MM Banking Fees Tables

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.

SAVINGS ACCOUNTS IN BW

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