Need to save for
a rainy day?
We’ve got you covered. Let’s get started.

Looking to build emergency fund savings?

Most of us don't necessarily have any big goals that we’re saving for, although we should. Saving money to cover the cost of emergencies is one of the best ways to manage your finances. You avoid the risk of asking for loans to cover the cost of unforeseen incidents. Want to save?

A South African woman Googles tips on how to create an emergency fund, on her cellphone.
Do you know why having an emergency fund is important?
What you can expect if you start saving today?

The examples set out in the table below show what the future value of your savings could look like.

Monthly contribution

Amount you will have saved over 5 years

Amount you will have saved over 10 years

Amount you will have saved over 15 years

R500/month

R39 093

R104 160

R208 266

R1 000/month

R78 186

R208 320

R416 532

R1 500/month

R117 280

R312 480

R624 798

R2 000/month

R156 373

R416 640

R833 064

R2 500/month

R195 466

R520 801

R1 041 329

R500/month
R1 000/month
R1 500/month
R2 000/month
R2 500/month

Amount you will have saved over 5 years

R39 093

Amount you will have saved over 10 years

R104 160

Amount you will have saved over 15 years

R208 266

Amount you will have saved over 5 years

R78 186

Amount you will have saved over 10 years

R208 320

Amount you will have saved over 15 years

R416 532

Amount you will have saved over 5 years

R117 280

Amount you will have saved over 10 years

R312 480

Amount you will have saved over 15 years

R624 798

Amount you will have saved over 5 years

R156 373

Amount you will have saved over 10 years

R416 640

Amount you will have saved over 15 years

R833 064

Amount you will have saved over 5 years

R195 466

Amount you will have saved over 10 years

R520 801

Amount you will have saved over 15 years

R1 041 329

The purpose of this table is to illustrate the possible future value of savings. The table assumes an 8% gross growth rate on your savings and an annual premium increase of 5%. Growth rates can vary depending on economic circumstances. The amount that you need to save might however differ depending on your specific circumstances and needs. Please do not rely purely on this table when making financial decisions. It’s always important to get professional financial advice.
Now let’s explore some of your options

Ideally, you want to get into the habit of saving when you land your first job. The next best time to start saving is now. Old Mutual has a range of products designed to help you save.

Features

Tax Free Savings Account

Grow your savings without paying tax the growth your money earns

Flexible Plan

Allows you to supplement your tax free savings or save for any other life goals

Money Account

A low-cost transactional account designed to help you save

Unit Trusts

A flexible investment with a large selection of funds to choose from

Monthly premiums

From R250/month

From R500/month

For a low monthly admin fee of R4.95

From R500/month

Can I stop investing when I am no longer able to?

Is my investment growth tax free?

Can I access my money if I need it?

Can I invest online?

Can I choose funds outside Old Mutual?

Tax Free Savings Account

Grow your savings without paying tax the growth your money earns

Features

Flexible Plan

Allows you to supplement your tax free savings or save for any other life goals

Features

Money Account

A low-cost transactional account designed to help you save

Features

Unit Trusts

A flexible investment with a large selection of funds to choose from

Features

Monthly premiums

From R250/month

Can I stop investing when I am no longer able to?

Is my investment growth tax free?

Can I access my money if I need it?

Can I invest online?

Can I choose funds outside Old Mutual?

Monthly premiums

From R500/month

Can I stop investing when I am no longer able to?

Is my investment growth tax free?

Can I access my money if I need it?

Can I invest online?

Can I choose funds outside Old Mutual?

Monthly premiums

For a low monthly admin fee of R4.95

Can I stop investing when I am no longer able to?

Is my investment growth tax free?

Can I access my money if I need it?

Can I choose funds outside Old Mutual?

Monthly premiums

From R500/month

Can I stop investing when I am no longer able to?

Is my investment growth tax free?

Can I access my money if I need it?

Can I invest online?

Can I choose funds outside Old Mutual?


Why have emergency fund savings? There are many reasons why saving money for a rainy day is important. But we don’t just want you to save without seeing a benefit. We are about making your savings grow. Here’s why you should save.
What good investing means?

Start investing sooner and do it for a longer period. Never mind the ups and downs along the way. You are more likely to make good money this way.

Don't disinvest when the going gets tough. The market may have dipped now, but the potential to gain is greater when the market bounces back. Be patient.

Experience counts. No manga manga ‘make quick money’ investment companies. Invest with a company that has experience in managing people’s money in different market conditions.

Investment is not about making quick ching ching. It’s about understanding the rules of the game. Here are a few pointers to help you make the right investment decisions.

A South African woman reads research online about different ways to invest and save.
Know it so you can grow it

Here are some articles to help you get your head around investing.