Open 4 free savings plans on our app and even invest in shares. You can name your plans to match your goals and fix them on the app to earn higher interest.
We’ve made saving easy with our highly competitive interest rates, and quick access to your savings plans on our app.
| Account types | Access anytime | Notice deposit | Fixed-term | Tax-free |
|---|---|---|---|---|
| Access | Immediate | 7 or 32 days' notice | On maturity date | On maturity date |
| Interest rate | 2.25% - 6.50% | 3.25% - 7.75% | 2.25% - 8.85% | 2.25% - 7.60% |
| Interest type | Variable* | Variable* | Fixed | Fixed |
| Purpose | Everyday savings | Short to medium-term | Medium to long-term | Medium to long-term |
| Early access fee** | No | Yes | Yes | Yes |
| Access | |
|---|---|
| Access anytime | Immediate |
| Notice deposit | 7 or 32 days' notice |
| Fixed-term | On maturity date |
| Tax-free | On maturity date |
| Interest rate | |
| Access anytime | 2.25% - 6.50% |
| Notice deposit | 3.25% - 7.75% |
| Fixed-term | 2.25% - 8.85% |
| Tax-free | 2.25% - 7.60% |
| Interest type | |
| Access anytime | Variable* |
| Notice deposit | Variable* |
| Fixed-term | Fixed |
| Tax-free | Fixed |
| Purpose | |
| Access anytime | Everyday savings |
| Notice deposit | Short to medium-term |
| Fixed-term | Medium to long-term |
| Tax-free | Medium to long-term |
| Early access fee** | |
| Access anytime | No |
| Notice deposit | Yes |
| Fixed-term | Yes |
| Tax-free | Yes |
No monthly fees - all accounts are free.
*Variable interest rates may change over time.
*All interest rates shown are nominal.
A Deposit Insurance Scheme (DIS) is a financial safety net established by governments to protect your money if a bank fails or is closed. In South Africa, the Corporation for Deposit Insurance (CODI) oversees this scheme.
What does this mean for you?
As a personal banking client, the Deposit Insurance Scheme means that money you’ve deposited with a bank is protected up to a certain limit. This limit is currently set at R100 000 per client per bank. In practical terms, the DIS offers you peace of mind knowing that even if the bank encounters financial difficulties, your savings are protected up to the insured limit.
