TymeBank provides one of the highest interest rates on savings accounts in South Africa. This is a guide on how to earn interest with TymeBank.
GoalSave
You can earn an interest on TymeBank by opening a GoalSave savings account. Which can earn you up to 8% in interest if you receive your salary through TymeBank. You can earn as much as 7% if you just give a withdrawal notice of 7 days.
GoalSave is a savings account just like any other, all you do is put your money in the savings account and it starts earning interest. It is currently the best when compared with other savings accounts in South Africa. Interest rate from other banks is usually between 2 and 4 percent. TymeBank eclipses that by an extra 3%.
How to open a GoalSave account
To open a GoalSave account; you need to first open a TymeBank account. This usually takes less than 5 minutes; you can do it online or at a TymeBank kiosk. Soon after that; you can just deposit your money into TymeBank and transfer it to GoalSave. It will immediately start earning interest.
You can open up to 10 GoalSaves in order to save for different things and they will all earn an interest rate of 7%.
Conclusion
This was a guide on how to earn interest at TymeBank. Do you have any thoughts or questions? Comment below.
