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Bring
people together
With at least two other people, and a minimum
deposit of R 500, you can start to save money
with a Peoples Club Account.
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| A
rewarding experience
If you are a member of a burial society or
stokvel or just want to start a club with your
friends, you will find that saving together
can be a fun and rewarding experience.
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| More
interest
The more your club can save, the more
interest your money will earn in your peoples
Club Account.
Your money will grow faster than in an
ordinary savings account.
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| Competitive
interest rate
Your Peoples Club Account pays interest
based on the daily balance in the account.
This means your club’s money will
grow faster than in an account where interest
is based on the lowest monthly balance. |
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Team
work
Being a Peoples Club Account member is like being a
member of a team.
You will find it easier to reach your financial
goals because all your team members will encourage you
to keep on saving.
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Disciplined savings
No stop order or debit order are allowed.
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Free service
Peoples Bank does not charge bank fees on a Peoples
Club Account.
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No
stamp duty
Stamp duties and government
levies are not payable on the money in your Peoples
Club Account.
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Your
choice
Peoples Bank understands your
needs, so we allow you to choose the accountholders
who can draw money from your account.
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No
withdrawal limits
Once a year your club can
withdraw all the money from your Peoples Club Account.
At any other time there must be a minimum
balance of R500 in your account to continue earning
you good interest.
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Cash
deposits
A minimum deposit of R100 can be
made into your Peoples Club Account at any time.
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Get
together now
Open a Peoples Club Account with
any group of people you know and trust – it could be
family members of even friends at work or in your
community and you will soon see the power of saving
together.
To open a Peoples Club Account
visit your nearest Peoples Bank branch, together with
those members of your stokvel, society or club that
you have agreed can be signatories for the account.
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