Short answer: yes. If you've got cash sitting in your account that isn't invested yet, it can earn interest — here's exactly how that works, what qualifies, and when you'll actually see it land.
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The Basics
Yes - but only on ZAR and TFSA accounts, and only on cash that's actually settled. This works the same way regardless of whether your account is held by an individual, a minor, or a company: it's the account type and currency that determine eligibility, not who holds it.
Related: How and when do I actually receive the interest? · What counts as cash that can earn interest? · EasyEquities Cost Profile
Your qualifying cash accrues interest daily at the applicable rate per annum, and that accrued amount is credited to your account on the first business day of the following month - that's also when a cash management fee (as set out in our Cost Profile) gets deducted. Until it's credited, accrued interest shows in your balance but isn't yet available to withdraw or trade with.
Related: Does EasyEquities pay interest on my uninvested cash? · What counts as cash that can earn interest?
How It's Calculated
We work it out as your available balance minus any cash still tied up in unsettled sells - so only genuinely settled, sitting-there cash qualifies. If that calculation ever comes out negative (more unsettled cash than available balance), we don't charge you interest, but we also don't pay you any for that period.
Related: Why didn't I earn interest on money I just deposited or that's about to settle? · How and when do I actually receive the interest?
If you've recently sold an investment (including disinvesting from a Bundle), that cash sits as "unsettled" for 5 business days under our standard settlement terms - and unsettled cash doesn't earn interest, even though it appears in your available balance. You can still use it to invest in something else before it settles, you just won't earn interest on it while it's in that in-between state.
Related: What counts as cash that can earn interest? · Why don't I see interest on my account at all?
If Something Doesn't Look Right
If your account has gone dormant through inactivity, it won't earn interest during that time, and may attract an inactivity fee instead - this is the one case where an otherwise-qualifying account genuinely stops earning. Outside of that, every ZAR and TFSA account earns interest the same way, so if your account is active and you're still not seeing anything credited, chat to our team and we'll get this looked into.
This article covers interest on uninvested cash specifically. For the full breakdown of rates, fees, and how they're calculated, see the EasyEquities Cost Profile.