Money Markets
Updated: 18-January-2021 Valid until: 22-January-2021
| Company | Product | Nominal Rate | Five-Year Rate on Maturity | Min Inv Amount | Initial Charges | Management Cost |
|---|---|---|---|---|---|---|
| Fedgroup Secured Investment | Growth Option | 7.35% | 8.85% * | R 5 000 | 0.00% | 0.00% |
| Fedgroup Secured Investment | Income Option | 7.35% | Varies, based on income paid out | R 5 000 | 0.00% | 0.00% |
| Fedgroup Secured Investment | Tax-Free Option | 4.25% | Varies, based on investment term | R 500 | 0.00% | 0.00% |
*
The rate is based on a
five-year investment calculated at a fixed nominal rate of 7.35% p.a.
| Company | Effect Rate | Initial charges | Min Inv Amount | Management cost |
|---|---|---|---|---|
| Cadiz | 4.740% | 0.000% | R 20,000 | 0.290% |
| Allan Gray | 4.300% | 0.000% | R 20,000 | 0.290% |
| Absa* | 3.950% | 0.400% | R 100,000 | 0.570% |
| Old Mutual Unit Trust | 3.790% | 0.000% | R 10,000 | 0.570% |
| Glacier | 3.780% | 0.000% | R 100,000 | 0.460% |
| Nedbank | 3.740% | 0.000% | R 10,000 | 0.570% |
| Prudential | 3.730% | 0.000% | R 50,000 | 0.400% |
| Coronation | 3.720% | 0.000% | R 10,000 | 0.250% |
| SYmmETRY | 3.700% | 0.000% | R 10,000 | 0.570% |
| PSG | 3.250% | 0.000% | R 25,000 | 0.570% |