11 High Yield Savings Accounts in South Africa (with the Highest Interest on Savings in 2024)

This video is for any South African looking for the best high yield savings accounts that will earn them high interest on their savings to grow their money faster! In this video, I share the top 11 high-yield savings accounts in South Africa that offer some of the highest interest rates available in the country. Whether you're saving for a down payment on a house, a dream vacation, or simply building an emergency fund, these accounts can significantly boost your savings faster than normal savings accounts.

Here's what we'll cover in this video:
0:00 Why High Yield Savings Accounts are Better

0:41 What are High Yield Savings Accounts?

1:38 Section Breakdown & How to Choose

2:16 Section 1

6:02 Section 2

6:35 Section 3

8:20 Final Note

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Disclaimer: This video provides general information about high-yield savings accounts in South Africa. It is not financial advice. The views and opinions in this video are Yvonne Freely's and not of any organisation. This is not a sponsored video. Please consult with a qualified financial advisor before making any investment decisions. Please consult a registered professional for personalized guidance.

[YvonneFreely]

Check out the NEW Best Fixed Deposit Savings Accounts video after this one for 13% interest on long term savings! 🙌🏾 Please kindly support the channel by NOT skipping the ads.

[tloporomamabolo]

Thanks for simplicity in providing this valuable information.

[matselengraphela]

Mamazala o star! Kao verstaana! Ge nka kopana le wena ke tlo gaya bear hug! You went out and did the research I struggle to find the time to do! I really appreciate this information! 🙏🏾 🙏🏾❤

[MarianaCecilia-cl]

I love how you break down the cost want more information

[MsLungiLungz]

Any thoughts about Capitec fixed deposits and yields? Thanks

[irnaho]

Yes please.. Do a video on the nominal and effective interest 😊

[busimafunda]

Hi Yvonne, your content is truly appreciated, easy to understand and easy to implement. Thank you!

[connorgoosen]

Love how clear your explanations are! Just subbed!

[nkuthalomampofu]

I like the way you go straight to the points.

[inno]

This was very resourceful. I really loved this video.I have the Discovery one and a money market one on easy equities, i prefer the discovery one as i can access funds immediately and my initial deposit was only a thousand when i started.

[kingclos]

Can you please explain the difference between Nominal and effective interest

[mochakiramalepe]

Thank you for this information. Please explain the nominal and effective interest

[babsydida]

Hi, does this high yield savings account offer higher interest even if integrates rate are low

[Kill_Moves]

Hi Yvonne

You just got a new sub.

I was looking for this information to start farming these savings accounts.

What’s the implications on tax ?

[thulilekubheka]

I have the Tyme Bank savings account Von, great video thank you

[Fearless]

I love this type of topics is like i can invest a milli so i can stop working

[SanelisiweLifelately]

This is a video I didn't know I needed, so informative. thank you for sharing.

[vusimhlanga]

Thanks so much sis Yvonne..valuable info that's so hard to get

[vuyorozani]

What’s the tax implications for the investment interests??

[euginia_mathapelo]

This was so informative...You gained a subscriber in me, Thank you for sharing😊