![A woman with long curly hair stands holding a tablet, visibly impressed by the good interest rate on the Momentum Money Savings Wallet.](https://sls-fresco.momentum.co.za/files/images/momentum-money/momentum-money-interest-rate-hero.jpg)
Save money and earn interest daily
With Momentum Money, every rand you save starts working for you immediately.
We maximise your savings by investing your money in the Momentum Money Market Fund, offering a competitive interest rate and immediate access to your funds, unlike the traditional money market fund.
- Earn a competitive interest rate of 8.84% p.a
- Your money is invested in one of the best performing local money market funds.
- The interest is calculated daily and paid out monthly.
Higher returns, lowest investment fees
![Wooden blocks stacked at increasing height with a blue arrow depicting growth painted on each stack.](https://sls-fresco.momentum.co.za/files/images/momentum-money/enjoy-higher-returns.jpg)
Momentum Money is a Digital Savings Account that offers an innovative savings plan solution that pools and invests clients’ funds into a money market fund, enabling us to provide a compelling interest rate at reduced fees.
- An annual investment fee of 0.115% is deducted by the fund manager, Momentum Collective Investments, before the interest is paid.
- There is an annual admin fee of between 1% and 1.4%. The higher your savings balance, the lower your admin fee!
- You need a minimum balance of R25 in your Savings Wallet to keep your account active.
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