Kid’s Menu
Invest in Their Future,
One Rand at a Time
A savings plan today, secures your child’s future
Hi, I’m Flora
Big Reasons to Start Saving for Your Children
Education is Expensive
University fees, school supplies, and tuition add up fast – early savings ease the burden.
Give Them a Financial Head Start
A savings buffer can help them launch into adulthood with confidence – no debt, no stress.
Teach Smart Money Habits Early
Involving kids in saving teaches responsibility, goal setting, the miracle of compound interest and delayed gratification.
You Can’t Predict the Future
Emergencies happen. Having savings gives you – and them – security no matter what comes.
Related Content.
You Can’t Predict the Future
Emergencies happen. Having savings gives you – and them – security no matter what comes. Read More >
Tax-Free Savings Accounts Explained
Maximize government incentives to grow your child’s savings. Read More >
How Much Will Education Really Cost?
See projected school and university fees in South Africa. Read More >
Teaching Kids About Money: Age-by-Age Tips
Use daily moments to teach kids about money. Read More >
and I am Sammy
Core Education Series – Helping Families Save.
Financial awareness for families
Saving For Your Child’s Future.
There’s no one-size-fits-all solution but there are powerful tools tailored to different goals, budgets, and timelines.
Below is a quick comparison of the best savings options available to you and your family:
Savings Option
Best For
Typical Returns
Key Features
Tax-Free Savings Account
Long-term education or life goals
Medium to long term goals (3 years or more)
6–10% (market linked)
Tax free contributions to R36 000 per year, and R500 000 in your lifetime. No tax on interest on growth. No tax paid on withdrawals. You can access your money at any time, but it’s important to keep in mind that if you do take a withdrawal, you can’t “add those funds back”.
Fixed Deposit Account
Short to medium term goals (6 months to 2 years)
4–7% (fixed) Guaranteed return.
Restricted access to funds for the term.
Unit Trust Investments
Long-term wealth building
Long term goals (5 years or more)
8–12% (variable) Market-linked.
Flexible contributions.
Potential for higher growth.
Education Endowment Plan
Structured saving for education expenses
Long term goals (5 years or more)
6–9% (after fees)
Life/disability cover options.
Requires long-term commitment.
Savings Account for Kids
Teaching saving habits|
Everyday savings
2–5%
Easy to open.
Encourages financial literacy from a young age.
You will find many, if not all, of these products through your bank or with most financial services providers.
EBnet encourages you to chat to an accredited financial advisor who will help you make the best choice for you and your family to reach your savings goals.
Saving For Your Child’s Future.
There’s no one-size-fits-all solution but there are powerful tools tailored to different goals, budgets, and timelines.
Below is a quick comparison of the best savings options available to you and your family:
Savings Option 1:
Tax-Free Savings Account
Best For:
Long-term education or life goals
Medium to long term goals (3 years or more)
Typical Returns:
6–10% (market linked)
Key Features:
Tax free contributions to R36 000 per year, and R500 000 in your lifetime. No tax on interest on growth. No tax paid on withdrawals. You can access your money at any time, but it’s important to keep in mind that if you do take a withdrawal, you can’t “add those funds back”.
Savings Option 2:
Fixed Deposit Account
Best For:
Short to medium term goals (6 months to 2 years)
Typical Returns:
4–7% (fixed) Guaranteed return.
Key Features:
Restricted access to funds for the term.
Savings Option 3:
Unit Trust Investments
Best For:
Long-term wealth building
Long term goals (5 years or more)
Typical Returns:
8–12% (variable) Market-linked.
Key Features:
Flexible contributions.
Potential for higher growth.
Savings Option 4:
Education Endowment Plan
Best For:
Structured saving for education expenses
Long term goals (5 years or more)
Typical Returns:
6–9% (after fees)
Key Features:
Life/disability cover options.
Requires long-term commitment.
Savings Option 5:
Savings Account for Kids
Best For:
Teaching saving habits|
Everyday savings
Typical Returns:
2–5%
Key Features:
Easy to open.
Encourages financial literacy from a young age.
You will find many, if not all, of these products through your bank or with most financial services providers.
EBnet encourages you to chat to an accredited financial advisor who will help you make the best choice for you and your family to reach your savings goals.
Savings Options.
Whilst the majority of banks offer most of the products in the summary table under Saving For Your Child’s Future, if they don’t have a specific education savings or investment product, we have included the details of their tax-free savings account in the options that follow. 
Allan Gray – Education Unit Trust
Provider: Allan Gray
Name of plan: Education Unit Trust
Investment or insurance: Investment
Underlying product: Unit Trust Investment
Minimum investment amount per month: You can start with either: A combination of a minimum monthly debit order of R1 000 and a minimum initial lump sum investment of R2 500, or a minimum lump sum of R50 000.
Investment choices: You can choose from a range of investment options.
Costs/fees: The fees depend on the unit trusts you select.
Tax implications of investments/premiums & payouts: Unit trusts are subject to income tax on distributions, capital gains tax and estate duty once above certain limits.
Features: Flexible fund choices, no fixed terms, long-term growth
Website: Click Here
Capitec – Tax-Free Savings Account for Minors
Provider: Capitec
Name of plan: Tax-Free Savings Account for Minors
Investment or insurance: Investment
Underlying product: Tax-free savings account
Minimum investment amount per month: No minimums indicated
Investment choices: Limited choice
Costs/fees: No monthly fees. But you select the term you’d like, if you access your savings early, you will pay a R300 fee.
Tax implications of investments/premiums & payouts: Interest/growth and withdrawals are not taxed.
Features: Opened by parent/guardian, annual & lifetime TFSA limits apply
Website: Click Here
Capital Legacy - Educare
Provider: Capital Legacy
Name of plan: Educare
Investment or insurance: Insurance
Underlying product: Insurance
Minimum investment amount per month: Depending on product chosen
Investment choices: Not applicable
Tax implications of investments/premiums & payouts: Pay outs are tax free
Features: Converts to your normal life cover once your kids have grown up. Includes an estate duty benefit plus an achiever’s benefit
Website: Click here
Discovery - Global Education Protector
Provider: Discovery
Name of plan: Global Education Protector
Investment or insurance: Insurance
Underlying product: Insurance
Minimum investment amount per month: Premiums would depend on your personal underwriting rates
Investment choices: Not applicable
Tax implications of investments/premiums & payouts: Pay outs are tax free
Features: Covers your child’s education if you die, become ill or disabled by helping to pay for children’s education from crèche to university, locally or abroad. The percentage of cover is based on your children’s age when you take out the policy and the benefit option you choose
Website: Click here
EasyEquities - EasyEquities Account for Minors
Provider: EasyEquities
Name of plan: EasyEquities Account for Minors
Investment or insurance: Investment
Underlying product: Per the main account holder’s product suite – ZAR trading account or tax-free savings account
Minimum investment amount per month: None
Investment choices: You can choose from a range of equities and ETFs
Tax implications of investments/premiums & payouts: Minors not able to withdraw money, therefore tax not applicable
Features: Teach your kids how investments work, give them a sense of ownership over their future and help them build future financial security.
Website: Click here
FNB - Tax-Free Savings Account
Provider: FNB
Name of plan: Tax-Free Savings Account
Investment or insurance: Investment
Underlying product: Tax-free savings account
Minimum investment amount per month: Minimum opening deposit of R300, and some of their options require a R300 per month minimum contribution
Investment choices: You can choose from a range of investment options
Tax implications of investments/premiums & payouts: Interest/growth and withdrawals are not taxed
Features: Some options provide a capital guarantee, link to your bank account for access in-app or online or on your phone
Website: Click here
Liberty - Education Builder
Provider: Liberty Investment
Name of plan: Education Builder
Investment or insurance: Investment
Underlying product: Endowment
Minimum investment amount per month: R500 per month
Investment choices: You can choose from a range of investment options
Tax implications of investments/premiums & payouts: Payment on maturity is not taxed
Features: You can add the EduCator benefit: an added insurance solution that ensures your children’s access to education is protected even if you become disabled, critically ill, or pass away
Website: Click here
Momentum - Investo Education Plan
Provider: Momentum
Name of plan: Investo Education Plan
Investment or insurance: Investment
Underlying product: Endowment
Minimum investment amount per month: R500 per month
Investment choices: You can choose from a range of investment options
Tax implications of investments/premiums & payouts: Payment on maturity is not taxed
Features: Loyalty bonus, Momentum will contribute to your endowment if you contribute over a certain amount. You can include life cover in your endowment. And you can take a payment breather if you need to
Website: Click here
Nedbank - Tax-Free Investments
Provider: Nedbank
Name of plan: Tax-Free Investments
Investment or insurance: Investment
Underlying product: Tax-free savings account
Minimum investment amount per month: Minimum contribution of R250 per month
Investment choices: You can choose from a range of investment options
Tax implications of investments/premiums & payouts: Interest/growth and withdrawals are not taxed.
Features: Opening and managing an account on the Money app, and if you need help, Nedbank’s chatbot, Enbi, is available 24/7
Website: Click here
Old Mutual - Tax-Free Savings Account
Provider: Old Mutual
Name of plan: Tax-Free Savings Account
Investment or insurance: Investment
Underlying product: Tax-free savings account
Minimum investment amount per month: From R350 per month
Investment choices: You can choose from a range of investment options
Tax implications of investments/premiums & payouts: Interest/growth and withdrawals are not taxed
Features: Access your money any time when you need it
Website: Click here
PPS - Education Cover
Provider: PPS
Name of plan: Education Cover
Investment or insurance: Insurance
Underlying product: Insurance
Minimum investment amount per month: Insurance Premiums would depend on your personal underwriting rates
Investment choices: Not applicable
Tax implications of investments/premiums & payouts: Pay outs are tax free
Features: Covers education if parent dies, becomes disabled, or is diagnosed with a severe illness. Optional profit-sharing is a feature
Website: Click here
Sanlam - Tax-free Savings Account
Provider: Sanlam
Name of plan: Tax-free Savings Account
Investment or insurance: Investment
Underlying product: Tax-free savings account
Minimum investment amount per month: R250 per month
Investment choices: Limited choice
Tax implications of investments/premiums & payouts: Interest/growth and withdrawals are not taxed.
Features: Sanlam goal manager helps you set your specific path to meet your education savings goals
Website: Click here
Standard Bank – Tax-Free Call Investment Account
Provider: Standard Bank
Name of plan: Tax-Free Call Investment Account
Investment or insurance: Investment
Underlying product: Tax-free savings account
Minimum investment amount per month: Opening deposit of R250, thereafter any ad hoc deposits
Investment choices: You can choose from a range of investment options.
Costs/fees: No monthly fees. Cash deposit & withdrawal fees may apply.
Tax implications of investments/premiums & payouts: Interest/growth and withdrawals are not taxed.
Features: Link your bank card for access in-app, online, at ATMs or on your phone
Website: Click here
While our best efforts have been made to make sure the information in the options above is accurate, you are encouraged to engage the service provider directly for the full terms and conditions of each product.
When looking at provider and product fees, be sure to take into account:
– Ongoing administration and investment fees,
– Management fees,
– Any early termination charges (not always applicable),
– Guarantee charges (if you choose a product with an optional guarantee),
– Financial advisor fees.
Ruff ….. from Penny
Savings Options.
Whilst the majority of banks offer most of the products in the summary table under Saving For Your Child’s Future, if they don’t have a specific education savings or investment product, we have included the details of their tax-free savings account in the options that follow.
Allan Gray – Education Unit Trust
| Provider |
Allan Gray |
| Name of plan | Education Unit Trust |
| Investment or insurance | Investment |
| Underlying product | Unit Trust Investment |
| Minimum investment amount per month | You can start with either: A combination of a minimum monthly debit order of R1 000 and a minimum initial lump sum investment of R2 500, or a minimum lump sum of R50 000 |
| Investment choices | You can choose from a range of investment options |
| Tax implications of investments/premiums & payouts | Unit trusts are subject to income tax on distributions, capital gains tax and estate duty once above certain limits |
| Features | Flexible fund choices, no fixed terms, long-term growth |
| Website | Click here |
Capitec – Tax-Free Savings Account for Minors
| Provider |
Capitec |
| Name of plan | Tax-Free Savings Account for Minors |
| Investment or insurance | Investment |
| Underlying product | Tax-free savings account |
| Minimum investment amount per month | No minimums indicated |
| Investment choices | Limited choice |
| Tax implications of investments/premiums & payouts | Interest/growth and withdrawals are not taxed |
| Features | Opened by parent/guardian, annual & lifetime TFSA limits apply |
| Website | Click here |
Capital Legacy - Educare
| Provider |
Capital Legacy |
| Name of plan | Educare |
| Investment or insurance | Insurance |
| Underlying product | Insurance |
| Minimum investment amount per month | Depending on product chosen |
| Investment choices | Not applicable |
| Tax implications of investments/premiums & payouts | Pay outs are tax free |
| Features | Converts to your normal life cover once your kids have grown up. Includes an estate duty benefit plus an achiever’s benefit |
| Website | Click here |
Discovery - Global Education Protector
| Provider |
Discovery |
| Name of plan | Global Education Protector |
| Investment or insurance | Insurance |
| Underlying product | Insurance |
| Minimum investment amount per month | Premiums would depend on your personal underwriting rates |
| Investment choices | Not applicable |
| Tax implications of investments/premiums & payouts | Pay outs are tax free |
| Features | Covers your child’s education if you die, become ill or disabled by helping to pay for children’s education from crèche to university, locally or abroad. The percentage of cover is based on your children’s age when you take out the policy and the benefit option you choose |
| Website | Click here |
EasyEquities - EasyEquities Account for Minors
| Provider |
EasyEquities |
| Name of plan | EasyEquities Account for Minors |
| Investment or insurance | Investment |
| Underlying product | Per the main account holder’s product suite – ZAR trading account or tax-free savings account |
| Minimum investment amount per month | None |
| Investment choices | You can choose from a range of equities and ETFs |
| Tax implications of investments/premiums & payouts | Minors not able to withdraw money, therefore tax not applicable |
| Features | Teach your kids how investments work, give them a sense of ownership over their future and help them build future financial security. |
| Website | Click here |
FNB - Tax-Free Savings Account
| Provider |
FNB |
| Name of plan | Tax-Free Savings Account |
| Investment or insurance | Investment |
| Underlying product | Tax-free savings account |
| Minimum investment amount per month | Minimum opening deposit of R300, and some of their options require a R300 per month minimum contribution |
| Investment choices | You can choose from a range of investment options |
| Tax implications of investments/premiums & payouts | Interest/growth and withdrawals are not taxed |
| Features | Some options provide a capital guarantee, link to your bank account for access in-app or online or on your phone |
| Website | Click here |
Liberty - Education Builder
| Provider |
Liberty Investment |
| Name of plan | Education Builder |
| Investment or insurance | Investment |
| Underlying product | Endowment |
| Minimum investment amount per month | R500 per month |
| Investment choices | You can choose from a range of investment options |
| Tax implications of investments/premiums & payouts | Payment on maturity is not taxed |
| Features | You can add the EduCator benefit: an added insurance solution that ensures your children’s access to education is protected even if you become disabled, critically ill, or pass away |
| Website | Click here |
Momentum - Investo Education Plan
| Provider |
Momentum |
| Name of plan | Investo Education Plan |
| Investment or insurance | Investment |
| Underlying product | Endowment |
| Minimum investment amount per month | R500 per month |
| Investment choices | You can choose from a range of investment options |
| Tax implications of investments/premiums & payouts | Payment on maturity is not taxed |
| Features | Loyalty bonus, Momentum will contribute to your endowment if you contribute over a certain amount. You can include life cover in your endowment. And you can take a payment breather if you need to |
| Website | Click here |
Nedbank - Tax-Free Investments
| Provider |
Nedbank |
| Name of plan | Tax-Free Investments |
| Investment or insurance | Investment |
| Underlying product | Tax-free savings account |
| Minimum investment amount per month | Minimum contribution of R250 per month |
| Investment choices | You can choose from a range of investment options |
| Tax implications of investments/premiums & payouts | Interest/growth and withdrawals are not taxed. |
| Features | Opening and managing an account on the Money app, and if you need help, Nedbank’s chatbot, Enbi, is available 24/7 |
| Website | Click here |
Old Mutual - Tax-Free Savings Account
| Provider |
Old Mutual |
| Name of plan | Tax-Free Savings Account |
| Investment or insurance | Investment |
| Underlying product | Tax-free savings account |
| Minimum investment amount per month | From R350 per month |
| Investment choices | You can choose from a range of investment options |
| Tax implications of investments/premiums & payouts | Interest/growth and withdrawals are not taxed |
| Features | Access your money any time when you need it |
| Website | Click here |
PPS - Education Cover
| Provider |
PPS |
| Name of plan | Education Cover |
| Investment or insurance | Insurance |
| Underlying product | Insurance |
| Minimum investment amount per month | Insurance Premiums would depend on your personal underwriting rates |
| Investment choices | Not applicable |
| Tax implications of investments/premiums & payouts | Pay outs are tax free |
| Features | Covers education if parent dies, becomes disabled, or is diagnosed with a severe illness. Optional profit-sharing is a feature |
| Website | Click here |
Sanlam - Tax-free Savings Account
| Provider |
Sanlam |
| Name of plan | Tax-free Savings Account |
| Investment or insurance | Investment |
| Underlying product | Tax-free savings account |
| Minimum investment amount per month | R250 per month |
| Investment choices | Limited choice |
| Tax implications of investments/premiums & payouts | Interest/growth and withdrawals are not taxed. |
| Features | Sanlam goal manager helps you set your specific path to meet your education savings goals |
| Website | Click here |
Standard Bank – Tax-Free Call Investment Account
| Provider |
Standard Bank |
| Name of plan | Tax-Free Call Investment Account |
| Investment or insurance | Investment |
| Underlying product | Tax-free savings account |
| Minimum investment amount per month | Opening deposit of R250, thereafter any ad hoc deposits |
| Investment choices | You can choose from a range of investment options |
| Tax implications of investments/premiums & payouts | Interest/growth and withdrawals are not taxed |
| Features | Link your bank card for access in-app, online, at ATMs or on your phone |
| Website | Click here |
While our best efforts have been made to make sure the information in the options above is accurate, you are encouraged to engage the service provider directly for the full terms and conditions of each product.
When looking at provider and product fees, be sure to take into account:
– Ongoing administration and investment fees,
– Management fees,
– Any early termination charges (not always applicable),
– Guarantee charges (if you choose a product with an optional guarantee),
– Financial advisor fees.
Ruff ….. from Penny
Money Matters Videos.
Age 4 - 10
Age 11 - 18
Mom & Dad
Education
is the most powerful weapon
we can use to change the world
NELSON MANDELA
Money Matters Videos.
Age 4 - 10
Age 11 - 18
Mom & Dad
Education
is the most powerful weapon
we can use to change the world
NELSON MANDELA
