Move towards growth with our tailored Cash Investment Solutions
Investing wisely is crucial for individuals and businesses alike, as it can help achieve financial goals and secure the future. At Sasfin, we offer a range of investment products tailored to meet the needs of both. Our offerings include call accounts, notice deposits, and fixed deposits, all of which provide attractive rates for short/medium-term and longer-term investments. To help you begin your investment journey, we have developed a dynamic investment calculator. This tool allows you to calculate future returns across all our products, empowering you to make informed decisions.
Our investment account options include:
| FIXED DEPOSIT RATES | NOMINAL | ANNUAL - EFFECTIVE |
|---|---|---|
| 1 Month | 8.00% | 8.00% |
| 2 Month | 8.07% | 8.10% |
| 3 Month | 8.15% | 8.21% |
| 4 Month | 8.22% | 8.30% |
| 5 Month | 8.29% | 8.41% |
| 6 Month | 8.35% | 8.50% |
| 7 Month | 8.40% | 8.58% |
| 8 Month | 8.45% | 8.66% |
| 9 Month | 8.46% | 8.70% |
| 10 Month | 8.53% | 8.81% |
| 11 Month | 8.59% | 8.90% |
| 12 Month | 9.06% | 9.45% |
| 18 Month | 9.25% | 9.88% |
| 24 Month | 9.40% | 10.30% |
| 36 Month | 9.70% | 11.21% |
| 60 Month | 10.00% | 12.91% |
NOMINAL rate is the monthly rate actually earned
ANNUAL EFFECTIVE is the interest rate earned over 1 year taking into account the effect of compounding
How it works:
- All Sasfin Fixed Deposit options are available to both Business and Individual clients
- Fix your investment for a period of between one month and five years
- Interest rates are customised based on the amount invested and the investment period. Larger deposits may qualify for a customised rate
- 24/7 support through our Customer Relationship Centre
- Zero monthly fees
- Capital guaranteed
- You can submit a withdrawal request at any time, however, early withdrawals (partial or full) to be paid out before the maturity date, will incur a fee.
Why it’s the right investment option for you:
- The Sasfin Fixed Deposit account is ideal for saving towards longer-term, planned expenses such as twice-yearly tax payments or annual bonuses for staff
- Returns are guaranteed for a fixed period of your choice
- You have the choice to re-invest your interest or have it paid to another account on a monthly or annual basis
Based on your investment objectives, you may require a combination of products given your different time frame and cash flow requirements. Please be sure to communicate these to ensure that your investment goals can be met.
| VARIABLE NOTICE DEPOSIT RATES | NOMINAL | ANNUAL - EFFECTIVE |
|---|---|---|
| 32 Day Notice | 8.25% | 8.57% |
| 45 Day Notice | 8.30% | 8.62% |
| 60 Day Notice | 8.40% | 8.73% |
| 90 Day Notice | 8.45% | 8.79% |
| 120 Day Notice | 8.80% | 9.16% |
NOMINAL rate is the monthly rate actually earned
ANNUAL EFFECTIVE is the interest rate earned over 1 year taking into account the effect of compounding
How it works:
- All Sasfin Notice Deposit options are available to both Business and Individual clients
- You can choose between 32, 45-, 60-, 90-, and 120-day Notice Deposit options
- There are no limitations, meaning that you can make additional deposits at any given time
- With prime-linked interest rates, the longer the notice period, the higher the rate of return
- You are able to put in a withdrawal notice at any time
- You can submit a withdrawal request at any time, however, early withdrawals (partial or full) to be paid out before the Notice Due Date, will incur a fee.
Why it’s the right investment option for you:
- Our Notice Deposit account is the best place to save for short, medium, and long-term planned expenses and earn market-leading returns
- 24/7 support through our Customer Relationship Centre
- Zero monthly fees
- Capital guaranteed
- Track your investment in real-time using our B\\YOND online banking platform
| CALL DEPOSIT RATE | NOMINAL | ANNUAL - EFFECTIVE |
|---|---|---|
| Call | 7.50% | 7.76% |
NOMINAL rate is the monthly rate actually earned
ANNUAL EFFECTIVE is the interest rate earned over 1 year taking into account the effect of compounding
How it works:
- The Sasfin Call Deposit account is available to both Businesses and Individuals
- You have immediate access to your full investment amount
- Your interest rate is prime-linked, interest is accrued daily and compounded monthly
- Additional deposits can be made at any time
Why it’s the right investment option for you:
- This is the ideal place to make daily deposits and to save for unplanned expenses
- Access your investment account through the B\\YOND online banking platform
- 24/7 support through our Customer Relationship Centre
- Zero monthly fees
- Capital guaranteed
Based on your investment objectives, you may require a combination of products given your different time frame and cash flow requirements. Please be sure to communicate these to ensure that your investment goals can be met.
| RATE | NOMINAL | ANNUAL - EFFECTIVE |
|---|---|---|
| Tax-free Savings Account | 7.65% | 7.92% |
NOMINAL rate is the monthly rate actually earned
ANNUAL EFFECTIVE is the interest rate earned over 1 year taking into account the effect of compounding
How it works:
- Our Tax-free Savings Account is offered to Individuals only
- Maximum deposit of R36 000 per tax year
- Maximum of R500 000 contribution for your lifetime
Why it’s the right investment option for you:
- The Sasfin Tax-free Savings Account is 100% tax-free
- Your capital is guaranteed
Calculate interest earned over the investment period
By entering your initial investment amount, you can quickly estimate your aggregate interest earnings. This comprehensive view of your investment earnings and goals will provide valuable insights for effective financial planning. Start using our Investment Calculator today and stay on track to financial success.
Value of investment
Value of investment
Value of investment
Value of investment
Investment calculator results
** ANNUAL EFFECTIVE is the interest rate earned over 1 year taking into account the effect of compounding
*** Interest rates are subject to change
Disclaimer: Sasfin has no control over the information and variables entered by a user, figures generated by the calculator shall not be binding on the bank. Interest is calculated daily and accrues monthly.
Frequently asked questions
What is the minimum investment required to open an account?
The minimum investment amount is R20 000 for all Notice and Fixed Deposit accounts. The minimum investment amount for the Tax-Free Savings Account is R10 000.
Are there any fees associated with the account?
Our investment accounts attract no monthly management fees.
Can I open an account online or do I need to visit a physical location?
There is no need to visit a branch to open an account with us, the onboarding process is 100% digital. You will be asked to verify your identity online to ensure that the process is safe and secure.
What is the nominal interest rate?
This is the rate of return without taking into consideration the effect of compounding. This is the rate you would earn if you were to withdraw the interest from your investment every month.
What is the annual effective rate?
This rate indicates the return earned over one year while accounting for the effect of compounding. It reflects the amount paid over the year if the interest is added to the account balance every month.
What support do I get once I invest?
When you invest with us you will receive 24/7 support through our Customer Relationship Centre. You will also be able to track your investment through our online banking platform, in real time.
At Sasfin, we are committed to safeguarding your financial well-being, that's why we are sharing this important information about the deposit insurance scheme implemented by the Corporation for Deposit Insurance (CODI), established by the South African Reserve Bank, effective April 2024.
What is CODI?
CODI is a new initiative mandated by the South African Reserve Bank (SARB), aimed at providing additional protection for your deposits.
How does CODI Benefit You?
- Deposit Insurance: Your deposits are now covered by CODI up to R100,000.00, providing extra protection in the unlikely event of financial challenges faced by our bank.
- Smart Implementation: No action is required from your end. You can continue to access your accounts and perform transactions as usual.
Which products fall under CODI protection?
The following Sasfin products are affected:
- Transactional accounts
- Tax-free savings accounts
- Investment products such as fixed deposits and notice deposits
Ensuring your financial security
At Sasfin, we go beyond to ensure your financial security and peace of mind. We understand the importance of your deposits and are committed to providing you with the highest level of service and protection. Thank you for entrusting us with your financial needs. We value your relationship with us and remain dedicated to serving you with excellence.
For more information, please refer to the CODI information handbook or the CODI brochure
Alternatively, please visit resbank.co.za/codi or email CODI@resbank.co.za.
Contact us today
Investment accounts
+27 80 23 23 23 6
customerservice@sasfin.com
Related products
Sasfin | Transactional Banking for businesses beyond banking
Designed for entrepreneurs who are looking to save time, grow their monthly cash flow and manage their business banking online.
Sasfin | Trade Finance to Fund Working Capital and Importing
We offer foreign and local trade finance that frees up working capital
Sasfin | Debtor Finance for Business Finance and Cash Flow
Our Debtor financing involves us discounting invoices for clients and advancing the funds prior to due date.
Read our opinions, meet our people, be inspired
In The News
29 Oct 2024
4 min reading
Sasfin’s simplified business positions the Group for future sustainable growth
Insights
29 Oct 2024
3 min reading
The Four Rs of Wellbeing: Reconnect, Reimagine, Renovate, Resilience
Insights
19 Aug 2024
6 min watching