Saving money at TymeBank is very easy and is also lucrative. This is a guide on how to save money at TymeBank.
Open a TymeBank account
The first thing you have to do is to open a TymeBank account. You can do this online or through the TymeBank kiosk. Which is usually found at any Pick n Pay or Boxer stores, the process usually takes less than 5 minutes.
All you have to do is to enter your information, you don’t need to have your ID, you will have to remember it, no proof or address or any documents that need to be submitted.
Deposit money into your TymeBank
Next, you will have to deposit money into your TymeBank account, you can do this in a few different ways. The easiest way is by doing an EFT from your current bank to TymeBank. It usually takes 48 hours for the money reflect. Another option is to go to Pick n Pay or Boxer and ask the cashier to deposit the money for you.
Open a TymeBank account
At this point your money will be saved at TymeBank but it will not be earning any interest. To earn interest, you have to put your money in GoalSave. Which is a TymeBank savings account, all you have to do is to transfer it. It only takes seconds to do this from your TymeBank.
Your money will start accumulation interest, you can withdraw it immediately but you earn an extra 1% to a total of 7% if you wait for 10 days before withdrawing it. That’s how you save your money at TymeBank and earn inflation beating interest at the same time.
Conclusion
This was a guide on how to save money at TymeBank. Do you have any thoughts or questions? Comment below.
