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Society Scheme savings account

Savings and investment Society Scheme

Enjoy unique benefits when you save together as a stokvel, burial society, social or investment club.

Society Scheme interest rates

See how much interest you can earn depending on your account balance.

View interest rates

Some of the benefits

Save together

Pool money from your club or saving society to earn higher interest rates.

No wait, no fuss

Make unlimited deposits and get immediate access to all or part of your savings

Free Deposits

Your first 5 branch or ATM deposits are

Zero fees

Keep the balance of your stokvel investment above R10 000 and pay no monthly fees
What you get
  • Unlimited deposits with immediate access to savings
  • Ability to make deposits and withdrawals at any branch
  • 5 FREE deposits at ATM’s and 2 FREE deposits at branch
  • Transfer part or all of the balance to other investments
  • Interest is calculated daily and paid out monthly
  • Capital is guaranteed

Society Scheme terms and conditions
General terms and conditions
 

What it costs
  • No monthly fees for balances above R10 000
  • Cash deposit fees apply

See 2024 pricing guide
 

How to get it

Society Scheme accounts must be opened in-branch.

Bring the following documents with you:

  • ID copy (or passport if not a SA citizen)*
  • Proof residence not older than 3 months


What you’ll need:

  • At least 5 members from your stokvel, savings club or burial society
  • A minimum of 3 to maximum of 4 signatories


*Signatories must be over 18

  • What you get
  • What it costs
  • How to get it
  • Unlimited deposits with immediate access to savings
  • Ability to make deposits and withdrawals at any branch
  • 5 FREE deposits at ATM’s and 2 FREE deposits at branch
  • Transfer part or all of the balance to other investments
  • Interest is calculated daily and paid out monthly
  • Capital is guaranteed

Society Scheme terms and conditions
General terms and conditions
 

  • No monthly fees for balances above R10 000
  • Cash deposit fees apply

See 2024 pricing guide
 

Society Scheme accounts must be opened in-branch.

Bring the following documents with you:

  • ID copy (or passport if not a SA citizen)*
  • Proof residence not older than 3 months


What you’ll need:

  • At least 5 members from your stokvel, savings club or burial society
  • A minimum of 3 to maximum of 4 signatories


*Signatories must be over 18

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