Old Mutual Bank Savings Account Interest Rates 2025

Old Mutual Bank Savings Account Interest Rates 2025: An Overview

As we enter the year 2025, many individuals and businesses are looking for reliable and secure ways to grow their savings. Old Mutual Bank, a leading financial institution, offers a range of savings accounts that cater to diverse financial needs. In this article, we will delve into the Old Mutual Bank savings account interest rates for 2025, highlighting the benefits and features of each account type.

Types of Savings Accounts Offered by Old Mutual Bank

Old Mutual Bank offers several savings account options, each designed to meet specific financial goals. The accounts include:

1. Fixed Deposit Account: A fixed deposit account that offers a fixed interest rate for a specified period, ranging from 3 to 60 months.
2. Savings Account: A standard savings account that allows for easy access to funds while earning interest.
3. Youth Savings Account: A savings account designed for minors, promoting a savings culture from a young age.
4. Business Savings Account: A savings account tailored for businesses, providing a secure and convenient way to manage company funds.

Old Mutual Bank Savings Account Interest Rates 2025

The interest rates for Old Mutual Bank savings accounts in 2025 are as follows:

1. Fixed Deposit Account:

   • 3 months: 4.5% per annum
   • 6 months: 5.0% per annum
   • 12 months: 5.5% per annum
   • 24 months: 6.0% per annum
   • 36 months: 6.2% per annum
   • 60 months: 6.5% per annum

2. Savings Account:

   • 2.5% per annum (tiered interest rates apply based on account balance)

3. Youth Savings Account:

   • 3.0% per annum (fixed interest rate for accounts with a minimum balance of R1,000)

4. Business Savings Account:

   • 2.0% per annum (tiered interest rates apply based on account balance)

Benefits of Old Mutual Bank Savings Accounts

Old Mutual Bank savings accounts offer several benefits, including:

1. Competitive Interest Rates: Attractive interest rates that help grow your savings over time.
2. Low Minimum Balance Requirements: Affordable minimum balance requirements make it easy to open and maintain an account.
3. Convenient Access: Easy access to funds through online banking, mobile banking, and a network of branches and ATMs.
4. Security: Deposits are insured, providing peace of mind and protecting your savings.
5. Flexibility: A range of account options to suit different financial needs and goals.

Conclusion

Old Mutual Bank savings account interest rates for 2025 offer competitive returns on investment, making them an attractive option for individuals and businesses looking to grow their savings. With a range of account types and benefits, Old Mutual Bank provides a secure and convenient way to manage your finances. Whether you’re saving for a short-term goal or long-term investment, Old Mutual Bank has a savings account that suits your needs. Visit your nearest Old Mutual Bank branch or website to learn more about their savings account offerings and open an account today.