The problem with savings pocket is that it doesnt work on credit cards.. so it kinda defeats the purpose where the bank encourages spending on credit cards and not debit cards(because they get more transaction fees this way)
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Question of the Day: Did you buy your last car with cash or on a finance plan?
FNB Saving Pocket?
- Thread starter xrapidx
- Start date
jUgg3rnAutZA
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Does anyone know if funds can be paid into this account e.g. Person A pays money into the linked savings pocket of Person B using the account number of the linked savings pocket? I'm sure this is possible, but I was just curious.
Johnatan56
Honorary Master
Can one transfer money from the Easy account to the Pocket account without paying any fees? Because I'd just transfer money out of the pocket account on a daily basis.
Tman*
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Yup, works 100% as long as the person send the cash is also with FNB.
I've had issues with cash deposits I to my savings pocket, where the bank called Me prior.
Yep, no charge
Johnatan56
Honorary Master
Thanks, took the plunge and transferred 10% over, no fees transferring in either direction.
Maelly
Expert Member
A few questions:
1. How does one adjust the bank your change allocation (internet banking I suppose, cause the feature ain't available on the App)?
2. Is there a limit of how much you can transfer into Savings Pocket?
3. What is the official interest rate or is it client linked, I see mine (under Detailed Balance) fluctuates, it's currently showing 1.40000% whilst earlier today it was showing 1.67000%?
1. How does one adjust the bank your change allocation (internet banking I suppose, cause the feature ain't available on the App)?
2. Is there a limit of how much you can transfer into Savings Pocket?
3. What is the official interest rate or is it client linked, I see mine (under Detailed Balance) fluctuates, it's currently showing 1.40000% whilst earlier today it was showing 1.67000%?
1. Bank Accounts > Savings Pocket... More > Account Settings > Bank Your Change... Manage
2. Nope... but if you going to save more than 100K rather open a Money Maximiser Account
2. 5.25% for R75 000 up to R100 000
Last edited:
BBC
Senior Member
Necro...
Has the interest changed on this account?
Has the interest changed on this account?
backstreetboy
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BBC
Senior Member
Alternatives for someone with FNB that might need immediate access to funds?
backstreetboy
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FNB doesn't have that anymore it's just the savings account now.
ah I still have it and use it from time to time
Mike Hoxbig
Honorary Master
There's Money Maximiser, but requires a high opening balance...
Money Maximiser
Benefit from high interest rates comparable to Money Market Funds, immediate access to your money and capital guaranteed
www.fnb.co.za
what % is that "money market rate" for interest isnt clearThere's Money Maximiser, but requires a high opening balance...
Money Maximiser
Benefit from high interest rates comparable to Money Market Funds, immediate access to your money and capital guaranteedwww.fnb.co.za
Mike Hoxbig
Honorary Master
It's effectively the repo rate. If your bond is paid up then this route makes sense for immediate access...