Maitlamo Savings Account
A Maitlamo Savings Account allows you to save for all the important things you need or want with as little as P100.00 a month.
P
100
Opening deposit
Anytime
Access to Funds
2.84%
EARN INTEREST UP TO
Benefits of a Maitlamo Savings Account
Additional deposits
no minimum amount can be made to the account at anytime
What you get
- Ideal for customers who would like to save for a specific goal, for example, a vacation, a wedding, school fees etc.
- The Maitlamo Savings Account is subject to signing a minimum stop order of P100.00 per month.
How it works
- You must have a transaction account at Stanbic Bank to fund your stop order.
- Can be opened for minors.
- You are allowed to have more than one Maitlamo Savings Account, which is ideal if you want to save separately for different goals.
- Interest is calculated on daily basis and compounded monthly.
- The Maitlamo Savings Account is subject to signing a minimum stop order of
- P100.00 per month.
- The interest rate are tiered and variable, depending on the amount of your investment .
- There are no transaction fees charged to the account. However, a redemption fee will be charged for early withdrawals.
- An early redemption fee also applies if the account is closed prior to the maturity date.
Card Features
No Card
What it costs
- Minimum opening deposit of P100.
- Monthly stop order of P100(minimum)
How to get it
Documents required
- Valid Identity document (citizens) or passport (non citizens)
- Valid residence and work permit (non citizens)
- Proof of residence (not older than 3 months - Confirmation Letter stating Town/Village, Ward & Plot No. or Form from the bank to be completed at the Kgotla)
- Proof of income/salary advice slip/confirmation letter stating salary (not olderthan 3 months)
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What you get
-
How it works
-
Card Features
-
What it costs
-
How to get it
- Ideal for customers who would like to save for a specific goal, for example, a vacation, a wedding, school fees etc.
- The Maitlamo Savings Account is subject to signing a minimum stop order of P100.00 per month.
- You must have a transaction account at Stanbic Bank to fund your stop order.
- Can be opened for minors.
- You are allowed to have more than one Maitlamo Savings Account, which is ideal if you want to save separately for different goals.
- Interest is calculated on daily basis and compounded monthly.
- The Maitlamo Savings Account is subject to signing a minimum stop order of
- P100.00 per month.
- The interest rate are tiered and variable, depending on the amount of your investment .
- There are no transaction fees charged to the account. However, a redemption fee will be charged for early withdrawals.
- An early redemption fee also applies if the account is closed prior to the maturity date.
No Card
- Minimum opening deposit of P100.
- Monthly stop order of P100(minimum)
Documents required
- Valid Identity document (citizens) or passport (non citizens)
- Valid residence and work permit (non citizens)
- Proof of residence (not older than 3 months - Confirmation Letter stating Town/Village, Ward & Plot No. or Form from the bank to be completed at the Kgotla)
- Proof of income/salary advice slip/confirmation letter stating salary (not olderthan 3 months)