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%1 here, 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

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 time1


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%

 

  1. 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%. Rates apply from 1 July 2020. Full terms and conditions can be found here.
  2. 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

Frequently asked questions

Need more help?

Visit our help center