This is a savings account which allows companies, clubs/groups to save for longer periods of time ranging from 2 months to 12 months

with flexibility of frequent additional deposits into the account as well as an option to roll over at maturity at the prevailing competitive rates.

MetSave is ideal for individuals who want to save towards a specific project/ event.

Requirements for Business Account

  • CR14 and CR6
  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Copy IDs for all directors and signatories
  • Proof of residence for all directors and signatories
  • 2 Passport photos for all directors and directories
  • Properly completed account opening forms

The account can be opened same day while you wait in any of the following currencies:-

USD, ZAR, BWP, EUR and GBP

  • Initial investment amount - USD100
  • No maximum
  • Monthly service fee - nil
  • Early maturity charges - USD10 or 50% of accrued interest
  • Interest rates
  • USD101 – USD2500 = 2% pa
  • USD2501 – USD5000 = 3% pa
  • USD5001 – USD10000 = 4% pa
  • USD10000+ = 5% pa

Features:

  • Interest earning account
  • Interest calculated on a tiered basis from 2% to 5% per annum
  • No charges on account
  • Minimum tenure is 2 months; early withdrawals have penalty
  • Client chooses tenure (2 to 12 months)
  • Target market are companies, partnerships, clubs, churches, burial societies