SA Post Office Bank

Bakgotsi Fees and Interest

Terms Save Plus Fees and Interest

Fees with effect from 1 April 2021:

Minimum opening deposit

R1 000.00

Deposits (cash)




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 6 monthly, or at maturity of the investment.

Interest with effect from19 November 2021:

Term Save Plus

(Interest paid 6 monthly)

Amounts up to R10 000


Amounts above R10 000


Term Save Plus

(Interest paid on maturity - 24 months)

Amounts up to R10 000


Amounts above R10 000



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 Plus investments if redeemed before maturity.