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    know what you get, know what you pay

    We do everything we can to keep our bank costs as low as possible. Together with our highly competitive interest rates, saving is easy. The rates and fees below are effective as of 27 August 2018.

    rates and fees

    Rates and fees

    One monthly administration fee
    5.80

    Transaction/Savings account

    Amount (R)

    R0

    – R9 999

    R10 000

    – R24 999

    R25 000

    – R99 999

    R100 000+

    Nominal Effective Nominal Effective Nominal Effective Nominal Effective

    Interest rate (%)

    5.10
    N/A
    5.10
    N/A
    5.40
    N/A
    5.65
    N/A

    All interest rates quoted are nominal annual compounded monthly (NACM) rates.

    Flexible savings account

    Amount (R)

    R0

    – R9 999

    R10 000

    – R24 999

    R25 000

    – R99 999

    R100 000+

    Nominal Effective Nominal Effective Nominal Effective Nominal Effective

    Interest rate (%)

    5.10
    N/A
    5.10
    N/A
    5.40
    N/A
    5.65
    N/A

    All interest rates quoted are nominal annual compounded monthly (NACM) rates.

    Fixed-term savings account (single deposit option)

    Term (Months)

    R10 000

    – R24 999

    R25 000

    – R99 999

    R100 000+
    Nominal Effective Nominal Effective Nominal Effective
    6
    6.90% 7.12% 6.95% 7.18% 7.15% 7.39%
    7 – 12
    7.20% 7.44% 7.60% 7.87% 7.65% 7.92%
    13 – 18
    7.40% 7.66% 7.85% 8.14% 8.00% 8.30%
    19 –  24
    7.90% 8.19% 8.20% 8.52% 8.50% 8.84%
    25 –  36
    8.00% 8.30% 8.40% 8.73% 8.80% 9.16%
    37 –  48
    8.05% 8.35% 8.60% 8.95% 9.10% 9.49%
    49 – 60
    8.50% 8.84% 8.65% 9.00% 9.40% 9.82%

    The nominal rate is when the interest from your fixed deposit account is paid out every month, and not reinvested. The effective rate is higher because you earn interest on the interest that is reinvested in your fixed deposit account.

    Fixed-term savings account (multiple deposits option)

    Term (Months)

    R0

    – R9 999

    R10 000

    – R24 999

    R25 000

    – R99 999

    R100 000+

    Nominal Effective Nominal Effective Nominal Effective Nominal Effective
    6
    5.10% 5.22% 5.75% 5.90% 5.85% 6.01% 6.20% 6.38%
    7 – 12
    5.10% 5.22% 6.25% 6.43% 6.50% 6.70% 6.60% 6.80%

    13 – 18

    5.10% 5.22% 6.50% 6.70% 6.75% 6.96% 6.95% 7.18%

    19 – 24

    5.10% 5.22% 7.10% 7.34% 7.25% 7.50% 7.35% 7.60%

    The nominal rate is when the interest from your fixed deposit account is paid out every month, and not reinvested. The effective rate is higher because you earn interest on the interest that is reinvested in your fixed deposit account.

    Tax-free savings account

    Term (Months)

    R0

    – R9 999

    R10 000

    – R24 999

    R25 000

    – R100 000

    R100 000+
    Nominal Effective Nominal Effective Nominal Effective Nominal Effective
    12
    5.10% 5.22% 6.25% 6.43% 6.50% 6.70% 6.60% 6.80%
    13 – 18
    5.10% 5.22% 6.50% 6.70% 6.75% 6.96% 6.95% 7.18%
    19 – 24
    5.10% 5.22% 7.10% 7.34% 7.25% 7.50% 7.35% 7.60%

    The nominal rate is when the interest from your fixed deposit account is paid out every month, and not reinvested. The effective rate is higher because you earn interest on the interest that is reinvested in your fixed deposit account.

    Transaction/savings account