? Opening a bank account is one of the most important things we do to show how financially responsible we are. Children can be taught by their parents to be responsible early on by saving money from their pocket money and putting it in Capitec Bank’s Global One Facility. It is a daily savings and transaction account rolled into one. This is a suitable product not just for children but for any age as well. The product is the same for life which makes it easier to control the money from an early age.
Benefits of the Global One Banking Facility
Transaction/Savings Account
This is your main transaction account that gives you affordable banking. All clients get this account with Global One, which also gives you access to 4 additional savings accounts and personalized credit.
- Earn higher interest on daily balances from R25
- Easiest, paperless transactions at lower, transparent bank costs
- Easy access to your money using your Global One card, Mobile Banking or Internet Banking
- Monthly admin fee of R4.50; minimum balance of R25
Savings Plan
Once you have opened a transaction/savings account you can create up to 4 additional Savings Plans. These flexible or fixed savings plans allow you to manage your money according to your needs while earning high interest.
- Earn from 4.75% interest on daily balances
- Choose your deposit amount and the frequency of your deposits
- Choose a name for your plan
- Access your plan through Mobile Banking, Internet Banking or our ATMs
- No monthly admin fee or minimum balance
Fixed Term Savings Plan
Once you’ve created a Savings Plan you can fix the term. You’ll earn even higher interest to achieve your goals sooner!
- Choose your deposit option:
- Single deposit: 6–60 months, R5 million maximum investment and a minimum balance of R10 000
- Multiple deposits: 6–24 months, R1 million maximum investment
- Reinvest the interest or transfer it to your transaction/savings account
- Interest rate fixed for the full term
- Money available on the maturity date
Try the bank’s easy-to-use savings calculators to give you an indication of how much interest you can earn from a transaction/savings account or one of the Savings Plans.
