Is there any interest paid on the balance in the SRS account, and if yes, what is the interest rate?
The interest rate on funds in SRS accounts are set by the market. Each SRS operator decides on the interest, if any that it pays on funds in the SRS account. You may wish to approach the SRS operators for further information as they would be better placed to advise you.
Related questions
Will I be charged for operating an SRS account?
Will there be any fees and charges involved in withdrawing an investment from my SRS account?
What is the criteria for Approved SRS Fund Managers and how does a fund manager register itself as an approved manager?
How much can I withdraw from the SRS account?
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