Need to save for a rainy day?We’ve got you covered. Let’s get started.
 personal your goals i want to save for a rainy day

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?

Lady looking at her mobile phone
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
Benefits
R1 000/month
Benefits
R1 500/month
Benefits
R2 000/month
Benefits
R2 500/month
Benefits
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 optionsIdeally, 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 simply save for any other life goals

Unit Trusts

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

Benefits

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 when I need it?

Can I choose funds outside Old Mutual?

Can I invest online?

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 when I need it?

Can I choose funds outside Old Mutual?

Can I invest online?

Monthly premium

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 when I need it?

Can I choose funds outside Old Mutual?

Can I invest online?


 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?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.

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.

What good investing means?
Know it so you can grow itHere are some articles to help you get your head around investing.