Investec MoneyFund Tracker Review for November 2024
Introduction
The Investec MoneyFund Tracker is a savings account offered by Investec. Unlike notice or fixed deposits, savings accounts allow quick and easy access to your money.
This page summarises interest rates offered by Investec MoneyFund Tracker and compares them to South Africa's savings account industry average. So you can get a good idea how the interest rates offered by Investec MoneyFund Tracker compare to other banks.
The MoneyFund Tracker tracks qualifying South African money market funds ensuring you always get a competitive market related rate, without incurring fees.
Investec MoneyFund Tracker highlights
last updated 1st November 2024 by Walter
- The Investec PrimeSaver Account offers interest rates 7.70% - 7.80% and accepts investments from R100,000
Investec MoneyFund Tracker
This table shows Investec MoneyFund Tracker's interest rates for a R250,000, R1,000,000 and R5,000,000 investment in Investec MoneyFund Tracker versus the industry average.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R250,000 | 7.71% #10 out of 20 | 6.81% | + R 2,396 |
| R1,000,000 | 7.71% #7 out of 17 | 6.62% | + R 11,688 |
| R5,000,000 | 7.71% #7 out of 17 | 6.62% | + R 58,439 |
- 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 Investec MoneyFund Tracker.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R250,000 for 18+ | 7.71% | 6.81% | + 2,396 |
| R1,000,000 for 18+ | 7.71% | 6.62% | + 11,688 |
| R5,000,000 for 18+ | 7.71% | 6.62% | + 58,439 |
- 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 Investec MoneyFund Tracker.
You get a 7.71% interest rate at Investec MoneyFund Tracker for a R5,000,000 investment. The industry average for a savings account with a balance of R5,000,000 is 6.62%. Over one year you will earn R58,439 more in interest at Investec MoneyFund Tracker compared to the average savings account.
Here are other similar savings accounts in South Africa which require a minimum deposit between R250,000 - R250,000
| Account | Min Deposit | Rate |
|---|---|---|
| Investec MoneyFund Tracker | R250,000 | 7.71% |