Save

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 20 May 2022.

Rates and fees

One monthly administration fee

6.50

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 (%)	3.50%	N/A	3.50%	N/A	3.50%	N/A	3.75%	N/A

R0– R9 999
	Nominal	Effective
Interest rate (%)	3.50%	N/A
R10 000– R24 999
	Nominal	Effective
Interest rate (%)	3.50%	N/A
R25 000– R99 999
	Nominal	Effective
Interest rate (%)	3.50%	N/A
R100 000+
	Nominal	Effective
Interest rate (%)	3.75%	N/A

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

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 (%)	3.50%	N/A	3.50%	N/A	3.50%	N/A	3.75%	N/A

R0– R9 999
	Nominal	Effective
Interest rate (%)	3.50%	N/A
R10 000– R24 999
	Nominal	Effective
Interest rate (%)	3.50%	N/A
R25 000– R99 999
	Nominal	Effective
Interest rate (%)	3.50%	N/A
R100 000+
	Nominal	Effective
Interest rate (%)	3.75%	N/A

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

Term (Months)	R10 000 - R24 999		R25 000 - R99 999		R100 000+
	Nominal	Effective	Nominal	Effective	Nominal	Effective
6	4.50%	4.59%	4.70%	4.80%	5.30%	5.43%
7 -9	5.00%	5.12%	5.10%	5.22%	5.85%	6.01%
10 -12	5.50%	5.64%	6.20%	6.38%	6.50%	6.70%
13 - 18	6.05%	6.22%	6.50%	6.70%	6.75%	6.96%
19 - 24	6.15%	6.33%	6.60%	6.80%	7.25%	7.50%
25 - 36	6.75%	6.96%	6.90%	7.12%	7.50%	7.76%
37 - 48	7.10%	7.34%	7.65%	7.92%	8.00%	8.30%
49 - 60	8.00%	8.30%	8.70%	9.06%	9.00%	9.38%

R10 000 - R24 999
	Nominal	Effective
6	4.50%	4.59%
7 -9	5.00%	5.12%
10 -12	5.50%	5.64%
13 - 18	6.05%	6.22%
19 - 24	6.15%	6.33%
25 - 36	6.75%	6.96%
37 - 48	7.10%	7.34%
49 - 60	8.00%	8.30%
R25 000 - R99 999
	Nominal	Effective
6	4.70%	4.80%
7 -9	5.10%	5.22%
10 -12	6.20%	6.38%
13 - 18	6.50%	6.70%
19 - 24	6.60%	6.80%
25 - 36	6.90%	7.12%
37 - 48	7.65%	7.92%
49 - 60	8.70%	9.06%
R100 000+
	Nominal	Effective
6	5.30%	5.43%
7 -9	5.85%	6.01%
10 -12	6.50%	6.70%
13 - 18	6.75%	6.96%
19 - 24	7.25%	7.50%
25 - 36	7.50%	7.76%
37 - 48	8.00%	8.30%
49 - 60	9.00%	9.38%

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.

Term (Months)	R0 – R9 999		R10 000 – R24 999		R25 000 – R99 999		R100 000+
	Nominal	Effective	Nominal	Effective	Nominal	Effective	Nominal	Effective
6	3.50%	3.56%	3.50%	3.56%	3.70%	3.76%	4.30%	4.39%
7 – 9	3.50%	3.56%	4.00%	4.07%	4.10%	4.18%	4.85%	4.96%
10 - 12	3.50%	3.56%	4.50%	4.59%	5.20%	5.33%	5.50%	5.64%
13 – 18	3.50%	3.56%	5.05%	5.17%	5.50%	5.64%	5.75%	5.90%
19 – 24	3.50%	3.56%	5.35%	5.48%	5.75%	5.90%	6.50%	6.70%

R0– R9 999
	Nominal	Effective
6	3.50%	3.56%
7 – 9	3.50%	3.56%
10 - 12	3.50%	3.56%
13 – 18	3.50%	3.56%
19 – 24	3.50%	3.56%
R10 000– R24 999
	Nominal	Effective
6	3.50%	3.56%
7 – 9	4.00%	4.07%
10 - 12	4.50%	4.59%
13 – 18	5.05%	5.17%
19 – 24	5.35%	5.48%
R25 000– R99 999
	Nominal	Effective
6	3.70%	3.76%
7 – 9	4.10%	4.18%
10 - 12	5.20%	5.33%
13 – 18	5.50%	5.64%
19 – 24	5.75%	5.90%
R100 000+
	Nominal	Effective
6	4.30%	4.39%
7 – 9	4.85%	4.96%
10 - 12	5.50%	5.64%
13 – 18	5.75%	5.90%
19 – 24	6.50%	6.70%

Term (Months)	R0 – R9 999		R10 000 – R24 999		R25 000 – R99 999		R100 000+
	Nominal	Effective	Nominal	Effective	Nominal	Effective	Nominal	Effective
12	3.50%	3.56%	4.50%	4.59%	5.20%	5.33%	5.50%	5.64%
13 – 18	3.50%	3.56%	5.05%	5.17%	5.50%	5.64%	5.75%	5.90%
19 – 24	3.50%	3.56%	5.35%	5.48%	5.75%	5.90%	6.50%	6.70%

R0– R9 999
	Nominal	Effective
12	3.50%	3.56%
13 – 18	3.50%	3.56%
19 – 24	3.50%	3.56%
R10 000– R24 999
	Nominal	Effective
12	4.50%	4.59%
13 – 18	5.05%	5.17%
19 – 24	5.35%	5.48%
R25 000– R99 999
	Nominal	Effective
12	5.20%	5.33%
13 – 18	5.50%	5.64%
19 – 24	5.75%	5.90%
R100 000+
	Nominal	Effective
12	5.50%	5.64%
13 – 18	5.75%	5.90%
19 – 24	6.50%	6.70%

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do you have lazy money?

While most people work hard for their money, their money isn’t working for them. Right now, there’s R295 billion in lazy money in South Africa. Money that’s simply sitting in transactional accounts earning no interest. If that money earned just 4.75% interest, it would put over R14 billion extra into the pockets of South Africans each year.

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know what you get, know what you pay

Rates and fees

Transaction/Savings account

Flexible savings plan

Fixed-term savings plan (single deposit option)

Fixed-term savings plan (multiple deposits option)

Tax-free savings plan

do you have lazy money?