What is interest?
Interest is what you earn on your money when you put it into a bank account. It is how you make money from money. There are many different rates of interest available and generally these are calculated on a per annum basis. For example, an interest rate of 1% p.a. (per annum) on a bank balance of R100 would earn you R1 a year. This interest can be paid out to you monthly, yearly or at the end of a specified and agreed period.
How can I earn good interest on my money?
The more capital you save and the longer you save the higher interest you will earn. You can compare interest rates by exploring our Products section.