Putting R10,000 in South Africa’s major savings accounts – what you get from fixed deposit vs notice vs savings

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In light of the rising cost of living and inflation, it has become increasingly important that South Africans have money saved for a rainy day either in a fixed-deposit, savings account or notice-deposit.

In light of the rising cost of living, putting money away has become harder for South Africans, making it more important that the little you can stow away works for you.

Despite headline inflation showing signs of easing, savings are still under strain as core expenses such as petrol, electricity and food all remain high.

 

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