Saving for groceries with a group of people is easy with a Grocery Club Account.

Find your nearest branch

  • Applying for a Grocery Stokvel Account

    Head down to your nearest branch, and take the following documents with you:

    • The IDs of three elected group members who will act as signatories 
    • Proof of residence for three members (not older than three months)
    • Your initial R50 investment to open your account

  • Features of the Grocery Stokvel Account

    • All you need is an initial deposit of R50 to open your account
    • Enjoy a competitive interest rate
    • You pay no monthly management fees

See the interest rates

for our Grocery Stokvel Account
Balance Tier Rate
0.01 - 9 999 999 999 999.99 0.50%

Last reviewed on 24 August 2021

All interest rates are expressed as a percentage per annum and are indicative rates subject to change.

 

Need more help?

Let one of our consultants help you get the best account for your needs.

Call us on:

0860 111 515

Email us at:

saving@absa.co.za