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Bank Trust Account Interest Rates

Bank Trust Account Interest Rates

Below are the trust account interest rates as provided by the various Banks. The LPPF publishes these trust account interest rates on behalf of the Banks and accepts no responsibility for the accuracy of these trust account interest rates.

Please consult with your Bank to establish what rate of interest is being paid on your trust account.

ABSA credit interest rates below, effective from 19 September 2020.

New Rate
R0.01 – R50 000.00 0.10%
R50 000.01 – R100 000.00 0.10%
R100 000.01 – R500 000.00 0.10%
R500 000.01 – R1 000 000.00 0.20%
R1 000 000.01 – R2 500 000.00 0.25%
R2 500 000.01 – R5 000 000.00 0.40%
R5 000 000.01 – R10 000 000.00 0.75%
R10 000 000.01 – R30 000 000.00 0.80%
R30 000 000.01 – R999 999 999 999 999.99 0.90%

FNB credit interest rates below, effective from 24 July 2020.

BALANCE TIERS Previous Rate New Rate
R1 – R999.99 0.00% 0.00%
R1 000 – R9 999.99 0.00% 0.00%
R10 000 – R24 999.99 0.00% 0.00%
R25 000 – R49 999.99 0.00% 0.00%
R50 000 – R99 999.99 0.00% 0.00%
R100 000 – R249 999.99 0.00% 0.00%
R250 000 – R499 999.99 0.00% 0.00%
R500 000 – R999 999.99 0.20% 0.00%
R1 000 000 – R2 499 999.99 0.50% 0.25%
R2 500 000 – R4 999 999.99 0.75% 0.50%
R5 000 000 – R9 999 999.99 1.00% 0.75%
R10 000 000 – R29 999 999.99 1.15% 0.90%
R30 000 000+ 1.30% 1.05%

NedTrust – section 86(2) of the Legal Practice Act 28 of 2014.

Account balance Interest
R1 000 – R9 900 0.00%
R100 000 – R999 999 0.25%
R1 000 000 – R4 999 999 0.40%
R5 000 000 + 0.80%

Standard Bank credit Interest rates below, effective from 24 July 2020.

Nominal
R0 – R24 999 0.00%
R25 000 – R49 999 0.00%
R50 000 – R74 999 0.05%
R75 000 – R99 999 0.10%
R100 000 – R999 999 0.15%
R1 000 000 – R1 999 999 0.30%
R2 000 000 – R2 999 999 0.40%
R3 000 000 – R4 999 999 0.55%
R5 000 000 and above 0.85%