Moonstone Money Market Rates Report

Fedgroup banner 2024-03-21


Updated: 08-July-2024 Valid until: 12-July-2024

 

Participation Bonds

Company Product Nominal Rate Five-Year Rate on Maturity Min Inv Amount Initial Charges Management Cost
Fedgroup Secured Investment Growth Option 9.9% 12.7% * R 5 000 0.00% 0.00%
Fedgroup Secured Investment Income Option 9.9% Varies, based on income paid out R 5 000 0.00% 0.00%

* The rate is based on a five-year investment calculated at a fixed nominal rate of 9.9% p.a.


Money Market Funds

CompanyEffect RateInitial chargesMin Inv AmountManagement costNotes
Allan Gray9.060%0.000%R 20 000.000.290%4
Coronation8.730%0.000%R 10 000.000.250%3
SYmmETRY8.680%0.000%R 10 000.000.570%1
Nedbank8.610%0.000%R 10 000.000.570%2
PSG8.330%0.000%R 25 000.000.570%
  1. Symmetry Money Market Fund: Applicable to LISP clients only.
  2. Nedbank Money Market: The rolling 7-day yield,as at Friday 5 July 2024 was 8.61% p.a. This is the average return over the past 7 days, annualised, and calculated as an effective rate for a one-year investment. The nominal return for July 2024 (the latest figure available) was 8.21% p.a. These figures apply to all investments, irrespective of amount.They can now accept debit order with a minimum of R500 pm.
  3. Coronation Money Market Fund: The fund aims to obtain as high a level of current income as is consistent with capital preservation and liquidity. The fund's benchmark is the Alexander Forbes Short Term Fixed Interest (STeFI) Benchmark. Management fees of 0.25 % excluding VAT are calculated on an annual basis.
  4. Allan Gray Money Market Fund: A maximum initial charge of 3.42% (inclusive of VAT) is payable to the adviser as commission subject to restrictions when selecting an Annual Financial Adviser Fee ranging between 0%-1.14% (incl VAT). No initial charges are levied by the Fund. The Fund accepts monthly investments of R500 monthly (via debit order).