PureSave Account for your child
Let your child’s savings adventure begin. With our kids' savings account, they’ll watch their money grow, earn interest, and have fun learning to save—plus, there are no fees.
Zero
monthly admin fee
5.05%
earn interest up to
PureSave interest rates for under 18
See how much interest your child can earn depending on their balance
Why your kids need their own savings account
Promotes independence
Kids can learn healthy financial habits through saving and budgeting
Goal setting
Your child will be encouraged to set and achieve financial goals, like saving for a toy or a special treat
Financial responsibility
The PureSave Account can also be used to transact, so your child can learn how to spend responsibly
Parental oversight
You can track and guide your child’s saving habits
What you get
- Savings account that enables your child to earn interest
- Full control over your child’s account as it is linked to your banking profile
- Your child can access their savings without any penalties
- Gold debit card that your child can use to transact
- 3 Free ATM cash deposits per month
PureSave terms and conditions
General terms and conditions
What it costs
- No minimum opening balance
- No monthly management fees
How to get it
As the parent or guardian, you can open a savings account for your kids via:
Online Banking:
- Sign into your Online Banking profile
- Navigate to the Save & Invest tab and click on the browse button
- Scroll down until you see the PureSave Savings tile
- Click on Get Account and complete the steps
Banking App:
- Sign into your app
- Tap on the More tile
- Select Open a new account
- Tap on Savings and Investment
- Scroll down until you see the PureSave Savings tile and tap on it
- Click Open and complete the steps
Apply at your nearest branch with the following documents:
- ID copy of the parent or guardian (or passport if not an SA citizen)
- Proof of residence not older than 3 months
-
What you get
-
What it costs
-
How to get it
- Savings account that enables your child to earn interest
- Full control over your child’s account as it is linked to your banking profile
- Your child can access their savings without any penalties
- Gold debit card that your child can use to transact
- 3 Free ATM cash deposits per month
PureSave terms and conditions
General terms and conditions
- No minimum opening balance
- No monthly management fees
As the parent or guardian, you can open a savings account for your kids via:
Online Banking:
- Sign into your Online Banking profile
- Navigate to the Save & Invest tab and click on the browse button
- Scroll down until you see the PureSave Savings tile
- Click on Get Account and complete the steps
Banking App:
- Sign into your app
- Tap on the More tile
- Select Open a new account
- Tap on Savings and Investment
- Scroll down until you see the PureSave Savings tile and tap on it
- Click Open and complete the steps
Apply at your nearest branch with the following documents:
- ID copy of the parent or guardian (or passport if not an SA citizen)
- Proof of residence not older than 3 months
Teach your kids the value of saving
Lifestyle
Everyday activities to teach kids financial literacy
Good money habits start with understanding money, and the earlier that foundation is set, the sooner those habits can take root. To foster financial independence and set children up for financial success later in life, it’s crucial to teach them basic financial skills that will help them grow their financial literacy.
Lifestyle
How to teach your child the value of money
Teaching your kids about money to help them understand the value of delaying gratification and saving will establish the foundations for a financially fit future.
Lifestyle
Learn to work: The value of family chores
In an ideal world, all it would take to get your kids to complete basic household tasks would be a polite request or perhaps an entreaty to their shared sense of family responsibility and duty if they’re being particularly difficult. In the real world, however, most kids require a little more material encouragement to develop a good work ethic and get their chores done.
