FNB Tax-free Savings Review for March 2026
Introduction
The FNB Tax-free 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 Tax-free 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 Tax-free Savings compare to other banks.
FNB Tax-free Savings highlights
last updated 1st March 2026 by Walter
- The FNB Savings Account offers interest rates 6.00% and accepts investments from R1
- The FNB Money Maximiser offers interest rates 7.00% and accepts investments from R100,000
FNB Tax-free Savings
This table shows FNB Tax-free Savings's interest rates for a R10,000, R20,000, R100,000, R1,000,000 and R5,000,000 investment in FNB Tax-free Savings versus the industry average.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 | 6.95% #2 out of 24 | 4.83% | + R 212 |
| R20,000 | 6.95% #2 out of 25 | 4.88% | + R 415 |
| R100,000 | 6.95% #3 out of 31 | 5.50% | + R 1,448 |
| R1,000,000 | 6.95% #4 out of 28 | 5.45% | + R 14,964 |
| R5,000,000 | 6.95% #4 out of 28 | 5.49% | + R 72,768 |
- 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 Tax-free Savings.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 for 0+ | 6.95% | 4.83% | + 212 |
| R20,000 for 0+ | 6.95% | 4.88% | + 415 |
| R100,000 for 0+ | 6.95% | 5.50% | + 1,448 |
| R1,000,000 for 0+ | 6.95% | 5.45% | + 14,964 |
| R5,000,000 for 0+ | 6.95% | 5.49% | + 72,768 |
- 1 industry average refers to the average interest rate across all other banks
- 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 Tax-free Savings.
You get a 6.95% interest rate at FNB Tax-free Savings for a R5,000,000 investment. The industry average for a savings account with a balance of R5,000,000 is 5.49%. Over one year you will earn R72,768 more in interest at FNB Tax-free Savings compared to the average savings account.
Here are other similar savings accounts in South Africa which require a minimum deposit between R1 - R100,000
| Account | Min Deposit | Rate |
|---|---|---|
| Absa Cash Invest Tracker | R100,000 | 7.25% |
| Absa Tax Free Savings Account | R1 | 7.40% |
| Discovery Tax-Free Demand Savings Account | R1 | 6.50% |
| FNB Money Maximiser | R100,000 | 7.00% |
| Investec PrimeSaver Account | R100,000 | 6.55% |
| Nedbank Platinum Invest | R1 | 6.75% |
| Nedbank Tax-free Savings Account | R1 | 6.75% |
| Nedbank MoneyTrader | R50,000 | 6.70% |
| Standard Bank Tax-Free Call | R250 | 6.53% |
| Standard Bank MoneyMarket Select | R100,000 | 7.05% |
| TymeBank GoalSave Bonus Rate (10-Day Notice) | R1 | 10.00% |