Save money and earn interest daily
With Momentum Money, every rand you save starts working for you immediately.
We maximise your savings by investing your money in the Momentum Money Market Fund, offering a competitive interest rate and immediate access to your funds, unlike the traditional money market fund.
- Earn a competitive interest rate of 8.82% p.a
- Your money is invested in one of the best performing local money market funds.
- The interest is calculated daily and paid out monthly.
Higher returns, lowest investment fees
Momentum Money is a Digital Savings Account that offers an innovative savings plan solution that pools and invests clients’ funds into a money market fund, enabling us to provide a compelling interest rate at reduced fees.
- An annual investment fee of 0.115% is deducted by the fund manager, Momentum Collective Investments, before the interest is paid.
- There is an annual admin fee of between 1% and 1.4%. The higher your savings balance, the lower your admin fee!
- You need a minimum balance of R25 in your Savings Wallet to keep your account active.
Open your account on the Momentum Money App
We've removed the hoops and hurdles to make signing up for a Momentum Money Digital Savings Account effortless.
Download the App and sign up for an account in just under 2 minutes. We've kept the admin minimal to fast track your journey to financial success.
Momentum Money FAQs
Find all the answers you need in our frequently asked questions section.
Click "Add money" on the Momentum Money App to see your account details. Your deposits will be reflected in your Payment Wallet. Remember to transfer money to your Savings Wallet to start earning interest.
We have partnered with Sasfin Bank to allow you to deposit money into your Momentum Money Payment Wallet.
The money you deposit will reflect in your Payment Wallet. Simply transfer money to your Savings Wallet to start earning interest daily.
You can swipe your Momentum Money Visa card online and in-store countrywide. You can also make cardless payments via Scan to Pay at participating retailers, and send money to other people with Momentum Money.