Stats show R295bn worth of ‘lazy money’ is in SA
Make sure you earn interest, even in transactional accounts, and don’t only pay bank fees
South Africans appear to be paying no attention to the interest they earn on money in their savings accounts, if research by Capitec bank is anything to go by.
A series of polls by the bank found that 59% of respondents with a savings plan do not know how much interest they are earning. And a whopping 86% of respondents do not know what “lazy money” is. ..