Savings Account - Standard Bank AccessSave Savings Account

Standard Bank AccessSave Savings Account

 
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Standard Bank AccessSave Savings Account

The Standard Bank AccessSave Savings Account offers a flexible savings option which rewards you with…

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Standard Bank AccessSave Savings Account

The Standard Bank AccessSave Savings Account offers a flexible savings option which rewards you with bonus interest when you reach your savings target. It requires a low minimum opening deposit and there are no monthly fees.

To open a Standard Bank AccessSave Savings Account, a low R50 minimum deposit is required. With the Account you can set a 3 month savings target at a Standard Bank Branch and earn bonus interest when you reach your end goal. The Standard Bank AccessSave Savings Account has  free “MyUpdates” to help you secure your account and which helps you stay in touch with what is happening on your accounts through SMS or Email alerts. With your savings account, you will also get free inter-account transfers if you link your AccessSave to a Standard Bank current account. You get the option to open various AccessSave accounts for different savings goals. Benefit from 7 days notice required for withdrawals and AccessSave interest rates.

In order to qualify for the Standard Bank AccessSave Savings Account, you need to submit an opening deposit of R50. You also need to be a South African Citizen or as a non-South African citizen, you have to have a valid passport, a work permit or study permit. Minors can open an account with a parent’s or guardian’s consent. You will need to present your ID Book, your proof of home address or a valid passport and work or study permit for non South African citizens.

 

Standard Bank contact details:

5 Simmonds Street
Johannesburg 2001

Tel: 0860 101 341
Email: [email protected]
Website: www.standardbank.co

Account Details

Monthly Fee (R) 0.00
Minimum Opening Balance 50.00
Minimum Age 16
Best Interest 3.00%

Interest Rates

R50 - R1,000 2.30%
R1,000 - R10,000 2.30%
R10,000 - R50,000 3.00%
R50,000 - R100,000 3.00%
R100,000 - 1,000,000 3.00%

Deposits

Cheque Deposit Branch R30,00
Cheque Deposit ATM R0.00
Cash Deposit Branch R30.00
Cash Deposit ATM R30.00

Cash Withdrawals

Branch counter R33.00 + 1.35%
Own Bank ATM R5.50
Other Bank ATM NA
Overseas ATM R40.00

Account Payments

ATM R0.00
Branch Counter NA

Debit Orders

Internal Debit Orders NA
External Debit Orders NA

Fund Transfer

ATM R0.00
Branch Counter R30.00

Balance Enquiries

ATM R0.00
At Other Bank ATM R5.00
Branch counter R30.00
Overseas ATM/POS R5.00

Statements

Branch R30.00
ATM 1 free, R12.00 thereafter

Administration Fees

Bank cheque/marked cheque NA
Stop payments NA
Stop order NA
Special clearance NA

Added Benefits

If you select a savings target and reach it within the agreed time period you will be paid a 1% Bonus interest.


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