Healthcare professionals and medical businesses have specific needs and requirements when it comes to investment and savings. MediCoop offers investment and savings accounts with very attractive interest rates, flexibility and no monthly fees.*
| Savings Amount | Savings Period | Nominal Interest Rate* |
| Any Amount | Immediate Access | 8.15% |
| Savings Amount | Savings Period | Nominal Interest Rate* | Effective Interest Rate (Annual Payout) |
| Any Amount | 45-Days Notice | 8.35% | 8.68% |
| Any Amount | 90-Days Notice | 8.50% | 8.84% |
| Savings Amount | Savings Period | Nominal Interest Rate* | Effective Interest Rate (Annual Payout) |
Effective Interest Rate (Payout on Expiry) |
| R10,000 to R100,000 | 6 Months | 8.70% | 9.06% | 8.88% |
| R100,001 to R500,000 | 6 Months | 8.80% | 9.16% | 8.98% |
| R500,001 to R1,000,000 | 6 Months | 8.90% | 9.27% | 9.08% |
| R10,000 to R100,000 | 12 Months | 9.00% | 9.38% | 9.38% |
| R100,001 to R500,000 | 12 Months | 9.10% | 9.49% | 9.49% |
| R500,001 to R1,000,000 | 12 Months | 9.20% | 9.60% | 9.60% |
| R10,000 to R100,000 | 24 Months | 9.30% | 9.71% | 10.18% |
| R100,001 to R500,000 | 24 Months | 9.40% | 9.82% | 10.30% |
| R500,001 to R1,000,000 | 24 Months | 9.50% | 9.92% | 10.42% |
| R10,000 to R100,000 | 36 Months | 9.60% | 10.03% | 11.07% |
| R100,001 to R500,000 | 36 Months | 9.70% | 10.14% | 11.21% |
| R500,001 to R1,000,000 | 36 Months | 9.80% | 10.25% | 11.34% |
| R10,000 to R100,000 | 48 Months | 10.00% | 10.47% | 12.23% |
| R100,001 to R500,000 | 48 Months | 10.10% | 10.58% | 12.38% |
| R500,001 to R1,000,000 | 48 Months | 10.20% | 10.69% | 12.53% |
| R10,000 to R100,000 | 60 Months | 10.35% | 10.86% | 13.48% |
| R100,001 to R500,000 | 60 Months | 10.50% | 11.02% | 13.73% |
| R500,001 to R1,000,000 | 60 Months | 10.65% | 11.19% | 13.98% |
| R 1,000,001 and above | A premium rate applies to balances above R1million. Terms & conditions apply. | |||
More Information
Product Catalogue Apply for a Savings Account
* Last Updated: 01 July 2023.
** Rates and fees are subject to change based on daily market fluctuations and economic changes. All rates are quoted on a nominal annual compounded monthly basis for the relevant period. Clients (Members) are required to maintain a minimum positive cash balance of R500 in their flexible notice deposit account and a minimum positive cash balance of R10,000 in their fixed rate deposit account. Terms and conditions apply.
Members may acquire additional voluntary shares to a maximum value not exceeding 15% of the existing allocated shares. MediCoop also provides long term investment instruments particularly focused on members that wish to invest capital beyond the limited 15% shareholding ceiling. Please contact us for more information on the various investment options.
Direct Investment
MediCoop has access to attractive direct investment opportunities for investors that may wish to directly invest and participate in specific medical facilities. MediCoop shall act as capital conduit and manage the finance compliance and risk aspects of the project.
Institutional Funds Investment
MediCoop aim to attract investment from Institutional Fund Managers, with a social impact mandate to invest in SMEs, infrastructure and skills development and market entrants (young professionals and new medical facilities). The strictly regulated co-operative financial structure makes it an ideal platform to invest through.
What is a Value-Added Fixed Deposit Investment?
The MediCoop Value-Added Fixed Deposit Investment is a product only available to our members, offering the opportunity to earn high returns linked to the performance of our medical asset rental portfolio.
How does the Value-Added Fixed Deposit Investment works?
Open a 60-month value-added fixed deposit investment account and get a nominal rate of 11.5% p.a. (the effective rate* being 12.13% p.a.) - Plus, get an additional rate based on the performance of the asset rental portfolio.
It is restricted to the healthcare industry, which is our field of expertise, knowledge, experience and reputation.
The risk is limited and well managed: We have a less than 1% default rate, with comprehensive insurance in place to further mitigate the risks.
Given the accelerated growth and expansion in medical innovation and technological development, the market is in a rapid growth phase.
* The effective rate is the rate of interest earned on an investment as a result of compounding of interest over a given period of time. To get your effective rate, do not withdraw all your savings during the investment period. This rate, therefore, considers compound interest, in that you’re earning interest on top of the previous month’s investment that includes the previous month’s interest.
Features
| Savings Amount |
Savings Period |
Capital Placement Rate via Asset Rental Transactions |
Value-Added Component |
Nominal Rate to Depositor Incl. Value-Added Component |
Effective Rate to Depositor Annual Interest Pay out |
Effective Rate to Depositor Pay out on Expiry |
||
| Hurdle Rate | 13.5% | Minim Fixed Rate | 11.50% | 12.13% | 15.45% | |||
| 14.0% | 0.25% | 11.75% | 12.40% | 15.89% | ||||
| 14.5% | 0.50% | 12.00% | 12.68% | 16.33% | ||||
| 15.0% | 0.75% | 12.25% | 12.96% | 16.79% | ||||
|
15.5% | 1.00% | 12.50% | 13.24% | 17.24% | |||
| 16.0% | 1.25% | 12.75% | 13.52% | 17.71% | ||||
| 16.5% | 1.50% | 13.00% | 13.80% | 18.18% | ||||
| 17.0% | 1.75% | 13.25% | 14.09% | 18.65% | ||||
| 17.5% | 2.00% | 13.50% | 14.37% | 19.13% | ||||
| 18.0% | 2.25% | 13.75% | 14.65% | 19.62% | ||||
| Our Asset Rental Portfolio is currently performing between 14.5-17.5% based on market conditions. | ||||||||
Conditions
Click here to contact us for more information about our investment solutions.
SA Primary Medical Financial Co-operative Limited Registration No. 2015/014609/24 | Registered Credit Provider NCRCP 8712 | Financial Intelligence Centre ID 38406
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