Teach my child to save
Interest rates
Encourage your children to save and give them a lesson for life with their very own FNBy Savings Account from just R100.
Published at 2023-05-26
| Amount | Interest (per annum) | Effective Rate |
|---|---|---|
| R100 - R999 | 7.80% | 8.08% |
| R1 000-R9 999 | 7.80% | 8.08% |
| R10 000-R19 999 | 7.80% | 8.08% |
| R20 000 - R24 999 | 7.80% | 8.08% |
| R25 000 - R49 999 | 7.80% | 8.08% |
| R50 000 - R99 999 | 7.80% | 8.08% |
| R100 000 + | 7.80% | 8.08% |
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Annualised interest rate that takes into account the compounding interest effect for one year assuming interest is not withdrawn.
Teach my child to save
Encourage your children to save and give them a lesson for life with their very own FNBy Savings Account from just R100.
