MSN Money

Best Buy Savings Accounts

THIS MONTH'S BEST BUYS AND SPECIAL OFFERS

To compare all savings accounts, click here

Sanlam Liquid Savings

*7.07% credit interest

*Instant access

*No monthly fees

Why we like this..

The Sanlam Liquid account uses money market funds to generate a high interest rate (rates vary daily). Link it to the Sanlam Liquid transactional account for full current account banking.

FNB Restart Fixed Deposit

*13 month investment

*7.20% interest paid

*No max balance

Why we like this..

The Restart account allows you to restart the investment term once with no penalties. What this means is that if the rate of interest paid goes up, you can restart the fixed term with a better rate.

Nedbank Park It

*6.50% interest paid

*Park it for 14 days

*Then 24 hour notice

Why we like this..

The Park It account is a great way for you to earn interest on your money while you are waiting to do something else with it. Got your year end bonus, but only want to go on your hols in Feb? Then the Park It account is the one for you.

FNB Income Planner Account

*6 - 60 months investment

*5.50% interest paid

*Income generating account

Why we like this..

A portion of the invested capital and interest earned is paid out in equal monthly pay-outs, and the capital is depleted at the end of the chosen term, giving you a garuanteed income

Standard Bank Contract Save

*R100 minimum opening balance

*Minimum 12 month deposit period

*No Monthly fee

Why we like this..

With the contract save account the longer you save the more bonus interest that you get. Save for longer and and get bonus interest rates on this no fee account

ABSA Linked Rate Deposit Account

*Fixed period investment

*6 or 12 months

*No Monthly Fee

Why we like this..

The ABSA linked rate deposit account allows you to save for a fixed period. the interest paid is linked to the Repo rate and will fluctuate as the interest rate does.