Save & earn
Watch your savings grow day by day
GoalSave is a savings tool with super powers. It gives you better interest rates the longer your money stays in. We’re talking up to 7%*, and up to 8%* if your salary is deposited with us, m’chana.
Why start a GoalSave?
GoalSave is a free savings tool linked to your EveryDay account
Start 10 different GoalSaves for 10 different goals
Earn more the longer you save. Get as much as 7% interest a year
Switch your salary to your TymeBank account and get an additional 1%
Keep those savings safe from debit orders
Access your savings ngok’shesha!
Get a sweet 10-day notice bonus
The power of GoalSave
The money in your GoalSaves earns you interest at a rate that grows over time.
You can have as many as 10 active GoalSaves and you can add money as often as you’d like, as long as the combined total across all your GoalSaves and your EveryDay account is not more than the limit set for your profile or doesn’t exceed R100 000 across all 10 GoalSaves.
Learn more about our different EveryDay account profiles here.
Interest that gets bigger over time*
It pays to give your money some space. The annual interest rate bumps up the longer you leave your imali in GoalSave.
| 4% | 1-30 days Earn 4% from day one. Now that’s a good start |
| 5% | 31-90 days After 31 days your interest rate ups to 5% my friend |
| 6% | 90+ days From here on the interest jumps to 6%. Don’t touch your money – just watch it earn interest on the interest already earned. It’s a beautiful thing |
| 7% | Give us a 10-day heads up (after 90 days) that you’ll be taking your payout and earn yourself a bonus that takes your interest rate up to a nca 7% |
| 8% | If your salary is paid into your TymeBank account, and you give us a 10-day heads up after 90 days that you’re taking your savings out – you get an extra sweet 1% more |
* Annual interest rates: 4% interest from day 1, 5% after 30 days, 6% after 90 days. If you give 10 days’ notice after 90 days – you earn as much as 7%. These rates apply from 1 July 2020. If you qualify for GoalSave Kicker you can earn as much as 8%. Full terms and conditions can be found here.
** The calculator displayed on this page is to be used as a guideline only. Therefore, calculations displayed on this page may differ slightly from what is calculated within the TymeBank’s official banking channels. The differences between the calculator on this page and the calculations within official banking channels will not be honoured.
How to use GoalSave
Need more help?
Visit our help center