Savings Account

Savings that work so you don't have to

Earn up to 7% interest, withdraw anytime, track interest in real time, and stand to win monthly cash prizes.

Woman opening her savings account
Franc savings account dashboardFranc savings illustration

savings account

We help you save towards what matters

Earn competitive returns with instant access to your cash, prize boosts for consistent saving, and automated tools that keep you on track.

Save to win

Save to win illustration

Earn chances to win monthly cash prizes every time you save. You earn an entry with every rand saved, so the more you save, the more chance you have to win.

Live interest tracker

Live interest tracker illustration

Watch your savings grow in real-time with our live interest tracker. See exactly how much interest you're earning daily, calculated and paid monthly.

No lock ins

No lock ins illustration

Save with confidence knowing your money remains accessible when you need it, giving you flexibility without locking your funds away.

Start saving now

start saving

Opening a savings account has never been easier

1

Open a Savings Account

Open your Franc account in minutes and select Savings Account to get started.
Selecting Savings Account option
2

Decide how much to contribute

Choose how much to save or we can help you calculate how much you need to save to reach a specific target.
Setting savings target or regular saving
3

Make your first deposit

Start saving using instant in-app payments, a standard EFT or through an ATM. It's simple, secure and takes just a few taps.
Depositing money into Franc account
Budget Calculator

Find more budget to save

Our budget calculator helps you understand where your money's going, and how to make space for saving, investing and living well.

Savings account vs banks

How the Franc Savings Account compares to traditional bank savings accounts

See how the Franc Savings Account offers simple, transparent saving with no catches.

FeaturesBank Savings AccountFranc Savings Account
Interest structureOften tiered depending on minimum balances, notice periods, or time in accountFixed interest rate with no catch or minimums
Lock-ins or notice periodsRequire 7-32 days' notice or restrict withdrawals to earn the full rateNo lock-ins - access your money instantly
Ease of accessLinked to transactional accounts - easy to dip into savingsSeparate from bank account, helping you stay disciplined
Interest trackingUsually reflected monthlyLive interest tracker shows real-time growth

Regulated by the FSCA

Franc is an authorised Financial Services Provider (No. 49998), regulated by the Financial Services Conduct Authority (FSCA).

Protected by law

Your investments are held with licensed providers in your name and governed by the Collective Investment Schemes Control Act.

Bank-level security

We are a registered with the Financial Intelligence Center (FIC) and use advanced technology to keep your money and personal information safe.

Savings Account

Frequently asked questions

  • The Franc Savings Account is powered by the Allan Gray Money Market Fund, a very low-risk fund that targets returns higher than a bank deposit while keeping your money easily accessible.

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Franc - Savings Account