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Society Scheme savings account
Save together as a stokvel, family, burial society, social or investment club. Skip the branch queues and manage the account securely on the Banking App, giving each member visibility.
R
100
Opening deposit
Anytime
Access to Funds
4.83%
Earn interest up to
Society Scheme interest rates
See how much interest you can earn depending on your account balance.
Society Scheme savings account
Interest rates are effective from 25 September 2026
Nominal interest rate over 12 months.
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 ATM deposits and first 2 Branch deposits are free
Zero fees
Keep the balance of your stokvel investment above R10 000 and pay no monthly fees
What you get
- Manage your Society Scheme account digitally with the SEYVA Stokvel add-on
- With the add-on, every member can view the account balance and transaction history
- Safe and convenient payments using the Banking App
- Enhanced security through digital approvals, with payments requiring approval from 3 authorised signatories before funds are released
- Unlimited deposits with immediate access to savings
- 5 Free ATM deposits and 2 free branch deposits
- Transfer part of or the entire balance to other qualifying investment accounts
- Interest is calculated daily and paid monthly
- Guaranteed capital
Society Scheme Constitution template
Society Scheme terms and conditions
General terms and conditions
What it costs
- No monthly fees for balances above R10 000
- Cash deposit fees apply
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
Access the SEYVA Stokvel add-on
- Sign into the Banking App
- Go to the Add-on Store and search for ‘SEYVA’
- Tap the ‘Add’ button
- The SEYVA Stokvel add-on should now be loaded onto your home screen
-
What you get
-
What it costs
-
How to get it
- Manage your Society Scheme account digitally with the SEYVA Stokvel add-on
- With the add-on, every member can view the account balance and transaction history
- Safe and convenient payments using the Banking App
- Enhanced security through digital approvals, with payments requiring approval from 3 authorised signatories before funds are released
- Unlimited deposits with immediate access to savings
- 5 Free ATM deposits and 2 free branch deposits
- Transfer part of or the entire balance to other qualifying investment accounts
- Interest is calculated daily and paid monthly
- Guaranteed capital
Society Scheme Constitution template
Society Scheme terms and conditions
General terms and conditions
- No monthly fees for balances above R10 000
- Cash deposit fees apply
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
Access the SEYVA Stokvel add-on
- Sign into the Banking App
- Go to the Add-on Store and search for ‘SEYVA’
- Tap the ‘Add’ button
- The SEYVA Stokvel add-on should now be loaded onto your home screen
What is SEYVA Stokvel?
It’s a Banking App add-on aimed at members of savings clubs / groups.
It enables you to:
- Link existing accounts
- View balances
- View transactional history
- Get statements
- Get IT3Bs
- Manage signatory and member maintenance
- Make payouts
- Create stokvel profiles
- Link mandates
Who can access SEYVA Stokvel?
- Society Scheme accountholders
- Signatories with the Standard Bank App
- Members who are part of a Society Scheme
How do I access SEYVA Stokvel?
- Download the Standard Bank App
- Go to the Add-on Store
- Select “add SEYVA”
- SEYVA Stokvel will then be available on the home screen of each society scheme signatory with latest balances
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