SaveUp account
Save smarter with a flexible savings account that offers even higher interest rates when you bank with us. Whatever your goals, this account will help you get there.
R
0
Opening deposit
Anytime
Access to Funds
*6.55%
*
Earn interest up to
Zero
Monthly admin fee
*
Rate applied for customers holding an active transactional account
Some of the benefits
Flexible period
Use this account as a short-, medium- or long-term savings account
Better interest rates
Earn even higher interest rates when you have a bank account with us
Guaranteed capital
This account is low-risk and guaranteed to grow your savings
No penalties
Withdraw your funds at any time without paying any penalties
SaveUp interest rates
See how much interest you can earn depending on your account balance.
SaveUp Savings Account
These rates apply to investment amounts of R1 000 to R99 999. Interest rates are available on application for amounts R100 000 and above.
Open now
These rates are effective from 29 May 2026
INTEREST RATES ARE QUOTED AS PER ANNUM RATES AND INTEREST IS PAID OUT.
How it works
- Start your savings journey with no minimum opening balance
- Earn competitive interest rates from any amount
- Get preferential interest rates when you have a qualifying Standard Bank transactional account
- Funds can be deposited and accessed at any time, without any penalties
- Interest is calculated daily and paid out monthly
- Capital is guaranteed
Product terms and conditions
General terms and conditions
Savings & Investment Savings Streak offer
What it costs
- No monthly management fees
How to get it
If you’re an existing Standard Bank customer:
- Apply on our Banking App:
- Sign into the app
- Tap on the More tile
- Select Open or add an account
- Tap on Savings and Investment
- Scroll down until you see the SaveUp tile and tap on it to complete the steps
Don’t have the Banking App?
- Download the Standard Bank App from the App Store, Google Play or AppGallery
- Register your digital profile
- Follow the steps above
If you don’t bank with us:
- Complete the Call Me Back form
- Fill in your details
- Click ‘Submit’ and one of our consultants will be in touch
What you’ll need to apply at a branch:
- Be 16 years or older
- ID copy (or passport if not an SA citizen)*
- Proof of residence not older than 3 months
*If you’re a minor, you’ll need the consent of your parent or guardian
-
How it works
-
What it costs
-
How to get it
- Start your savings journey with no minimum opening balance
- Earn competitive interest rates from any amount
- Get preferential interest rates when you have a qualifying Standard Bank transactional account
- Funds can be deposited and accessed at any time, without any penalties
- Interest is calculated daily and paid out monthly
- Capital is guaranteed
Product terms and conditions
General terms and conditions
Savings & Investment Savings Streak offer
- No monthly management fees
If you’re an existing Standard Bank customer:
- Apply on our Banking App:
- Sign into the app
- Tap on the More tile
- Select Open or add an account
- Tap on Savings and Investment
- Scroll down until you see the SaveUp tile and tap on it to complete the steps
Don’t have the Banking App?
- Download the Standard Bank App from the App Store, Google Play or AppGallery
- Register your digital profile
- Follow the steps above
If you don’t bank with us:
- Complete the Call Me Back form
- Fill in your details
- Click ‘Submit’ and one of our consultants will be in touch
What you’ll need to apply at a branch:
- Be 16 years or older
- ID copy (or passport if not an SA citizen)*
- Proof of residence not older than 3 months
*If you’re a minor, you’ll need the consent of your parent or guardian
Frequently asked questions
What is the difference between PureSave and SaveUp?
With a SaveUp account, you can earn a higher interest rate if you also have a transactional account with us. With a PureSave account, you can earn interest regardless of whether you bank with us or not.
How much money do I need in my SaveUp account to start earning interest?
You will start earning interest from as little as R0.01 if you hold an active transactional account.
Who should get a SaveUp account?
Anyone looking to grow their money and have anytime access to their funds. If you hold a Standard Bank transactional account, you will also benefit from highly competitive interest rates.
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