Savings Account
Last updated: May 28, 2025
Interest Rate
Earn 6.75% interest on a balance of R100,000.
Access to funds
immediate access to your money.
Opening Deposit
You can also add a top-up amount of R2, R5, R10, R20 or R50. This amount is combined with your saved cents and deposited into your account every Sunday.
Monthly Fees
No monthly admin fee.
Tax Implications
Interest earned from your FNB Savings Account is subject to tax unless it falls below the annual tax-free threshold as per SARS. As of 2025, this threshold is R23,800 for individuals below age 65 and R34,500 for those 65 and older. Ensure you track your interest income to avoid unexpected tax obligations.

