Tax Free Investment
With a Tax-Free Investment account, you can save money and never have to worry about your returns being taxed. Our Tax-Free Investment product promises market-leading returns with a great interest rate which is of course, non-taxable!
Features of a Tax-Free Investment Account:
It is recommended that you consult the services of a licensed financial planner or tax consultant in order to understand the tax implications on your investment.
How to apply
With a minimum of R500.00 opening an account is easy. We’ll help you along the way with any of your enquiries. To kick-start your savings journey simply enter your details below:
Get an Investment Call-back
Tax Free Investment Calculator
Enter Investment amount to Get Started
* Actual payout could differ due to the number of days in a month and interest rates at the start day of the investment
** Illustration purposes only. Tax savings calculators are based on a 36% p.a. tax rat
Tax Free Investment interest rates are quoted on a per annum basis.
Rates quoted are valid for today only, given that funds are received today, and may change over time.
Interest rates on expiry are quoted for illustration purposes, based on a 12-month period.
* - R2000 minimum for monthly interest pay-out option
** - R1000 minimum for monthly interest pay-out option
Terms and conditions apply.
Disclaimer: African Bank cannot advise you of the tax implications of investing. It is recommended that you contact your financial advisor or your tax consultant.