 55 years. The highest nominal interest rate for a fixed deposit account is 9.7% which is

available for those over the age of 55 years.

 

Overall Best Fixed Deposits Rates for 2022

 

 

Ranking	Institution	Nominal Interest Rate %	Effective Rate %
1	SA Retail Bonds	11%	13.7%
2	African Bank	10.19%	12.50%
3	Nedbank	9.7%	11.77%
4	FNB	9.5%	11.48%
5	Capitec Bank	9.15%	10.98%

 

 

 

 

Best 60 months fixed deposit rates 2022

 

 

Rank	Rank	Minimum Deposit	Effective Interest Rate %	Nominal Interest Rate %
1	SA Retail Bonds	R1,000.00+	11%	13.7%
2	African Bank	R500.00+	10.19%	12.5%
3	Nedbank	R1,000,000.00+	9.7%	11.77%

 

Where can I invest r1000 in South Africa?

The tax-free investment option of the African Bank allows you to start investing from as little as R100 per month with your first deposit as little as R200 and continue making additional deposit, up to R33 000 per year, without having to pay income tax, dividends tax, or capital .

 

 

What is the best investment for monthly income in South Africa?

Buying government, corporate or agency bonds is a good way to gain a monthly income. Bonds are debt instruments that the government, institution or a company issues to raise funds or capital. Buying a bond is essentially giving out a loan.

 

What is the safest investment in South Africa?

Here are 5 of South Africa’s most secure investments at the moment.

• Government of South Africa Treasury Bills.
• Money Market Funds.
• RSA Retail Savings Bonds.
• Fixed Annuities.
• Dividend-Paying Stocks.

 

Can I invest R500 at African Bank?

African Bank Tax-Free Investment: With this option, you can start investing with as little as R100 and make additional deposits each month, up to R33 000 each year, without paying income tax, dividends tax or capital gains tax. African Bank Fixed Deposit: Earn South Africa’s best interest rate* with just R500.