Standard Bank PureSave Review for October 2024

Last updated 2nd October 2024 by Walter

Introduction

The Standard Bank PureSave is a savings account offered by Standard Bank. Unlike notice or fixed deposits, savings accounts allow quick and easy access to your money.

This page summarises interest rates offered by Standard Bank PureSave and compares them to South Africa's savings account industry average. So you can get a good idea how the interest rates offered by Standard Bank PureSave compare to other banks.

Convenient. You can save and transact with the same account. Full control of your savings with a no debit order account. There is no minimum opening balance.

Standard Bank PureSave highlights

last updated 2nd October 2024 by Walter

R0
min deposit
5.25% - 5.55%
interest rate
PS. Did you know that Standard Bank also offers the following

Standard Bank PureSave

This table shows Standard Bank PureSave's interest rates for a R0, R1,000, R10,000, R20,000 and R100,000 investment in Standard Bank PureSave versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R0
5.25%
#1 out of 1
5.25%
- R
0
R0
5.25%
#1 out of 1
5.25%
- R
0
R0
5.25%
#1 out of 1
5.25%
- R
0
R1,000
5.25%
#18 out of 34
4.71%
+ R
6
R1,000
5.25%
#18 out of 34
4.71%
+ R
6
R1,000
5.25%
#18 out of 34
4.71%
+ R
6
R10,000
5.25%
#21 out of 34
4.99%
+ R
28
R10,000
5.25%
#21 out of 34
4.99%
+ R
28
R10,000
5.25%
#21 out of 34
4.99%
+ R
28
R20,000
5.45%
#27 out of 43
5.27%
+ R
39
R20,000
5.45%
#27 out of 43
5.27%
+ R
39
R20,000
5.45%
#27 out of 43
5.27%
+ R
39
R100,000
5.55%
#43 out of 52
6.59%
- R
1,104
R100,000
5.55%
#43 out of 52
6.59%
- R
1,104
R100,000
5.55%
#43 out of 52
6.59%
- R
1,104
  • 1 industry average refers to the average interest rate across all other savings accounts for the given investment amount
  • 2 the amount of interest you will be able earn over and above the average.
    A negative amount means that the average savings account in South africa will give you more than Standard Bank PureSave.
How to read this table?

You get a 5.55% interest rate at Standard Bank PureSave for a R100,000 investment. The industry average for a savings account with a balance of R100,000 is 6.59%. Over one year you will earn R1,104 less in interest at Standard Bank PureSave compared to the average savings account.

Here are other similar savings accounts in South Africa which require a minimum deposit between R0 - R10,000

Account Min Deposit Rate
AfricanBank Power Pocket R11.00%
AfricanBank MyWorld R11.00%
AfricanBank Savings Pocket R16.50%
Capitec Savings R02.75% - 6.90%
FNB Linked Savings R16.80% - 7.50%
Standard Bank PureSave R05.25% - 5.55%
Discovery Demand Savings Account R10,0007.25%
Bidvest Bank Call Account R1,0003.95% - 5.95%
Nedbank Just Invest R5006.75% - 8.00%
TymeBank GoalSave R17.00%
BankZero Savings R16.70% - 7.55%