Grow your money with notice deposits, fixed deposits, and a tax-free savings account that shelters your growth from tax entirely.
Shelter interest and growth from tax entirely, within annual and lifetime contribution limits.
Lock in a guaranteed rate for a fixed term, from 6 to 60 months.
Earn a higher rate than a transactional account while keeping some access, with 32 or 90-day notice options.
| Account | Rate / Fee |
|---|---|
| Tax-Free Savings Account | No fees; rate varies by underlying fund |
| 32-day notice deposit | 6.75% p.a. |
| 90-day notice deposit | 7.60% p.a. |
| 12-month fixed deposit | 8.75% p.a. |
| Early withdrawal penalty | Loss of interest for the notice/remaining term |
R36,000 per tax year, with a lifetime limit of R500,000 across all providers — not just Mzansi.
Early withdrawal is possible but incurs a loss-of-interest penalty; notice deposits require you to give the agreed notice period instead.
A fixed deposit locks your rate and term completely; a notice deposit lets you access funds by giving advance notice, at a lower but still competitive rate.
An adviser at Mzansi Advisors can help you choose based on your timeline and goals — at no extra cost.
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