Postbank

Terms Save Plus Fees and Interest

Fees with effect from 10 May 2023:

Minimum opening deposit

R1 000.00

Deposits (cash)

Free

Redemptions

Free

Replacement of lost Term Deposit Confirmation Advice

R 42.00

The current interest rate on Term Save is tiered based on period of investment. Interest is calculated and credited to the customer’s card or book account 6 monthly, or at maturity of the investment.

Interest with effect from 26 May 2023:

Term Save Plus

(Interest paid 6 monthly)

Amounts up to R10 000

7.25%

Amounts above R10 000

7.50%

Term Save Plus

(Interest paid on maturity - 24 months)

Amounts up to R10 000

7.40%

Amounts above R10 000

7.65%

How is interest calculated?

Interest is fixed for the duration of the investment term. Penalty interest of 1.05% will be charged and deducted for Term Save Plus investments if redeemed before maturity.


SASSA SRD (R350) Enquiries
Tel: 080 060 10 11
Tel: +27 13 754 9439/94428/9454

Social Media

Social Media Whatsapp
Contact Us
If you are an approved SRD
R350 Grant beneficiary

Postal Address
Private Bag X20609
Bloemfontein
9300

Postbank Fraud
Fax:+ 27 51 451 2397
Email: fraud@postbank.co.za

SASSA Fraud
Fax to Email: 0865669775
fraud@postbank.co.za

Customer Care
Tel: 0800 53 54 55
Tel: 0800 53 33 50
Fax: +27 51 451 2384
postbank.enquiries@postbank.co.za

Request your Tax certificate
taxcertificates@postbank.co.za

Forms
Visit our Form-section to:
- Request a Credit Order
- Update your FICA details
- Payment of Estate Proceeds
- Change your Daily Limit