Become financially literate
Whether you’re planning your next holiday, managing your personal finance, or saving for you and your family’s future needs, we’re here to support you with our tips and guidelines.
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Personal banking FAQs
How is interest on my savings account calculated?
Interest is calculated daily but will reflect differently. For example, if you have a savings account that allows immediate access, your interest will reflect on your account monthly. If you opted for an account that you can access at maturity, your interest will reflect monthly, quarterly, annually or at the end of your investment period.
Read more about common questions and answers for savings and investment.
What happens if I die without a Will?
Your assets will be distributed according to the laws of succession among your closest relatives, which might not align with your wishes and could create complexity for your loved ones.
Learn more about Wills and other FAQs.
What is debt consolidation?
Debt consolidation is when you combine multiple debts into one loan to simplify repayment and potentially reduce interest rates or monthly payments.
Learn how it works in our Debt Consolidation 101 article.
What is the difference between tax-free savings and retirement annuity?
Retirement annuities were designed to provide a steady income stream during retirement, whereas tax-free savings were created to supplement your retirement savings and may not be enough to cover your expenses due to the lifetime contribution limit of R500 000.
Read more about frequently asked questions on tax-free accounts.