Top 10 Best South African Savings Accounts

Not sure which is the right account for you? Let us help you choose the best savings account for your needs. We’ve listed of all South Africa’s major bank savings accounts, and give you the opportunity to compare the best offers.

1. Absa Mega U- If you are younger than 18 years old, a MegaU account is a great way to take control of your money and to start enjoying the financial freedom that comes from managing it properly.

2. Nedbank4me- Nedbank 4Me is the fun and clever way to be savvy with your money. It makes it super easy for you to make the most of your money so that you can have a bright financial future. 

3. Nedbank Dezign Student- The Nedbank Dezign Student Account is a day-to-day banking account for young adults that provides easy access to your cash when you need it – to suit your savvy lifestyle while offering you a range of great benefits.

4. FNB Fluid Youth– The Youth Account is a transactional and savings account designed to meet the needs of customers 18 years and younger. The FNB Youth Account offers a host of benefits, whilst teaching young people the early joys of savings and financial security.

5. FNB Easy Account– FNB’s Easy Account is available to all FNB customers regardless of their income level.

6. FNB Mzansi Account- The Mzansi Account is a low income transactional banking account that was developed in line with the commitments of South Africa’s Financial Sector Charter.

7. Standard Bank Access Save– If convenience, simplicity and value are what you are looking for, then the AccessBanking is perfect for you. With AccessBanking there is a banking solution to suit your every banking need.

8. Capitec Savings Account– The transaction/savings account is your main account (R25 minimum balance; R5 monthly admin fee) that gives you affordable banking and up to 4 extra flexible, fixed or tax-free savings plans. Some of the benefits of the transaction/savings account:

9. Standard Bank Pure Save– For a simple and easy way to start saving, consider PureSave. It is a savings account that gives you the flexibility to save when you can and you have access to your funds when you need them.

10. ABSA Islamic Savings– A Shari’ah-compliant savings account that provides you with a pre-agreed profit-share ratio in the event a profit is earned and a card that you can use to access your funds at any time