The best Savings Accounts in South Africa

Рет қаралды 28,885

Күн бұрын

Saving is the process of putting aside a portion of your income for use in the short term. By short term I mean money that you need back in 3 months, 6 months, one year, 2 years, basically anything less than 5 years. Saving is a low-risk strategy and the purpose for saving is to preserve your money and provide a safety net in case of unexpected expenses or emergencies. Savings accounts, money market accounts, and fixed deposit accounts are some of the common ways of saving money. Because saving is low risk, it usually gives low returns as well. In today’s video I am going to be talking about the best savings accounts in South Africa.
Rate compare website: www.ratecompare.co.za/best-sa...
#financialfreedom #savings #saving #investing #stockmarket

Пікірлер: 53

@TalkingMoneyWithNozi Жыл бұрын

Link to my online store: talkingmoneywithnozi.com/collections/all

@relebogileonline23 Жыл бұрын

I've been binge watching your video's, my mom even joined me today. You are really doing the Lord's work because some of us have zero knowledge on how to handle our money. Thank you sis 😘 💓

@TalkingMoneyWithNozi Жыл бұрын

You’re welcome sis. Thanks to you and your mom for watching 💚🙏🏽

@zukelwabaqo1972 Жыл бұрын

Thanks so much Nozi. This is so informative. For ages I thought Capitec offered the highest interest rate.

@michaelthemasterpiece 5 күн бұрын

Absolutely loved how you simplified this girl. You are a wiz! Siyabonga!

@walkwithorr Жыл бұрын

Am glad to have stumbled across youf videos, that rate compare site will help me a lot.

@marialedwaba Жыл бұрын

Thank you so much for all the information, whenever i have a question you always have a go-to video or post that helps❤️❤️

@musapatrick8242 Жыл бұрын

This is really informative sisi Nozi you explain it well and very educational, such an eye opening.

@TalkingMoneyWithNozi Жыл бұрын

Thank you for watching and being the first to comment 🙏🏼 😊

@LTBL769 8 ай бұрын

I am a second year university student and I have been Binge watching your video even bought two books... I wanted say thank for all this knowledge. This information is helping me to manage my money better ❤

@TalkingMoneyWithNozi 8 ай бұрын

Oh wow, I wish I had this knowledge when I was in university. Your future is bright. I wish you all the best!

@sibongilembuli8515 Жыл бұрын

Thank you so much Cc for these videos. I'm definitely gonna book a session with you soon. I want to make sure I'm making all the right moves.

@TalkingMoneyWithNozi Жыл бұрын

It's a pleasure. I look forward to hearing from you

@success7532 Жыл бұрын

Thank you , 100% correct

@modikoakoena250 Жыл бұрын

Thank you very much,very informative...

@TalkingMoneyWithNozi Жыл бұрын

You're welcome 😊

@confidencebotsana6218 Жыл бұрын

This has answered my question I had during the week..the question was that if there's this specific goal that you want to focus on,it's a short term goal ,must one stop investing and focus on that goal or must one do both even when you feel like if I stop investing then you might reach that goal quicker Saving and investing are both significant

@khumbulanizungu6563 Жыл бұрын

Thank you sisi

@TalkingMoneyWithNozi Жыл бұрын

It's a pleasure 🙏🏼 ☺️

@luckymsomi2653 Жыл бұрын

Thanks a lot for this information it really helped ,just got a question in all the other savings account that you mentioned except for the tymebank that has a 10 day notice ,can you access your savings immediately?

@TalkingMoneyWithNozi Жыл бұрын

Yes, you can access anytime

@Syamthembu5 Жыл бұрын

Thanks Nozi for sharing this information with us, 🙌💯 Is it possible that I can invest money and loss it as you said it's very risk with high returns?

@sandazigqola65 5 ай бұрын

Hi, Nozi I wanted to know where it is best to do multiple deposit for a year with the best interest

@robyn_southafrica 11 ай бұрын

Hi sis Nozi 😘 Quick question: @ 11:55, is that in one savings account, or across all savings accounts in total?😅

@buyisiwemabaso7659 Жыл бұрын

Hi Nozi... Do I deposit monthly (let's say I put R100 monthly) or its just a once off, where you deposit the certain amount and wait for your goals.

@TalkingMoneyWithNozi Жыл бұрын

Savings accounts allow you to deposit everything month. Only FIXED deposit accounts are once-off

@pumlambiza3922 Жыл бұрын

Thanks!

@TalkingMoneyWithNozi Жыл бұрын

Thank you 😊

@talkingwiththembi4609 Жыл бұрын

Hi Nozi ,thank you for info ,well explained.I want to ask is saving in your bond account to kill interest charged to you is it also good? If someone had a choice can they choose both saving in your bond to kill interest charged to you and gain interest on saving account.

@TalkingMoneyWithNozi Жыл бұрын

Yes it is good. But be careful with that because the bank can take that money and put it into the bond if they want. For example if you lose your job and stop paying your bonds, the bank will take those savings.

@talkingwiththembi4609 Жыл бұрын

@@TalkingMoneyWithNozi ohk understood thank you Nozi💕..

@tshepisomolekoa5441 Жыл бұрын

Hello. Did you see that Tyme bank has a fixed deposit option?

@sabelomlambo3586 4 ай бұрын

Their interest rates are among the best I've ever seen

@siyandankundla-mgudlwa1888 7 ай бұрын

Great insights as usual❤

@TalkingMoneyWithNozi 7 ай бұрын

😊😊😊

@Emma_obk 23 күн бұрын

You the best. You educative even how you explain everything. First time listening to a video about saving and investing and actually feeling like I know what to do next..

@TalkingMoneyWithNozi 22 күн бұрын

@@Emma_obk 😊❤️🙏🏼

@suzansegalo5523 5 ай бұрын

My dear thaknk you so much. What a right timing!, just as I'm looking for someone like you because I'm about to retire

@aimeniyomukiza1273 Жыл бұрын

Is that % being calculated monthly?

@TalkingMoneyWithNozi Жыл бұрын

I mentioned in the video that it's annual. Annual = yearly.

@msjay6780 Жыл бұрын

Yooohhhh my absa only appeared once!😭

@TalkingMoneyWithNozi Жыл бұрын

😅

@remnantrizing-therealgospe4340 2 ай бұрын

What about using your credit card account as a savings account?will it gain interest?

@TalkingMoneyWithNozi 2 ай бұрын

No it will not gain interest

@Vghjfgb 8 ай бұрын

Saving is high risk

@TalkingMoneyWithNozi 8 ай бұрын

Without providing context, you’re just trolling

@lungasilevu6213 2 ай бұрын

Hi, my sister has told me about Liberty's Stash. Whats your opinion about their investment account?

@TalkingMoneyWithNozi 2 ай бұрын

Stash is a Tax Free Savings Account (TFSA). Please watch my video where I explained: kzfaq.info/get/bejne/q7iohd1p1bKVZaM.htmlsi=arXI6elQWAnjsmB8

@lungasilevu6213 2 ай бұрын

@@TalkingMoneyWithNozi Thanks, i'll check it out

@omarworldwide Жыл бұрын

All these accounts are not tax free savings meaning you will have to pay tax when withdraw your savings.

@TalkingMoneyWithNozi Жыл бұрын

You only pay tax if the interest earned is more than R23 800. Tax free accounts are not supposed to be used for short term saving

@4t2n8t7 9 ай бұрын

Hello Ma'am. I'm from wits and next year I'm going to be responsible for all the finances of my res... I'm planning on have an event that will conscientize students about savings since our bursaries will be allocating allowances at the beginning of the year... I'm planning on inviting 4 banks and one person who knows a lot about savings and investment. Can you please accept my invitation. Only if you stay in Johannesburg.