#SayNoToLazyMoney! Are you one of the millions of South Africans with ‘lazy money’ sitting in your current or cheque account, earning no interest whatsoever?
Research shows you’re not alone! There is R295-billion-worth of lazy deposits in SA. If this money earned just 4.75% interest per annum, that’d put over R14-billion into South Africans’ pockets. Imagine all these people switched to Capitec and did just that – earned from 4.75% interest p.a. on their transactional accounts.
The reality is many of us need quick access to our money, so we frequently fail to move funds into the savings accounts that’ll earn us optimal interest. Francois Viviers, Executive: Marketing and Communications at Capitec Bank, says the opportunity cost is immense. “We want to help South Africans bank better so that they can live better. Providing clients with interest on their transactional account is one keyway we are doing this. We believe your main account should grow your money and not just hold it. In the last year, Capitec clients have earned over R 1.2 billion in interest on their transactional accounts alone.”
MAKE YOUR MONEY WORK AS HARD AS YOU DO!
Capitec clients begin earning interest from the first rand deposited into their transactional account. The interest is calculated on your daily balance, which means that your money is working for you, while you’re working to make further money.