The Sanlam Liquid Savings Account is a reliable and profitable savings vehicle if you don’t need instant access to your savings via a debit card. It allows you to invest in the SIM Money Market Fund, so you can reap the rewards of the high interest rates. You’ll also be rewarded with additional interest, depending on the amount you’ve saved*.

In summary, you get:

• high interest rates on your money;

• a dedicated savings account with no debit card;

• fully-fledged internet transactional facilities for transfers and online payments;

• the option to set up debit orders and stop orders on your account; and

• competitive and transparent transactional fees.

There is no debit card linked to the Sanlam Liquid Savings Account. However, the account can be used for special needs,  e.g. an emergency fund, an account for earmarked savings or expenses e.g. an overseas holiday, household or medical expenses.

Existing Sanlam Liquid Debit Card holders who open a Sanlam Liquid Savings Account will have immediate transfer facilities between their Sanlam Liquid Savings and Sanlam Liquid Debit Card Accounts (transactional fees are applicable).

The minimum investment is R5 000. To apply for your Sanlam Liquid Savings Account, click here.

* The annual management fee on this product is 3.5% (excluding VAT), and a minimum investment of  R5 000 is required. However, Sanlam Liquid will reward you with additional interest (depending on the amount you have saved) by decreasing your annual management fee on the SMMF as follows: