Read about the MoneyMarket Select Investment account
If you’re looking to grow your savings with peace of mind, the MoneyMarket Select Investment Account is a great option. With interest rates that reward higher balances and the flexibility to access your money at any time, it’s ideal for people who want both security and growth. Whether you’re saving for a big goal or just parking your funds while earning interest, this
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Interest Rate
Up to 7.90%.
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Opening Deposit
R100,000.
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Monthly Fees
No monthly management fee.
Tax Implications
Interest earned on this account is subject to tax. Individuals under 65 have an annual interest exemption of R23,800, while those 65 and older can earn up to R34,500 in interest tax-free. If your interest earnings exceed these thresholds, they will be added to your taxable income and taxed
Read More
Read about the MoneyMarket Select Investment account
If you’re looking to grow your savings with peace of mind, the MoneyMarket Select Investment Account is a great option. With interest rates that reward higher balances and the flexibility to access your money at any time, it’s ideal for people who want both security and growth. Whether you’re saving for a big goal or just parking your funds while earning interest, this
Read More
What you need to apply
- Opening deposit of R100,000
- Your South African ID
- Proof of residence
(not older than three months)
- Opening deposit of R100,000
- Valid Passport
- Proof of residence
(not older than three months)
- Work/Resident permit
You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.
