GoalSave - Savings account interest rates that grow

Listen to the voice of Ouma Katrina Esau

Knowing what really matters, and what’s worth saving, can make all the difference. It’s why we’re committed to helping all South Africans save with GoalSave. It is a powerful tool that gives you one of the best interest rates in Mzansi, as much as 8%* a year and gives you immediate access to your money, whenever you need it.

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“What's worth saving to you?
Is it something no one else understands?
Something that speaks only to you.
Something that matters to your children.
Your community. Your people.

What we save matters.
Because it's not just for us.
It's for future generations too.
And for them, it matters.”

- Katrina Esau, last fluent speaker of N|uu

“As jy iets kan bewaar, wat sal dit wees?
Iets wat niemand anders verstaan nie?
Iets wat net tot jou spreek?
Iets wat baie vir jou kinders beteken?
Vir jou gemeenskap? Jou mense?

Die dinge wat ons bewaar, maak saak.
Want dis nie net vir ons nie.
Dis vir toekomstige generasies ook.
En vir hulle maak dit saak.”

- Katrina Esau, die enigste oorblywende persoon wat N|uu vlot praat

“Iyini lento ofisa ukuyongela?
Ngabe yinto ongeke omunye umuntu ayiqondisise?
Into ekhuluma nawe kuphela?
Yinto ebalulekile ezinganeni zakho?
Emphakathini wakho? Kubantu bakho?

Lokho esikongayo kubalulekile
Ngoba akupheleli kithina kuphela.
Kodwa okwezizukulwane ezizayo futhi
Nalokho, kubalulekile kubona.”

- U-Katrina Esau, isikhulumi sokugcina ebesiyikhuluma kahle i-N|uu

“Yintoni ongazilondolozela yona?
Ingaba yinto ekungekho mntu uyiqondayo?
Into ethetha nawe wedwa?
Into ebalulekileyo ebantwaneni bakho?
Uluntu lwakho? Abantu bakuni?

Into esiyilondolozayo mayibe ngundoqo.
Kuba ayipheleli apha kuthi.
Yeyezizukulwana kananjalo.
Yaye oko, kungundoqo kubo.”

- Katrina Esau, isithethi sokugqibela esisulungekileyo se N|uu

“Ni khou vhulungela mini?
Ni khou vhulungela zwine munwe muthu a nga si zwi pfesese?
Zwine zwa pfeseswa nga inwi fhedzi?
Zwithu zwine zwa vha zwa ndeme kha vhana vhanu?
Vhadzulapo vha hanu?
Na muta wanu?

Zwine ra vhulungela zwone ndi zwa ndeme.
Ngauri ri vha ri sa khou itela rine vhane.
Ri vha ri khou itela na murafho wa matshelo.
Khavho, ndi zwithu zwa ndeme.”

- Katrina Esau, ho sala vhone sa muambi wa luambo lwa N|uu

“Ke eng se o se bolokelago?
Ekaba ke selo sa go se kwešišege?
Selo sa go kwešišwa ke wena o le noši?
Selo se bohlokwa go bana ba gago?
Setšhaba sa geno? Batho ba geno?

Seo re se bolokelago se bohlokwa.
Gobane ga re direle rena feela.
Re direla le meloko ya ka moso.
‘Mme go bona, go bohlokwa.”

- Katrina Esau, mmoledi wa mafelelo wa N|uu

“Yini oyilondako?
Inga kgani yinto engeze yazwisiswa ngomunye umuntu?
Into etlhogwa nguwe wedwa?Into etlhogwa bantwana bakho?
Umphakathi wakho? Abantu bekhenu?

Esikubulungelako kuqakathekile.
Ngombana akusingokwethu sodwa.
Ngokwesizukulwana esizako.
Kanti nakiso, kuqakathekile.”

- Katrina Esau, mumuntu wokugcina osikhuluma kuhle isi N|uu

“Ke’ng seo o se bolokang?
Na ke ntho eo batho ba sa e utlwesiseng?
Ntho e tobaneng le wena feela?
E molemo ho bana ba hao?
Sechaba sa heno? Batho ba heno?

Seo re se bolokang se bohlokwa.
Hobane ha se molemong wa rona feela.
Se molemong wa meloko e tlang.
Mme le ho bona, se molemo.”

- Katrina Esau, sebui sa ho qetela se hlwahlwa, karabo ke N|uu

“Ke eng se o se bolokang?
A ke sengwe se ope a sa se tlhaloganyeng?
Sengwe se se buang fela le wena?
Sengwe se se leng botlhokwa mo baneng ba gago?
Setshaba sa gaeno? Bagaeno?

Se re se bolokelang se botlhokwa.
Gonne ga se sa rona fela..
Ke sa dikokomana tsa kamoso.
Mme mo go bona, go botlhokwa.”

- Katrina Esau, sebui sa bofelo sa setswerere sa N|uu

“Yini loyilondvolotayo?
Ngabe yintfo labanye bantfu labangayicondzisisi?
Intfo lecondzene nawe?
Intfo lebalulekile ebantfwaneni bakho?
Umphakatsi wakini? Bantfu bakenu?

Lesikongako kubalulekile.
Ngoba asitenteli tsine.
Sentela nesitukulwane lesitako.
Kantsi kubo, kubalulekile.”

- Katrina Esau, muntfu wekugcina loyikhuluma kahle i-N|uu

“Xana u hlayisa yini?
Xana I nchumu lowu ku nga hava munhu loyi a wu twisisaka?
Nchumu lowu nga wa wena ntsena?
Nchumu lowu nga wa nkoka eka vana va wena?
Wa vaaki-ndhawu va ka n’wina? Vanhu va ka n’wina?

Swilo leswi hi swi hlayisa I swa nkoka.
Hikuva a hi swa hina ntsena.
Nakambe I swa rixaka ra vumundzuku.
Naswona eka vona, I swa nkoka.”

- Katrina Esau, xivulavuri xo hetelela lexi vulavulaka xi nga ti pfinyingi xa N|uu

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 8% 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%	10 Day Notice days Give us a 10-day heads up before taking your payout, and earn yourself a Bonus on all the interest earned on your GoalSave. This takes the maximum rate you’ll earn to 7%*
8%	10 Day Notice days If your salary is paid into your TymeBank account, and you give us 10-days’ notice on a payout, you’ll get an additional “Salary Kicker” that takes your maximum rate to 8%*
	* GoalSave Bonus and Salary Kicker are calculated by multiplying the stepped GoalSave interest earned over the life of the investment by a factor. The calculation details are explained here.

Calculators & Tools

Those goals may be closer than you think! Use our GoalSave calculator to work out how much and for how long you need to save to reach them.

How to use GoalSave

GoalSave is easy

Login to your TymeBank EveryDay account online, click on new goal and follow the on-screen instructions.

Give your GoalSave a name

You can create up to 10 different GoalSaves and give each one a name, e.g. holiday, computer, etc.

Take your payout whenever

Add money or take it out at any time. The longer you leave your cash in a GoalSave, the more interest it will earn.

Access your money in seconds

You can close a GoalSave at any time and all the money in that GoalSave will be transferred into your EveryDay account ngok’shesha.

See how your money has grown

A short-term fling or a long-term savings commitment, you’ll get back all the money you’ve added to a GoalSave plus any interest you’ve earned.

Get a 10-day waiting bonus

If your money has been in a GoalSave for 91+ days and you give us 10 days’ notice that you’ll be taking your payout, we’ll give you a sweet bonus.

Frequently asked questions

GoalSave interest is earned in steps over the life of the account, with the 4% per annum rate applied for the first 30 days, 5% applied for the next 60 days, and a rate of 6% is applied from then on.
Interest is calculated daily, based on end-of-day balances. It is accrued during the month and all accrued interest is capitalised on the 1^st day of the new month. This means that the interest is added to the account balance, and from then on, the daily interest is calculated based on this new, higher balance.
When a GoalSave payout occurs, accrued but not yet capitalised interest is added to the payout amount (the value paid out includes all customer funds invested and all interest earned over the life of the GoalSave account).
Customers are eligible for the “GoalSave Bonus” when 10 days’ notice is given on a GoalSave withdrawal. The Bonus amount is calculated as [all interest earned over life of GoalSave] x [7% / 6% -1]. This incremental payment results in the maximum interest paid during the life of the GoalSave increasing from 6% to 7%.
Customers who elect to have their salary paid into their TymeBank account are eligible for an additional “Salary Kicker”. This is applied if the conditions for the “GoalSave Bonus” are also met. The Salary Kicker is calculated as [all interest earned over life of GoalSave] x [8% / 7% -1]. When added to the “Goalsave Bonus”, this incremental payment results in the maximum interest paid during the life of the GoalSave increasing from 6% to 8%.

What’s worth saving for you? For Katrina Esau it’s N|uu