Short term investment 3-6months options

[SpenK]

Hey everyone

I'm currently looking for a short term investment, somewhere where i can park my money while I gain some form of credit rating before applying for a home loan.

I just received my Edgers clothing account card and in the process of signing a Vodacom contract so I'm right at the beginning of the process of achieving some form of respectable credit rating. I recently applied for a credit card at Standard bank with quite a far bit of change in my daily account but it was declined due to having 0 credit rating.

So my question is where can I park this money for 3-6 months ? while trying to match or even beat CPI (yes i know its not a true take on real inflation)

I have found two decent savings accounts in my search so far.
5.35%-5.45% - FNB 7 Day Notice Deposit
6% - Capitec 6 month fixed deposit

Both have their advantages and disadvantages, being fluidity and interest.

But always open to hear the thoughts and ideas from the members of this forum.

 

[bchip]

Those options dont seem bad.
Only advise I can give is for that time period choose Fixed Deposits/Bonds type of instruments.
(like the ones you suggested)
Also remember that moving money around has extra costs.
And definitely dont speculate with it (like quickly putting it into the stock market).