African Bank Investment Review 2021

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African Bank Investment Review: African bank investments are accounts that give African bank customers a financial return and help them grow their wealth.

African bank ensures that it customers invest their money according to their needs as they are different accounts that meet their necessities.

By opening these investment accounts, you will be earning higher interest than a savings account. The longer the money you invested stays in your investment account, the higher interest you make.

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African Bank Investment Review

Now, there are four investment accounts being offered by African banks.

They include;

i. African bank Notice deposit investment

ii. African bank fixed deposit investment

iii. African bank tax-free investment

iv. African bak Access Accumulator

1. AFRICAN BANK NOTICE DEPOSIT INVESTMENT

African bank notice deposit investment is an account Notice accounts that give you flexibility with your savings and the opportunity to earn higher interest.

This account allows you to simply give notice that you need the money, for example, 30 days’ notice.

It is important to note that the interest rate on Notice Deposit investment changes in line with prevailing market conditions.

IMPORTANT THINGS TO REMEMBER

NOTICE PERIOD: Choose your notice period of 7,32 or 90 days.
ADDITIONAL DEPOSITS: You can set up a debit order or make additional installments from just R100 to GROW your money.
EAZY NOTICE: Call African bank on 0860494940 OR place notice on the app or online.

For more information on African bank Notice deposit investment interest rate, Click HERE.

REQUIREMENT FOR AFRICAN BANK NOTICE DEPOSIT INVESTMENT OPENING

i. Identity document or Passport
ii. The minimum opening deposit is R500.

HOW TO OPEN AFRICAN BANK NOTICE DEPOSIT INVESTMENT

i. Click HERE
ii. Fill the form
iii. Follow the rest of the procedure to complete the account opening

2. AFRICAN BANK FIXED DEPOSIT INVESTMENT

African bank fixed deposit investment is an account into which you store your money for a set period as a trade-off for ensured growth.

When investing with a fixed deposit investment, you have the alternative to pick a fixed-term going from 3 – 60 months.

You then, at that point consent to not touch that cash for the chose timeframe. Each term length accompanies a predetermined interest rate.

The frequency at which you want the interest to be paid out — either month to month, semi-yearly, every year or on expiry — will influence the interest rate.

By and large, the more extended the proper term, the higher the interest rate will be.

WHY YOU SHOULD OPEN AN AFRICAN BANK FIXED DEPOSIT INVESTMENT

i. FIXED RATE: You get ensured returns with an interest rate that is fixed for the length of the investment.
ii. PAYOUT OPTIONS: You can pick when you need to get your interest payouts. Browse month to month, every 6 or 12 months, or at maturity.
iii. ONCE-OFF DEPOSIT: To work around your day-by-day transfer limits, you have 7 days to finish your complete opening deposit.
iv. TERMS: Terms range from 3 to 60 months.

To check African bank fixed deposit investment interest rates, click HERE.

REQUIREMENT FOR AFRICAN BANK FIXED DEPOSIT INVESTMENTS OPENING

All you need is the following:
i. Identity document or passport
ii. The minimum opening deposit of R500.00

HOW TO OPEN AFRICAN BANK DEPOSIT INVESTMENT

i. Click HERE.
ii. Fill the form
iii. Follow the rest of the procedure to complete the account opening.

You should simply settle on the amount you need to invest, and for how long. From that point, sit down and watch SA’s best investment rate work its magic.

Have confidence realizing that your cash is developing, and at last working for you.

AFRICAN BANK TAXF-FREE INVESTMENT

Just as the name implies, this account is Tax-Free.

This implies that the interest you gather in this kind of account won’t be taxed.

The Tax-Free Investment account works best as a drawn-out choice, which permits you to take advantage of compound interest.

Compound interest is the place where the interest you procure on your investment makes a considerably greater savings goal, which then, at that point acquires significantly more interest. The more you leave the cash in the account, the more noteworthy your investment will be.

With a Tax-Free investment, you can begin little, with investments from just R50, while profiting from higher interest rates, when contrasted with a savings account.

RULES ATTACHED TO AFRICAN BANK TAX-FREE INVESTMENT

i. You can only invest up to R36 000 a year, and up to R500 000 in your lifetime.
ii. You can only withdraw your money every 12 months, or during the anniversary month of your investment.
For more information on African bank Tax-free interest rates, click HERE.

REQUIREMENT FOR AFRICAN BANK TAX-FREE INVESTMENT ACCOUNT OPENING

i. The minimum opening deposit is R50.
ii. Identity document or Passport

HOW TO APPLY FOR AFRICAN BANK TAX-FREE INVESTMENT

i. Click HERE
ii. Fill the form
iii. Follow the procedure to complete the account opening

4. AFRICAN BANK ACCESS ACCUMULATOR

Access Accumulator is African Bank’s flexible investment product that gives you immediate access to your money at any time either partially or fully within 24 hours of the request.

The distinct feature of this investment is that it allows you to earn the best interest rate that increases monthly over a maximum term of 24 months.

With a minimum investment of R500, you can grow your money and enjoy life’s little treasures.

BENEFITS

I. PROCURE INCREASING INTEREST – Your interest increments by 0.15% month to month, for the span of two years. The interest rates won’t ever diminish for the length of the investment.
ii. ACCESS TO YOUR MONEY – You access your cash whenever either to some degree or completely.
iii. EASY APPLICATION – Register on the bank’s website and open your account online in 5 minutes.

For more information on Acess accumulator interest rate, click HERE.

REQUIREMENT FOR AFRICAN BANK ACCESS ACCUMULATOR ACCOUNT OPENING

i. Minimum of R500
ii. Identity document

HOW TO OPEN AFRICAN BANK ACCESS ACCUMULATOR

i. Click HERE
ii. Fill the form
iii. Follow the procedure to complete the account opening.

African Bank Investment Review

CONCLUSION

Having explained the four investments being offered by African banks, it is up to you to choose the one that best suits your taste.
If you decide to choose the fixed and notice deposit investment, do ensure that you have a savings account where you save money for emergency issues.

African Bank Investment Review