This is a savings account which allows individuals to save for longer periods of time ranging from 2 months to 12 months with flexibility of frequent additional deposits into the account as well as an option to roll over at maturity at the prevailing competitive rates.

MetSave is ideal for individuals who want to save towards a specific project/ event.

The account can be opened in any of the following currencies:- USD, ZAR, BWP

Requirements to Open Personal Accounts

  • Certified copies of ID/current passport/driver’s license
  • Proof of residence in the form of utility bills, affidavit certified by ZRP or letter from employer
  • 2 passport-sized photos
  • A properly completed account opening form
  • Account opening is subject to FCB clearance
  • Account opening is instant
  • Initial investment amount - USD50
  • No maximum
  • Monthly service fee - nil
  • Early maturity charges - USD10 or 50% of accrued interest which ever is greater.
  • Interest rates
  • USD51 – USD500 = 1% pa
  • USD501 – USD999 = 2% pa
  • USD1000+ = 4% pa

Features:

  • Interest earning account up to 4%
  • No monthly service fees
  • Interest is calculated daily and credited monthly
  • No withdrawal charge on maturity
  • The money is available on maturity
  • Deposits made via stop order or monthly payments
  • An individual can open different Metsave accounts for different puposes