TAX-FREE CASH DEPOSIT
Earn interest - tax free
Open an RMB Private Bank Tax-Free Cash Deposit for your children where the interest earned is tax free. Minimum investment of R300.
Benefits
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100% GUARANTEE
100% guarantee on capital and on quoted returns.
![](/00Assets/v2.3/skin/1/images/icons/illustration/WheightCoinsR.png)
INVESTMENT OPTIONS
Contribution is flexible - either monthly or as a once-off lump sum.
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NO TAX, NO MONTHLY FEES
An investment option that attracts no monthly fees and all returns are tax free.
![](/00Assets/v2.3/skin/1/images/icons/illustration/coinStack.png)
MONTHLY OR VIA LUMP-SUM INVESTMENT
The ability to save from as little as R300.
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ACCESS
Access to your money in 32 days.
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INVESTMENT CONTRIBUTIONS
The maximum investment is R36 000 per tax year and the maximum lifetime contribution is R500 000.
Rates
Published at 2023-05-30
Amount | Interest (per annum) | Annual Effective Rate |
---|---|---|
R300 - R9 999 | 8.40% | 8.73% |
R10 00 - R14 999 | 8.40% | 8.73% |
R15 000 - R19 999 | 8.40% | 8.73% |
R20 000 - R29 999 | 8.40% | 8.73% |
R30 000 - R49 999 | 8.40% | 8.73% |
R50 000 - R59 999 | 8.40% | 8.73% |
R60 000 - R99 999 | 8.40% | 8.73% |
R100 000 - R499 999 | 8.40% | 8.73% |
R500 000+ | 8.40% | 8.73% |