Botswana Building Society (“BBS”), led by its Managing Director Mr. Pius Komane Molefe, has been consulting Members across the country on the plan to commercialise BBS.
Special Savings Account
“Special” because they offer a higher rate of interest.
Features of special Savings Account
Minimum balance BWP500.00
Interest is also calculated on the daily balance and payable on a quarter yearly basis:
- P500.00 to P5000.00 0.50%
- P5001.00 to P10000.00 0.65%
- P10001.00 to P50000.00 0.75%
- Above P50000.00 1.00%
- Withdrawals- twice per month
- Has no ATM facility
- Attracts maintenance fee of P22.40 VAT inclusive
Who may operate Savings Accounts?
All Savings Accounts may be operated by any person over the age of 16, clubs, companies, associations, partnerships, deceased estates, trust funds and others.