FNB Money Maximiser

The FNB Money Maximiser helps you to grow your wealth risk free, and access your funds quickly. Find out more about this convenient savings account via JustMoney.

Saving money effectively while earning competitive interest rates is a smart financial strategy, and the FNB Money Maximiser account is tailored to help you achieve this goal.

Tip: A personal loan at a customised interest rate gives you a quick cash boost in an emergency.

What is the FNB Money Maximiser?

The FNB Money Maximiser is a savings account that allows you to earn a money market fund-related interest rate, and gives you quick and easy access to your money.

Whether you’re saving for a major purchase, boosting your emergency fund, or simply working towards financial freedom, the FNB Money Maximiser is reliable and flexible.

How does FNB Money Maximiser work?

The account offers money market-related interest rates, but functions more like a savings account than a fixed deposit account. You can withdraw your funds at any time without incurring a penalty.

With features such as tiered interest rates that reward you for having a higher balance, and the flexibility to access your money at any time, this account allows your money to work harder for you.

What are the benefits of the FNB Money Maximiser?

The FNB Money Maximiser offers guaranteed capital and quoted returns, along with higher interest than a typical savings account. However, you need to invest a minimum of R100,000, which means the account is not accessible to everyone.

Are FNB Money Maximiser savings tax-free?

Savings in the FNB Money Maximiser account are subject to tax as they accrue interest.

This interest forms part of your taxable income and needs to be declared in your annual tax return.

However, FNB also offers tax-free savings accounts that allow you to save a set amount every year without paying tax on the interest earned (the annual limit is R36,000, and the lifetime limit, R500,000).

Features

Original deposit and quoted returns guaranteed
Flexible online and ATM deposits and withdrawals
Third-party payments are allowed
You can set up regular transfers into your account
You can reinvest or redirect your interest into another account
You can open and manage your account online

The table below sets out the FNB Money Maximiser fees and charges:

Notice period	None – instant access
Investment period	No minimum period required
Opening balance	R100,000
Nominal interest rate over 12 months interest	8.25%
Monthly fee	R65
Cardless cash withdrawal fee (cell phone banking)	R2.60 per R100/R10 per R1,000, up to R2,000
Cash withdrawal fee – FNB ATM, FNB Mini ATM	R2.60 per R100/R10 per R1,000 up to R2,000
Cash withdrawal fee – other bank ATM	R12 + R2.60 per R100
Cash withdrawal fee – bank branch	R80 + R3.20 per R100
Account payments – FNB Banking App, online banking, or cell phone banking	R45
Account payment – own bank ATM	The payment fee is R45, but you can avoid it by transferring money to your current account for free, and then paying from there
Transfer fee – branch or telephone	R80
Pay and clear	R60
Cash deposit fee – own bank ATM	R1.60 per R100 (no minimum)
Cash deposit fee – bank branch	R80 + R3.20 per R100
Receive money via digital channels	No charge
Balance enquiry – FNB Banking App, online banking, cell phone banking, and ATMs	Free
Balance enquiry – branch and telephone banking (consultant assisted), other banks’ ATMs, international point-of-sale	R7.30
Digital statement – current month	Free
FNB ATM mini statement (print or view)	R3.75 per statement
Emailing of statement older than 12 months (online banking)	Free
Printing of statements – ATM with deposit function	R3.75 per page
Statement – branch/telephone banking	R50 per statement
Emailing of statement – branch and telephone banking	R50 per statement

Note that you will not earn interest on your savings if your balance is less than the minimum account opening deposit amount.

Since the FNB Money Maximiser account is not a notice account, there is no notice period required before you can withdraw your money.

Tip: Also consider the FNB 32 Day Flexi Notice account, which offers a favourable interest rate and encourages long-term savings.

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