Bonus Save Fees and Interest
Fees with effect from 02 April 2024:
Account opening fee |
Free |
Minimum opening deposit |
R 50.00 |
Minimum monthly instalment |
R 50.00 |
Deposits |
Free |
Stop order from card account |
Free |
Maturity Pay-out |
Free |
Replacement: Term Deposit Confirmation Advice |
R 42.00 |
Monthly service/ledger fee |
Free |
Interest with effect from 26 May 2023: |
|
Term Deposit period |
Interest Rate (% pa) |
12 months |
4.80% |
13 - 24 months |
4.95% |
25 - 36 months |
5.30% |
37 - 60 months |
6.00% |
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 5.45% interest (4.95% interest plus 0.50% bonus interest).
