SA Post Office Bank

Saving Accounts

Smart Save Minor

Smart Save Minor 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 Minor:

greenarrow Record all your transactions with a Savings book

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

greenarrow No monthly management of service fees

greenarrow Open to all minors under 16 years of age

greenarrow Keep your money safe

greenarrow Withdraw from any Post Office branch nationally

greenarrow Save what you want when you want

 

Make it work for you

The Smart Save Minor account works best if you have some money you want to put away safely but know the child will need access to it in the near future. 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 Minor Fees and Interest