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PureSave is a single purpose saving account that pays excellent interest on the smallest balance. It is ideal for start-up or irregular savers who want a separate savings pocket to partner their Standard Bank current account or E Plan account.
Funds are available on demand and you can deposit any amount at any time. Interest is paid on a tiered basis meaning that the interest rate steps up as the account balance increases so the more you save the more you earn.
For more information on interest rates click here.
For PureSave Competition Terms and Conditions click here.
To open a PureSave account, you will need:
- Your SA identity book and proof of your residential address
- A valid passport and valid residence permit or student visa if you are a foreign national
- A minimum account opening deposit of R50
Note: PureSave is not available to businesses.
Minors younger than 16 must be assisted by a parent or guardian when applying.
No credit reference checks are performed when opening a PureSave account. Proof of employment and salary confirmation are also not required. However,
- New Standard Bank customers need to declare the source of their funds, and
- All applicants have to consent to identity and fraud prevention checks and the sharing of information relating to their application through the South African Fraud Prevention Service.
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