| ORDINARY SAVINGS ACCOUNT |
| This is the ideal account for smaller balances, incoming salary credits and periodic fixed deposit interest and dividend payments. There is a minimum balance requirement of R200, and interest is credited at year end. |
| SPECIAL SAVINGS ACCOUNT |
| This type of account caters for larger balances at stepped interest rates. It is ideal for trust and estate monies and those accounts which cannot be committed to a fixed-term investment. There is a minimum balance requirement of R500, and interest is credited monthly. |
| SUPER SAVER ACCOUNT |
No charges whatsoever, minimum balance of R200, attracts a favorable rate of interest. An ideal means of accumulating capital, savings for holidays, overseas trips, and for children and grandchildren. |
| TRANSMISSION ACCOUNT |
| All the advantages of an ordinary savings account with stop order and cheque facilities in favour of third parties. A cost-effective alternative to a cheque book. There is a minimum balance requirement of R200, and interest is credited at year end. |
| BUSINESS TRANSMISSION ACCOUNT |
The Business Transmission Account is a specialised Transmission Account, with charges raised on each individual cheque according to the amount of the cheque. This account provides a saving on Service Fees for the client who draws a large number of cheques. |
| ONE DAY NOTICE ACCOUNT |
| The One Day Notice Account is ideal for larger balances which need to be available within a short time. Funds can be withdrawn at any time subject to 24 hours notice of intent being given to the Bank. The interest rate on this account is stepped according to the balance. Minimum investment is R 5,000. |
| THIRTY TWO DAY NOTICE ACCOUNT |
| Keep your money accessible while earning top interest rates. An ideal way for both businesses and individuals to build up funds for future expenses such as tax, overseas travel, property purchases and other capital expenditure. Highly suited to attorneys' trust fund accounts. Interest is capitalised on a monthly basis. Minimum investment is R 10,000. |
| FIXED PERIOD SHARES |
| An ideal longer-term investment at superior rates. Investment period is 60 months with a guaranteed fixed rate. The best way of protecting your investment income during declines in the rate cycle. Dividends will be paid either monthly or six-monthly at the end of February and August each year (This will start as from August 2008. The nature of the investment precludes early redemption or short loan facilities. Minimum invesment amount is R 5,000. |
| INDEFINITE PERIOD PAID-UP SHARES |
An indefinite period type of investment at nominally higher than fixed deposit rates. Minimum investment period is 15 months with three month's notice of redemption required at any stage thereafter. Rate fluctuates according to prevailing interest rate patterns and, in the event of a drop at any stage, clients may redeem their investment during the notice month. The ideal type of investment during rising rate cycles and for clients who want a high return without committing themselves to a fixed rate. Dividends will be paid either monthly or six-monthly at the end of February and August each year (This will start as from August 2008. Minimum investment amount is R 3,000. Short loan facilities are available. |
| SUBSCRIPTION SHARES |
Similar to permanent shares but geared towards a monthly subscription starting from as little as R 50 per month. Maturity dates of between 36 and 240 months can be selected. Dividends are capitalised on an annual basis so that the effect of compound interest works heavily in your favour. Redemption notice of three months can be given at any stage after the first 15 months have elapsed. Term can be extended, at maturity, for between 12 and 36 months at a time. This product, unique to the GBS, is the best savings plan on the market. Short loan facilities are available.
|
| SHORT-TERM FIXED DEPOSITS |
Earn a good fixed rate on your money for a short period. Ideal for when funds are going to be required on a predetermined date. Interest can be paid monthly on large deposits, but clients are usually advised to wait until maturity. Minimum amount is R 5,000 |
| LONG-TERM FIXED DEPOSITS |
One of our most popular products - get the best rate on your capital. Ideal for pensioners and retired folk who need a high, guaranteed, rate of return. Short loan facilities are available. Can be redeemed with one month's notice after 11 months have lapsed. Interest can be paid monthly, quarterly, half-yearly or annually. Minimum amount is R 5,000 |
| MORTGAGE BONDS |
Variable and fixed interest mortgage finance on dwellings, sectional title units and commercial properties. Repayment terms of up to 20 years |
| PERSONAL LOANS |
Fully secured against bank deposits and surrender values of insurance policies for existing clients only - repayment terms of up to 60 months. Bridging loan facilities available against GBS Mutual Bank bonds awaiting registration. Home improvement and travel loan options also available |
| INVESTMENT LOANS |
Available against the security of any GBS Mutual Bank term investment accounts with exception to fixed period shares. Reasonable rates of interest charged and flexible repayment arrangements. |
| INSTALMENTS SALES AND RENTALS |
The GBS Mutual bank also offers financing for items such as vehicles, as well as a rentals scheme for items such as office equipment |
|