Term Save gives you the kind of benefits you would get from a long-term investment. However, you get added flexibility as you get to choose how long you want to invest your money which could be anything from 1 to 12 months. It’s up to you.
The minimum Term Save amount is R 1,000 and the longer you invest, higher your interest. You will need a Postbank Smart Save or card account as your money and interest will be paid into the chosen account.
Interest is calculated on a simple interest rate basis. The interest is calculated for the duration of the Term Save on the capital amount. The interest rate remains fixed for the period of the investment and will be adjusted to the going rate upon renewal.