SA Post Office Bank

Bakgotsi Fees and Interest

Terms Save Fees and Interest

Fees with effect from 1 April 2021:

Minimum opening deposit

R1 000.00

Deposits (cash)

Free

Redemptions

Free

Replacement of lost Term Deposit Confirmation Advice

R 40.00

The current interest rate on Term Save is tiered based on period of investment. Interest is calculated and credited to the customer’s card or book account monthly, or at maturity of the investment.

Interest with effect from 19 November 2021:

Term of Term Deposit

Interest Rate (% pa)

1 - 2 Months (up to R10 000)

1.35%

1 - 2 Months ( above R10 000)

2.25%

3 Months (up to R10 000)

1.70%

3 Months (above R10 000)

2.60%

4 Months (up to R10 000)

1.80%

4 Months (above R10 000)

2.70%

5 Months (up to R10 000)

2.15%

5 Months (above R10 000)

2.80%

6 Months (up to R10 000)

2.50%

6 Months (above R10 000)

2.90%

7 - 12 Months (up to R10 000)

2.85%

7 - 12 Months (above R10 000)

3.00%

How is interest calculated?

Interest is fixed for the duration of the investment term. Penalty interest of 1.00% will be charged and deducted for Term Save investments if redeemed before maturity.