WebJan 30, 2024 · MONEY MAXIMISER Nominal interest rate over 12 months 7.25% Minimum opening deposit of R100 000 Earn a money market fund related rate, plus your capital and quoted returns are fully guaranteed. Rates Benefits Get started Call me back Benefits DEPOSITS Ability to make additional deposits at any time INTEREST WebFNB Money Maximiser. Earn a money market fund related rate, plus your capital and quoted returns are fully guaranteed. Get immediate access to your money and manage …
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WebOnce it hits R100k, you qualify for a Money Maximiser account which is FNB’s money market account. You need to have a balance of at least six months worth of expenses, should you lose your primary source of income for whatever reason. Once that is sorted, you should consider investing any remaining money into your TFSA allowance. WebCompound interest is interest earning interest on interest on interest. For example R1 200.00 earning annual interest of 10% will achieve R1 320.00 at the end of year one. The next year, with compound interest applied to the R1 320.00, the amount will be R1 452.00 in year two. The longer you leave the money where it is, the quicker the amount ... raw thavage rtd
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