Take the guesswork out of your future financial planning and start saving today for a specific goal. Whether it is for your children’s education, buying a car, taking a holiday or buying a house. With our savings plan it is
Mercantile Bank’s Tax Exempt Savings Account, TESA, is an excellent tool for contributing to financial freedom. Because the interest earned is tax-free and interest is compounded (there’s interest on your interest), you can amass abundant wealth over a lifetime. Alternatively,
Suitable for customers wanting to save for long-term goals with no fees or tax.
Tiered interest rate that increases as savings grow.
Low entry level of R50 and additional deposit facility of R50, with free monthly or weekly stop orders, make this an affordable savings option. Interest can be paid out or capitalised on a monthly basis.
A 100% cash savings product. Cash will be invested in the JSE Trustees Account, where it will earn interest at the average money market call rate received by the largest banks. This is (as of Feb 2015) at 5.54%.
