FNB Savings Pocket which is available to you if you have a Smart, Gold, Platinum, Private clients Islamic or Business cheque account. With FNB’s Bank Your Change you can save whilst you spend! How? The purchase amount gets rounded up and the difference is transferred into your Linked Savings Account where your money will earn interest –
It works as follows: each time you swipe your FNB Cheque Card the amount gets rounded up to the nearest R2, R5, R10, R20 or R50 (you choose the amount) and gets placed in a separate savings account (Bank’s your change). The funds that are saved are then readily available anytime you need them as the Savings Pocket is linked to your Cheque account so you can access the funds at your FNB ATM or simply transfer the funds using your electronic banking. This is a clever way to build up cash for things you need later on in the future without realising that you are saving! Savings Pocket is free. You will also earn with a nominal interest rate on the balance of your Savings Pocket.
Article originally published by MoneySupermarket SA