ContractSave Savings Account

ContractSave helps you reach your savings goal more quickly by putting aside a fixed amount every month over 1 to 20 years.

Opening deposit
R 100
Access your money
At maturity
Interest rate
Up to 5.50%

About ContractSave Savings Account

How to qualify

  • You can invest R 100 or more
    AND
  • You are a South African citizen
    OR
  • You have a valid passport or permit

Minors may open the investment account with a parent’s or guardian’s consent.

General terms and conditions

Features and benefits

  • Start getting additional bonus interest after 1 year
  • The longer you save the more interest you earn
  • Choose the period you want to save for (1 to 20 years)
  • Make additional deposits through debit order, stop order and direct deposits at any of our branches
  • You need to set up a debit order of at least R 100 a month, with the option to increase it annually
  • ContractSave interest rates

What it costs

  • Cash deposit and early redemption fees only
  • Free monthly debit orders into your ContractSave account if they come from a Standard Bank current account

How to apply

What you'll need

  • Your South African ID book
  • Proof of home address (less than 3 months old)
  • Valid passport and work or study permit (for non-SA citizens)

Let's talk

Send us your details and we'll phone you within five business hours to discuss your options.