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Register

Enjoy the great benefits of our Grocery Stokvel Account

Now you and your friends can reap real benefits from your grocery stokvel as we partnered with Pick n Pay to help you get the best out of every rand spent.

Find your nearest branch

Earn discount for your group purchases.

You may qualify for the delivery benefit.

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
Exclusive benefits of the Grocery Stokvel Account
We have partnered with Pick n Pay to bring you the following additional benefits:

0.5 Pick n Pay Smart Shopper points for every R1 you spend. For example, if you spend R30 000 you get 15 000 Pick n Pay Smart Shopper points per purchase on groceries.

3% discount on all cash purchases you make.

A R500 Pick n Pay voucher when you spend a minimum of R30 000 per purchase on groceries.

Delivery within a 15km radius from the Pick n Pay store when you spend a minimum of R30 000 per purchase.

See the interest rates

for our Grocery Stokvel Account

R50 +

3,75%

Last reviewed on 11 December 2017

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:

Enjoy the great benefits of our Grocery Stokvel Account

Applying for a Grocery Stokvel Account

Features of the Grocery Stokvel Account

Exclusive benefits of the Grocery Stokvel Account

See the interest rates

for our Grocery Stokvel Account

Need more help?

0860 111 515

saving@absa.co.za