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Tax-Free Cash Deposit

RMB Private Bank's Tax-Free Cash Deposit has a minimum investment of R1 000 and gives you:

  • 100% capital guarantee
  • 100% guarantee on quoted returns
  • All returns are tax free
  • Access to your money in 32 days
  • An investment option that attracts no monthly fees
  • Contribute flexibly, either monthly or as a once off lump sum
  • The ability to manage your account online and at your own convenience
  • The ability to open an RMB Private Bank Tax-Free Cash Deposit for your children where the interest earned is tax free

Note: you are allowed to contribute a maximum of R30 000 per tax year into your Tax Free Account and R500 000 over your lifetime.

YOUR INTEREST RATE

The interest rate you receive is based on the balance in your account. Published: 2016-03-18

Amount Interest rate
R0 - R999.99 0.00%
R1,000.00 - R9,999.00 3.80%
R10,000.00 - R14,999.99 5.00%
R15,000.00 - R19,999.99 6.25%
R20,000.00 - R49,999.99 7.00%
R50,000.00 - R99,999.99 7.25%
R100,000.00 - R499,999.99 7.35%
R500,000.00 + 7.40%

Tax-Free Cash Deposit General Terms and Conditions

Contact your Private Banker to take up this product.

 
 
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