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PERSONAL SAVE ACCOUNT

Personal Save is a flexible, all-purpose savings account designed specifically for the day-to-day accumulation of savings. 

Personal Save is a secure and convenient book-based account, providing you with easy reference to all your deposits and withdrawals, as well as interest payments made to you. Open an Ithala Personal Save Account and save in order to be prepared for the unexpected.

Services and Benefits

  • Immediate and full availability of your funds on demand;
  • The convenience of an unlimited number of withdrawals;
  • Professionally produced cheques on reques;
  • The deposit of any amount into your account, whenever you wish, to add to your savings;
  • The convenience of making deposits or withdrawals at any branch of Ithala;
  • Direct deposits of your salary by your employer;
  • Convenience of stop order or debit order payments into your Personal Save Account;
  • Interest on your savings accrues on a daily basis and is capitalised monthly.

How to Open a Personal Save Account

In order to open a Personal Save Account, you need:

  • A minimum opening deposit of R50.00;
  • A valid identification document;
  • Proof of your residential address.

Tips

You should always ensure that your identification document and your Personal Save Account transaction book are kept in a safe place. In the event of either or both of these documents being lost or stolen, please report the loss to any branch of Ithala.

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CALL DEPOSIT ACCOUNT

Ithala Call Deposit is a savings account designed for those clients who have large amounts to invest and who require funds to be available on demand. The interest on the Call Deposit Account is higher than that offered on a savings account.

Open an Ithala Call Deposit Account and earn more interest and gain easy access to your money when you need it.

Call Deposit Account Benefits

  • Immediate and full availability of your funds on demand
  • Deposits and withdrawals of a minimum of R1 000 may be made whenever you wish
  • The convenience of making deposits or withdrawals at any branch of Ithala
  • Professionally produced cheques upon request
  • Interest on your savings accrues on a daily basis and is capitalised on a monthly basis. A minimum balance of R1 000 must be maintained
  • Higher interest rates and fees are only applicable on transactions, i.e.: no monthly management fee

How to open a Call Deposit Account

  • A minimum opening deposit of R1 000
  • A valid identification documents
  • Proof of your residential address

Tips

You should always ensure that your identification document and your Call Deposit Account certificate are kept in a safe place. In the event of either or both of these documents being lost or stolen, please report the loss to any branch of Ithala.

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SPECIAL CALL ACCOUNT

The Ithala Special Call Deposit is a part investment and part savings account designed for those clients who have large amounts to invest and need funds to be available on demand. The interest on the Special Call Deposit Account is close to the rate of interest offered on fixed deposits.

Open an Ithala Special Call Deposit Account and earn more interest and enjoy your investment when you need it.

Special Call Deposit Account Benefits

  • Availability of funds on demand
  • Deposits and withdrawals may be made whenever you wish
  • The convenience of making deposits or withdrawals at any branch of Ithala
  • Professionally produced cheques upon request
  • Interest on your savings accrues on a daily basis and is capitalised monthly. A minimum balance of R200 000 must be maintained
  • Higher interest rates and fees only applicable on transactions, i.e.: no monthly management fee

How to open a Special Call Deposit Account

  • A minimum opening deposit of R200 000
  • A valid identification documents
  • Proof of your residential address

Tips

You should always ensure that your identification document and your Special Call Deposit Account certificate are kept in a safe place. In the event of either or both of these documents being lost or stolen, please report the loss to any branch of Ithala.

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TARGET SAVE

Target Save is a special savings account designed to allow you to save for a specific event, such as your children’s education, a wedding, paying amalobolo, deposit for your dream home and the like. Our Target Save account offers you the opportunity to save a fixed amount of your choice every month for a minimum period of six months. The saving period is renewable.

Target Save Benefits

  • A fixed monthly saving, determined by you, based on your savings needs and affordability;
  • Flexible saving periods from 6, 9, 12, 18 and 24 months;
  • An option of extending the savings period to further grow your savings;
  • Interest on your savings will be calculated daily and applied monthly;
  • No monthly service fees will be charged during the savings period;
  • You will automatically qualify for an Ithala Cash Loan once your Target Save savings exceed a specific level;
  • Convenience of stop order or debit order payments into your Target Save Account;
  • Book-based account history, offering you easy reference to all transactions;
  • The immediate availability of your savings and interest on the expiry of the savings period;
  • The commitment of depositing funds regularly will develop your own savings track-record, which will assist you in applying for loans or finance in future.

How to Open a Target Save Account

  • A minimum opening deposit of R50.00;
  • Your valid identification document;
  • Proof of your residential address;
  • See our FICA brochure for details on other documents needed to open your Target Save Account.

Tips

You should always ensure that your identification document and your Target Save Account transaction book are always kept in a safe place. In the event of either or both of these documents being lost or stolen, please report the loss to any branch of Ithala immediately.

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SAFE SAVER FIXED DEPOSIT ACCOUNT

Safe Saver Fixed Deposit is especially designed to maximise the growth of your investment, generating wealth, while providing you with the peace-of-mind of financial security. So, you can now afford to bring joy to your child’s life and secure his/her future by putting a little away every month for a quality education.

Safe Saver Fixed Deposit is a fixed deposit account which ‘locks’ your savings into an investment period of your choice and offers you a competitive interest rate to ensure the rapid growth of your capital.

In selecting from our 3, 6, 12 or 24-month investment periods, you will receive a certificate, registered in your own name, specifying the value of your investment and the interest rate which will apply for the duration of the selected period. Open an Ithala Safe Saver Fixed Deposit Account and save to turn your dream into a reality.

Safe Saver Fixed Deposit Account Benefits

  • A favourable fixed interest rate for the selected investment period, regardless of interest rate changes within the financial market
  • A preferential interest rate being applied to any investment of R100 000 or more
  • No monthly service fees will be charged during the savings period
  • Flexible saving periods from 3, 6, 9, 12 and 24 months to suit your specific needs
  • An option of extending the savings period to further grow your savings
  • Automatic qualification for and access to an Ithala Cash Loan upon investing in a Safe Saver Fixed Deposit
  • The immediate availability of your investment and interest upon the expiry of your selected investment period

Safe Saver Investment Periods and Interest Rate Options

PERIODMINIMUM DEPOSITINTEREST PAYMENTS;
3 monthsR1 000.00Upon maturity of investment;
6 monthsR1 000.00Upon maturity of investment;
12 monthsR1 000.00In February and August;
12 monthsR5 000.00Monthly for credit into savings accounts;
24 monthsR1 000.00In February and August.

How to Open a Safe Saver Fixed Deposit Account

In order to open a Safer Saver Fixed Deposit Account, you need:

  • The required minimum deposit of R1 000;
  • A valid identification document;
  • Proof of your residential address.

Tips

You should ensure that your identification document and your Safe Saver Fixed Deposit certificate are always kept in a safe place. In the event of either or both of these documents being lost or stolen, please report the loss to any branch of Ithala immediately.

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32 DAYS EXPRESS ACCOUNT

The 32 Days Express Account is an investment account in which funds are kept for a minimum of 32 days. It is unique in that it allows clients to place multiple notices on funds needed. The 32 Days Express Account offers higher interest rates than that offered on a savings account.

Services and Benefits

  • Availability of funds after the expiry of the 32-day notice period;
  • The convenience of saving for a future goal;
  • Professionally produced cheques upon request;
  • No monthly service fees will be charged during the savings period;
  • The deposit of funds into your account whenever you wish to add to your savings;
  •  The convenience of making deposits or withdrawals at any branch of Ithala;
  • The convenience of stop order and debit order payments to your account;
  • Interest on your savings accrues on a daily basis and is capitalised monthly. A minimum balance of R100 must be maintained.

How to Open a 32 Days Express Account

  • A minimum opening deposit of R100;
  • A valid identification document;
  • Proof of your residential address.

Tips

You should always ensure that your identification document and your 32 Days Express Account certificates are kept in a safe place. In the event of either or both of these documents being lost or stolen, please report the loss to any branch of Ithala.

Apply Now