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Interest rates and fees
Published: 02 September 2024
* Nominal interest rate: – The annualised interest rate that you will earn, calculated on the daily balance of your investment if interest is paid out monthly.
Account interest rates
Balance |
Nominal rate p/a* |
|---|---|
7.00% |
|
7.00% |
|
7.50% |
|
8.00% |
|
8.25% |
|
8.25% |
|
8.25% |
|
8.25% |
Income tax
During tax season, the South African Revenue Service (SARS) requires you to submit an income tax return (ITR12). We will provide a tax certificate IT3(b) and/or IT3(s) for your investment account for each tax year, on or before the end of June to enable you to complete your tax return.
An IT3(b) will give you a summary of any interest and dividends, both local and foreign, that you would have earned by having money invested. If you have a tax-free savings account with us, you will also receive IT3(s)s. This certificate will give you a summary of all the details about your tax-free savings account such as interest and dividends.
You will need these certificates when you complete your tax return.
We will provide 1 free tax certificate every year. If you need any additional tax certificates, please find the fees in our latest pricing guide.