In South Africa, the most trusted and leading name among banks is First National Bank (FNB). They have the largest nationwide network of FNB bank branches and provide services ranging from basic accounts to premium accounts to their customers. At FNB, you can be assured of finding an account that suits your criteria.
Customers can register a First National Bank Account if they want to put money away for the future while also earning interest on their deposits. Customers can opt to create a savings account at one of the over 650 branches available to them and take advantage of the convenience that comes with a savings account.
Revision of Interest Rates on FNB Savings Bank Deposits with effect from 26-05-2023
| Balance Band | Interest (per annum) | Effective Rate |
|---|---|---|
| R1 – R19 999 | 7.05% | 7.28% |
| R20 000 – R24 999 | 7.25% | 7.50% |
| R25 000 – R74 999 | 7.70% | 7.98% |
| R75 000 – R99 999 | 7.80% | 8.08% |
| R100 000+ | 7.80% | 8.08% |
Why Choose an FNB Savings Account?
First National Bank (FNB), through its branches both in South Africa and abroad, offers several financial products via its network, including savings accounts. Savings accounts come with various benefits and services that attract customers. One of the best features is that these accounts do not require a minimum balance and include amenities such as Automated Teller Machines (ATMs)/debit cards, internet banking, fnb credit cards, and mobile banking.
The bank has lots of FNB account types that one can go for. Some of the accounts include:
- FNB business account
- FNB savings account
- FNB student account
- FNB smart account
- FNB youth account
- FNB easy account
- FNB cheque account
- FNB premier cheque account
- FNB Platinum cheque account
Key Benefits of FNB Savings Account
The following are the key benefits of the Fnb savings account:
- Internet Banking, Mobile Banking, Cellphone Banking
- Transfer accounts to any FNB Branch without changing the account number
- Passbook issued free of charge
- eWallet
- Multicity cheques
- Safe Deposit lockers
- Nomination facility
- Personal Accident Insurance and car insurance is available at a nominal premium
- Multiple variants of ATM/Debit Cards like Gold Cards, International ATM/Debit Cards, etc.
Check our previously published article on How to Find Fnb Bank Account Number Online/Offline.
Additional Benefits
Here are some of the additional benefits of an FNB savings account:
- Mobile Banking provides a host of services like funds transfers, interbank mobile payment services, enquiry and Fnb Bank statements, chequebook requests, utility bill payments, mobile recharges, and M-Commerce.
- Some of the facilities of FNB Net Banking are opening and closing fixed deposits and transferring funds paying utility bills, online shopping, viewing statements and Demat operations, and setting standing instructions.
- The Debit card can be used for balance enquiry, withdrawing money, paying insurance premiums, shopping, donations, and card-to-card transfers.
How To Open an Online FNB Savings Account?
Follow the steps mentioned below to open a savings account online in First National Bank (FNB):
Step 1: Visit the official website of First National Bank (www.fnb.co.za)
Step 2: Under the ‘Accounts’ section, Tap on the ‘Savings Account’ option.
Step 3: Tap on the ‘Apply’ option.
Step 4: Enter the requested details such as your name, date of birth, address, etc., in the application form.
Step 5: Click on the ‘Submit’ option.
Step 6: Once this process is finished, go to the branch with the necessary documentation.
Step 7: FNB will initiate the verification process and activate your account within three to five business days.
Steps to Open Account in First National Bank (FNB) Offline
To open a Fnb savings account at any nearest Fnb Bank branch, customers will have to follow the steps mentioned below:
Step 1: Visit the nearest branch of FNB.
Step 2: Ask for a form to open a savings account.
Step 3: Fill out the form according to the specifications.
Step 4: Enter all the requested information and submit it along with relevant documents.
Step 5: Deposit a minimum amount of R100.
Step 6: Take your free passbook and chequebook once the process is completed.
Eligibility for First National Bank Account
To be eligible to open an account in First National Bank, customers need to meet certain criteria:
- Should be a citizen of South Africa.
- The individual should be 18 years and above to be eligible.
- In the case of minors, the parents or legal guardians of the minor can open the account on their behalf.
- The applicant is required to have a valid identity and address proof that is government-approved.
- Following approval from the bank, the applicant will have to make an initial deposit – depending on the minimum balance requirement of that particular savings account he/she has chosen.
FNB Account Helpline
For any help, grievance, or request related to the FNB Bank account, customers can contact the helpline at – 087 575 9404, 087 736 7001.
FAQs on Steps to Open FNB Account
It takes a total of three to five to get your FNB account activated.
Yes, FNB Bank provides an internet banking facility, which its users can use from the comfort of their homes.
Valid South African ID book/card. Proof of residential address (e.g. original council/telephone bill reflecting your parent’s, legal guardian’s, or your name and address) Foreign nationals will be required to present a work or study permit.
FNB offers no monthly account fees on Easy Zero and added benefits for its customers.
After the Fnb Bank account is opened, you can deposit money into your account, send money to another person’s account, and also avail the benefits of the bank’s interest.
Editorial Note: The information presented in this article is not provided by the First National Bank (FNB). The article has been created for educational purposes and is intended to be helpful for customers of the Bank. It should be emphasized that the content is not endorsed or validated by the Bank, and readers should refer to the official website for accurate and up-to-date information about the bank’s products and services.
Author
Hello friends, my name is RK Singh and I am an engineer. However, by profession, I am a blogger; I have a keen interest in the finance niche. My main goal in starting this blog is to solve the difficulties people face in using online banking, bank branch codes, debit cards, and credit cards. I am not affiliated with any bank or company. I strive to provide people with accurate information so that they can achieve their goals correctly. If you still have any queries, please feel free to follow my social media accounts listed below and ask questions without hesitation. Thanks.
For More Information, Please Follow Me On Social Media.