Bank Better, Live Better

save for your future

With Global One, you get 4 extra savings plans and could earn up to 8.50% interest (nominal). Simply choose a savings plan and your deposit option and start investing.

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Your main savings account (R25 minimum balance; R5.80 monthly admin fee) gives you affordable banking and access to flexible, fixed or tax-free savings plans.


The benefits of a flexible savings plan 

Earn from 2.50% interest per year on daily balances. 

  • Choose your deposit amount and the frequency of your deposits 
  • Name your savings plan 
  • Access your plan any time with Remote Banking (cellphone app/Internet/*120*3279#) or our ATMs 
  • No monthly admin fee or minimum balance

You can open a flexible savings plan using our app. Simply open the app, tap on “Save”, enter your Remote PIN and tap “Add Flexible Savings”.


The benefits of a fixed-term savings plan

Single deposit option 

Invest for 6 – 60 months, with a minimum balance of R10 000. 

  • You choose how long you want to invest (from 6 – 60 months) 
  • You deposit a single amount (maximum R20 million) to invest over the term you choose 
  • Earn from 3.60% – 8.50% (nominal interest rate) 
  • Interest rate fixed for the full term 
  • Money available on the maturity date 
  • After maturity, the account will become a flexible savings plan, which you can refix for a further term 
  • No monthly admin fee 

When your deposit starts earning interest, you can reinvest the interest or transfer it to your main savings account.

Multiple deposit option

Invest for 6 – 24 months, with a R1 million maximum investment. 

  • You choose how long you want to invest for (from 6 – 24 months) 
  • You decide how much and how often you would like to deposit over the term you choose, up to a maximum of R1 million 
  • Earn from 2.50% – 5.50% interest (nominal interest rate) 
  • Interest rate fixed for the full term 
  • Money available on the maturity date 
  • After maturity, the account will become a flexible savings plan, which you can refix for a further term 
  • No monthly fee

When your deposits start earning interest, you can reinvest the interest or transfer it to your main savings account.


The benefits of a tax-free savings account

Enjoy tax-free interest over the long term. 

  • You can open one tax-free savings account at any of our branches 
  • Deposit any amount up to R36 000 per year (single or multiple deposits)

South African Revenue Service (SARS) rules

  • Contribution limits :
    • Your combined limit for the financial year (1 March – 28 February) across all tax-free savings accounts, including those at other financial services providers, is R36 000 
    • Lifetime limit is R500 000 
    • Contributions over these limits are taxed at 40% 
  • Interest earned will not be taxed 
  • Money withdrawn cannot be replaced 
  • Money may be transferred to and from a tax-free account at another financial services provider 
  • Other savings plans may not be converted to a tax-free savings account

 

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