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

  • 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:

    • 1 Pick n Pay Smart Shopper points for every R2 you spend. For example, if you spend R30 000 you get 15 000 Pick n Pay Smart Shopper points per purchase on groceries
    • Get your groceries packed for you based on the number of members in your Stokvel
    • 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:

saving@absa.co.za