In simple terms, interest rates refer to the cost of borrowing money. When a bank lends you money, they charge you a percentage of that loan, which is payable monthly. …
There are myths about interest rates that need to be demystified. Higher rates lead to higher inflation – while the interest rate is the cost of money, it doesn’t mean that it has a…
Interest enables a lender to profit on what they are providing to a borrower. Essentially, it’s the cost of debt. The percentage charged is dependent on an individual’s risk level. The lower the risk, the higher…
Calculation time! Investment interest rates Below are Standard Bank investment rates. Fixed Deposit Rates The rates below apply to investment amounts of R1 000 to R99 999. Interest rates are…