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BidSave account

Saving. Made Simple.
BidSave is the savings account that rewards you with great interest rates on a minimum balance of R50. Linked to the account is the BidSave card which can be used at millions of ATMs, stores and restaurants that display the Visa sign. If you transact on the account, you are charged from R12 up to a maximum of R67* (incl VAT), regardless of the number of transactions you make! With an account like this, you can only save.

  • Highly competitive interest rates
  • Pay up to a maximum of R67* (incl VAT) per month on BidSave account transaction fees.
  • Monthly administration fee of only R12 per month (included in the monthly maximum charges of R67*)
  • NO transaction fees charged on BidSave card purchases at South African stores and restaurants
  • FREE cash withdrawals at all Bidvest Bank ATMs
  • FREE internet banking subscription
  • Use the BidSave card worldwide at ATMs, stores, restaurants and hotels that display the Visa sign
  • Purchase and withdraw cash ('cash back') at selected retailers including Pick 'n Pay, Shoprite Checkers and PEP stores
  • Purchase fuel with the BidSave card at selected petrol stations
  • Available to children under the age of 16 years
*Over-the counter fees at the branch, declined/denied transaction fees and international transaction fees do not accumulate to the R67 maximum and are charged per transaction.
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BidSave interest rates
Effective 26 March 2010
R50 - R1000        0.25%
R1001 - R25000.55%
R2501 - R50001.05%
R5001 - R10 0001.25%
R10 001 - R25 0003.30%
R25 001 - R50 0005.00%
R50 001 - R250 0005.25%
R250 000 upwards5.35%
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