FNB Savings Account
Save with ease, access your funds instantly, and watch your money grow with competitive, tiered interest rates. The FNB Savings Account is designed to support your financial goals, whether for emergencies or everyday savings, all with zero monthly fees.
Tip: Enjoy personalised interest rates when you take out a personal loan from a reputable provider.
Why choose the FNB Savings Account?
This account is ideal for anyone looking to build savings with flexibility and efficiency:
- Instant access: Withdraw your funds whenever needed; no notice period required.
- Zero monthly fees: No recurring charges, just pure savings growth.
- Tiered interest rates: Earn more as your balance increases.
FNB Savings Account features
Smart savings with Bank Your Change
Enhance your savings automatically. Every time you use your FNB card, choose to round up your purchase by R2, R5, R10, or R50, with the extra added straight to your Savings Account.
Flexible transfers and reinvestments
Set up scheduled transfers or reinvest funds easily by sending money from your primary transactional account. Please note: you cannot pay directly from your Savings Account. Transfers may take up to two business days to appear.
Digital convenience
Open and manage your account via FNB Online or the mobile app. Track your savings progress, receive updates, and stay in control at all times.
Account specifications & rates
| Notice period | Instant access |
|---|---|
| Opening balance | From R1 (depends on linked account and deposit amount) |
| Interest rate (Simply Save) | Tiered rates from 5.00% up to 6.05% p.a.* |
| Monthly fee | Free |
| Transaction fee | Free |
| Withdrawal / deposit fees | Not separately charged; normal transactional limits apply |
| Balance enquiry & statements | Free via digital channels |
| Special feature | Bank Your Change rounding on card purchases |
* Rates vary by balance tier and reflect the Simply Save product’s current structure.
How to open your FNB Savings Account
- Initialise the process: Visit the FNB product page or JustMoney’s listing for the savings account.
- Submit your application: Provide your personal details via FNB Online or the FNB app.
- Start saving: Begin with any amount from R1, set up recurring transfers, and activate Bank Your Change to start growing your savings effortlessly.
Tip: Check your credit score to determine if you may qualify for financial products.
Notes
You will only be allowed to do scheduled payments from your Primary Transactional Account to your Savings Account and transfers between your Primary Transactional Account and Savings Account. You cannot use your Savings Account to make payments. This can take up to two business days to reflect.
