Read about the ContractSave Savings account
If you’ve ever struggled to stick to a savings plan, the Standard Bank ContractSave Account might be the structure you need. It’s a disciplined way to save monthly, with a powerful bonus interest incentive to reward your commitment.
From just R100 a month, this account gives you the ability to earn up to 5.8% if you consistently save over a few years—thanks
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Interest Rate
Maximum Interest Rate: 3.80% + up to 2.00% bonus.
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Access to funds
At maturity (with one 10% annual withdrawal allowed)
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Opening Deposit
Minimum Opening Deposit: R100
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Monthly Fees
Monthly Admin Fee: R0.00
Tax Implications
• The interest you earn on this account is subject to income tax.
• South Africans under 65 can earn up to R23,800 in interest per year tax-free.
• Those 65 and older can earn up to R34,500 tax-free.
• If your total interest earnings from all accounts exceed this threshold, it must
Read More
Read about the ContractSave Savings account
If you’ve ever struggled to stick to a savings plan, the Standard Bank ContractSave Account might be the structure you need. It’s a disciplined way to save monthly, with a powerful bonus interest incentive to reward your commitment.
From just R100 a month, this account gives you the ability to earn up to 5.8% if you consistently save over a few years—thanks
Read More
What you need to apply
- In-branch only
- Your South African ID
- Proof of residence
(not older than three months)
- Valid Passport
- Proof of residence
(not older than three months)
- Work/Resident permit
You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.
