SA Post Office Bank

Bonus Save Fees and Interest

Bonus Save Fees and Interest

Fees with effect from 1 April 2021:

Account opening fee

Free

Minimum opening deposit

R 30.00

Minimum monthly instalment

R 30.00

Deposits

Free

Stop order from card account

Free

Maturity Pay-out

Free

Replacement: Term Deposit Confirmation Advice

R 40.00

Monthly service/ledger fee

Free

Interest with effect from 19 November 2021:

 

Term Deposit period

Interest Rate (% pa)

12 months

0.30%

13 - 24 months

0.45%

25 - 48 months

0.80%

49 - 60 months

1.50%

Bonus (if all conditions are met)

0.50%

How is interest calculated?

If for example you decided to save R500 a month for 24 months, you would have a final balance of R12 000 in the account. Having paid regularly into the account and seen the full term through, you would qualify for 0.95% interest (0.45% interest plus 0.50% bonus interest).