FNB Linked Savings Review for October 2024

Last updated 2nd October 2024 by Walter

Introduction

The FNB Linked Savings is a savings account offered by FNB. Unlike notice or fixed deposits, savings accounts allow quick and easy access to your money.

This page summarises interest rates offered by FNB Linked Savings and compares them to South Africa's savings account industry average. So you can get a good idea how the interest rates offered by FNB Linked Savings compare to other banks.

his account is exclusively available to individual cheque

FNB Linked Savings highlights

last updated 2nd October 2024 by Walter

R1
min deposit
6.80% - 7.50%
interest rate
PS. Did you know that FNB also offers the following

FNB Linked Savings

This table shows FNB Linked Savings's interest rates for a R1, R20,000, R50,000 and R100,000 investment in FNB Linked Savings versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R1
6.80%
#7 out of 35
4.70%
+ R
0
R1
6.80%
#7 out of 35
4.70%
+ R
0
R20,000
7.20%
#10 out of 44
5.27%
+ R
409
R20,000
7.20%
#10 out of 44
5.27%
+ R
409
R50,000
7.35%
#20 out of 44
6.42%
+ R
497
R50,000
7.35%
#20 out of 44
6.42%
+ R
497
R100,000
7.50%
#26 out of 53
6.59%
+ R
966
R100,000
7.50%
#26 out of 53
6.59%
+ R
966
  • 1 industry average refers to the average interest rate across all other savings accounts for the given investment amount
  • 2 the amount of interest you will be able earn over and above the average.
    A negative amount means that the average savings account in South africa will give you more than FNB Linked Savings.
How to read this table?

You get a 7.5% interest rate at FNB Linked Savings for a R100,000 investment. The industry average for a savings account with a balance of R100,000 is 6.59%. Over one year you will earn R966 more in interest at FNB Linked Savings compared to the average savings account.

Here are other similar savings accounts in South Africa which require a minimum deposit between R0 - R10,000

Account Min Deposit Rate
AfricanBank Power Pocket R11.00%
AfricanBank MyWorld R11.00%
AfricanBank Savings Pocket R16.50%
Capitec Savings R02.75% - 6.90%
FNB Linked Savings R16.80% - 7.50%
Standard Bank PureSave R05.25% - 5.55%
Discovery Demand Savings Account R10,0007.25%
Bidvest Bank Call Account R1,0003.95% - 5.95%
Nedbank Just Invest R5006.75% - 8.00%
TymeBank GoalSave R17.00%
BankZero Savings R16.70% - 7.55%