SA Post Office Bank

Saving Accounts

Smart Save Minors

Smart Save for minors is a Savings account designed for scholars and children under 16 years. This is an ideal, safe and easy way to start saving for your child’s future.

Benefits of Smart Save for Minors:

greenarrow Record all your transactions with a Savings book

greenarrow A minimum of R10 is required to open the Smart Save for Minors account

greenarrow Open to all minors under 16 years of age

greenarrow Keep your money safe

greenarrow Withdraw from any Post Office retail branch nationally

greenarrow Save what you want when you want

greenarrow Normal cheque deposits are free

Make it work for you

The Smart Save for Minors account works best if you have some money you want to put away safely but know you will need access to it in the near future. Cheque deposits are free into this account, however, you need to avoid special clearances as this can be a more expensive process. Be Smart and Save

How to Apply

You can apply at your nearest Post Office. All you need is your Birth Certificate, Parent/Guardian's ID and if you are a minor one of your Parents/Guardian must accompany you. Parents/Guardian may also need to provide proof of residential address in order to comply with the Financial Intelligence Centre Act (Fica).

greenarrow Smart Save for Minors Fees and Interest