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This account is a reliable and profitable savings vehicle to ensure that your savings grow in times of market uncertainty. The Sanlam Liquid Savings Account allows you to invest in the SIM Money Market Fund so that you can reap the rewards of the high interest rates. You will also be rewarded with additional interest depending on the amount you have saved*.
The Sanlam Liquid Savings Account allows for easy withdrawals. You can access your investment via:
- Access to the Sanlam Liquid Internet Transactional Facilities. This means that you can pay beneficiaries, or set up recurring payments to accounts of your choice.
- Setting up debit and stop orders on the account. You can arrange with your employer to pay a portion of your salary into this account, or arrange for a debit order or stop order from your existing account into the Sanlam Liquid Savings Account.
The Sanlam Liquid Savings Account does not allow for a transactional card. However, existing Sanlam Liquid Debit Card holders who open a Sanlam Liquid Savings Account will have immediate transfer facilities between the 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 normal service 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 service fee on the SMMF as follows:
| Daily balance |
Annual management fee |
Saving in management fees |
| R5 000-R9 999 |
3.5% |
|
| R10 000-R19 999 |
2.5% |
1% |
| R20 000-R29 999 |
1.5% |
2% |
| R30 000-R49 999 |
1% |
2.5% |
| >R50 000 |
0.5% |
3% | |
