Money Market Accounts

Money Market Accounts (MMAs) or Money Market Deposit Accounts (MMDAs) are financial instruments that offer a balance between safety and returns, making them an attractive option for savers. Here’s a closer look at why they are a valuable choice: Interest rates...

Basic Savings Accounts

Basic savings accounts are among the most accessible and common options for individuals looking to start saving money in South Africa. They are offered by nearly every bank in the country. Here are some key points to consider: Low entry barrier: Basic savings accounts...

Fixed Deposits

Fixed deposit accounts usually offer a higher interest-rate, so that your saved money gets better returns. As per the name, fixed deposits offer set returns irrespective of market fluctuations, which is a great bit of extra security for your money. The only caveat is...

Unexpected Events

Unpredictability is a defining characteristic of life, and this reality underscores the importance of accounting for unexpected events when it comes to saving. These unforeseen circumstances have the potential to challenge even the most well-structured financial...

Discipline

No financial plan can truly succeed without a foundation of discipline, and this principle is particularly evident when it comes to saving. The essence of financial discipline lies in aligning your actions with your intentions. This means adhering to a structured...