Business Investment Accounts
We offer businesses and non-profit organisations two types of investment account facilities:
1.Business Investment Account We can offer your business a Business Investment Account facility, by opening an Allan Gray investment account and investing in Allan Gray Money Market Fund. Minimum starting balance R100,000 You can view account online, add or withdraw at any time, takes 3 to 4 business days for money to be back in your business bank account. Current interest rate about 4.0% Interest is paid monthly. Our advice fee is 0.23% (including VAT) for the first R5,000,000, then 0% for amount above R5,000,000. 2.Enhanced Business Investment Account An Enhanced Business Investment Account offers a higher yield, by investing in a portfolio of income and fixed interest funds in an Allan Gray Investment Platform account. Minimum starting balance R100,000 Recommended minimum investment term: 12 months You can view account online, add or withdraw at any time, takes 3 to 4 business days for money to be back in your business bank account Current interest rate 7.0% (approximate) Interest is paid monthly. Some income funds in the portfolio pay interest quarterly. Our fee is 0.23% (including VAT) for the first R5,000,000, then 0% for amount above R5,000,000. If you would like get more information on business investment account, please contact our Life & Invest Department on 011-658 1333, email [email protected]. |
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