The interest rate hike has at least brought some benefit to savers.
FNB has increased the interest rate on its Flexi Fixed Deposit Account to 10.75% - best of all you only need to save R100 to start benefiting from this excellent rate.
It's a 12 month fixed deposit account, so to earn the full potential you have to leave your money in the account for a year. However, you can make up to two withdrawals each year - up to a maximum of 15% of the total amount in the account - when you give 24 hours notice.
All transactions are free and you can deposit money at anytime via your branch, ATM, phone or online banking.
Click here for more information on the FNB Flexi Fixed Deposit Account.