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Save-As-You-Earn

A little goes a long way when you save as you earn.

Save As You Earn is a salary-based savings account that allows the holder to enter into a five-year (60-month) contract with the employer to remit a minimum contribution of P200 monthly to BSB. This account does not attract maintenance fees. A rollover is encouraged. SAYE account holders qualify for an Ipelegeng Personal Loan facility.

0 %
interest earned annually
P 0 .00
minimum monthly contribution
NO TAX 0
On Interest Earned

Product Features

  • Minimum monthly contribution is P200
  • 12 to 60 months deduction
  • The interest rates earned annually:
    • 1-2 Years 1.25% p.a
    • 3-4 Years 1.50% p.a
    • 5 Years 2.00% p.a.
  • The interest earned is tax free
  • Continuation of savings after maturity is allowed
  • Rollover is encouraged
  • Termination attracts 50% reduction on interest earned
  • The accumulated balance on the account offers security for an Ipelegeng Personal Loan facility

Pricing

  • Account attracts no charges

Entry Requirements

  • Omang and passport for citizens and foreigners respectively

How do I apply for an Save-As-You-Earn?

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BSB how_it_works 1

Print, fill and sign account opening form under downloadable.

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fill-BSB-form

Submit the signed forms together with account opening documents at BSB consultant/enquiries for account opening and issuing of passbooks.

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BSB how it works

After first instalment you will receive a letter/ stipulating the commencement period and maturing date.

Frequently Asked Questions

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Any person is eligible to open the account. Self-employed customers are required to ensure that they submit monthly installments either at BSB or the nearest post office continuously without fail as the contract stipulates.

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Yes, parents are allowed to open accounts for their children as a way of also encouraging them to save.

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