This is a tool that gives you a holistic view of banking services and associated fees. We want you to make informed financial decisions and this tool allows you to look at banking fees side by side and decide. Banking is a very important piece to your personal finance puzzle. Before you receive your money it has to pass through your bank account, you make payments out of the account to your friends and family and you even park some of your money in your bank account. Therefore it is very important to understand the fees charged by banks.
|
BANK NAME |
ACCOUNT NAME |
OPENING BALANCE |
INTEREST RATE |
ACCESSABILITY |
BANK CHARGES |
|
FNBB |
Poloko
Future Save
|
P500.00
P100.00 |
500-19,999: 0.20% 20,000-49,999:0.65% 50,000+: 1.35%
0-19,999:0.025% 20,000+: 0.10% |
One free withdrawal per month, additional withdrawal P35 per transaction
2 free withdrawals per month, additional withdrawal P11.10 per transaction
|
No monthly account fees.
Monthly account fee-P6.00
|
|
Barclays |
Lekgolo Savings
Serala Savings |
P100.00
P100.00
|
Quarterly interest if no returns.
125% bonus interest if no withdrawals are made in a quarter |
One free withdrawal per quarter, additional withdrawals charged
One free withdrawal per quarter |
No account maintenance fee.
No account maintenance fees
|
|
Stanbic |
Koketso Savings
|
P100.00 |
2.50% interest calculated on daily balances and paid monthly |
One free withdrawal per quarter, additional withdrawal P75.00 per transaction |
No Monthly account fees |
|
Stan Chart |
Tema Savings |
P500.00 |
P500-P4,999:0.50% P5000-P14,999:1.00% P15,000-P24,999:1.50% P25,000-P99,999:2.00% 100,000-199,999:2.50% 200,000+:3.00%
|
One free withdrawal per month, additional withdrawal P30 pus VAT per transaction |
No monthly account fees. |
|
Banc ABC |
Fresh Savings |
P50.00 |
0.20%-3.00% interest calculated on daily balances and paid monthly |
Unlimited |
No maintenance fees |
|
Bank Gaborone |
Ipeele Savings |
P120.00 |
0.00%-2.50%, interest paid on balances above P1,000 |
One free withdrawal per month, P120 for additional withdrawals within a month. |
No monthly account fees. |
|
First Capital |
Savings |
P500.00 |
0.00% -2.00% interest calculated on daily balances and paid monthly. |
Unlimited |
P23.10 monthly account maintenance fee.
P33.20 penalty fee for balances less than P500.00 |
|
BBS |
Letsibogo
Special Savings |
P0.00
P500.00
|
P0.00 to P5000:0.50% P5001 to P10000:0.65% P10001 to P50000:0.85% P50000+:1.00%
· P500-P5000.00 :0.50% P5001-P10000:0.65% P10001P50000:0.75% P50000+: 1.00%
|
Limited, 1 withdrawal per quarter
Limited, 2 withdrawals per month |
No charges
P30.00 plus VAT monthly maintenance
|
|
BSB |
Sesigo Savings |
P200.00 |
Up to 2.00% depending on balances paid annually |
Unlimited withdrawals charged P2.24 pe transaction |
P11.20 monthly account maintenance fee. |
Compiled: Money Managers Date: 24/12/2019 Data Source: Internet