SA banks step up for savers
Capitec joins TymeBank to soften the blow for savers hard hit by another cut in the repo rate
17 April 2020 - 13:16
In response to this week’s 100 basis point cut, Capitec has announced that it will pay only 50 basis points less in interest on positive balances in transactional accounts and flexible savings plans.
When the Reserve Bank cuts the repo rate, borrowers pay less interest on credit and loans, but savers earn less interest on their deposits...
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