Best Money Market Fund In South Africa - A Complete Guide!

So, you want to put some money aside for a car or a house deposit, but you don’t want to tie it up for 5 years. Perhaps you have some extra cash available that you want to invest to try and keep up with inflation, or you just need a place to park your emergency fund.

What is the best investment in the South African market to achieve these short-term goals? Well, that is what we are going to find out today!

YouTube Chapters:

00:00 Introduction
03:01 Money Market Fund vs Money Market Account
06:00 How Does A Money Market Fund Work?
07:25 What Can A Money Market Fund Be Used For?
08:25 What To Consider When Choosing A Money Market Fund?
12:59 Best Money Market Fund Options In South Africa

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My name is Dr. Pieter Marx de Villiers, and I'm a Veterinarian turned Financial Advisor from South Africa who aims to retire by the age of 35. Follow me in my journey towards Financial Freedom in (hopefully) just 10 years! :)

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DISCLAIMER

Whilst I am a Registered Financial Advisor under the FSCA, the content on this YouTube Channel and all of my other Social Media Platforms are only for Educational Purposes and should not be taken for Financial Advice. You and only you are responsible for your financial decisions and must therefore conduct your own research and seek the advice of a licensed Financial Advisor where necessary.

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[MoneyMarx]

Thanks for watching guys! Just an update, the EAC on the 10X Money Market Fund is actually 0.32% and that of Prescient 0.3%, which makes both of them also great options alongside Sygnia and Coronation :)

[maxiejonk]

Thanx Pieter! You have now idea what influence you've had on our lives- we are on a much better path than we were 2 years ago! You rock!

[dineomakhata]

Thank you for all your hard work. Doesn't go unnoticed. Can't wait for the follow up video where to try to review a number of Money Market funds institutions for us. Thank you.

[alexisgono]

Please do video on investment funds between 12months and 3years

[leonvieira]

Another banger from the Top G...Sygnia Fund is calling me. Also yes please longer timer horizon would be awesome.

[kgomotso]

@money marx what do you think about livestock wealth 6 month and 12 month products as a short term investment vs money market funds?

[midlifebackpackers]

Depositor plus, from ABSA has always had great rates. Currently 7, 55% and normal savings account flexibility. So I can't really understand why the money market interest rates are so low in comparison to a normal savings account. What am I missing?

[rugbywindow]

Wow, thanks for doing all the hard work for us!

[deano]

Howzit Pieter, I almost feel like I should pay you a retainer (LOL). Thanks for the very detailed advice. Would love to hear your input regarding investment 12month +

[cleopas_michael]

Simonis storm securities money market account is the cheapest in Namibia

[onartschool]

Thank for this! I'm confident in my choices so far 😌

Looking forward to the next video!

[robyn_southafrica]

Hey there! Great video, shopping around for MMA/MMF information and this one was informative AF 🤭😃 Dankie Pieter!
(15:27 did you make a video on investment periods between 1 and 3 years already? Coz I'm wondering now what if i want to keep that money longer what to do with it 😅)

[FLCKR]

stupid question, but what is difference between the sygnia money market class A /s1/s2 ?

[kyleadrian]

Can u show us how to load or deposit the lump sum into sygnia

[ML-dtqg]

Thank you so much, this was very informative and plan on investing. Also looking at investing long term with max benefits…which ones would you suggest?

[phenyolawrence]

Which is the best institute to open my MMF at.where the interest is around 9%.pls help broer.

[b_dono]

love your explanation. and yes you are olig ( hope my spelling is right). I understood at first then it got confusing. how do I find info on structuring my finances? I have a financial advisor from my bank but they don't approach me. when I do have time to ask them questions it is rather quick answers.

[lilyhattingh]

Thanks Pieter. Great breakdown. Yes for a video on longer term 1 - 3yrs. Just a note... in your YT description the link to book a call with Terence Tobin is not working. Kindly please could you check and update as I'd like to book a call with him. Again, thank you for your super informative videos.

[michelledaniels]

Thank you for the help and info you always provide been working on this for a while...helps us alot to make a choice that works for us...

[katieconrad]

Would you recommend these accounts for freelancers to set aside tax money?