TymeBank & Launches Goal Save facility

July is Savings Month in South Africa, and this year I’ve decided that I really need to educate myself and my kids more about saving.  I’ve always been a spender as opposed to a saver, but with the current economic situation in the country I need to make a change.  A healthier financial situation can only be good for me and my health, and I will be happier for it.  It’s time to find my fit in finances with TymeBank and their GoalSave facility.

TymeBank is the New Kid on the Block

TymeBank is the first digital bank in South Africa.  This new kid on the block is making banking easier and more affordable than ever before. 

You only need your cellphone number and ID number to open an account. The entire process from opening your account to having your card in your hand, takes 5 minutes (tried, tested and confirmed).  The process was seamless and exactly as advertised. It’s available at TymeBank kiosks in Pick n Pay or Boxer stores, online or on the app.

Open a TymeBank account in just 5 minutes

Set goals, save and smash them

Goal setting is my way of life, I just wonder why it’s never translated to my financesfinances.  As a single mom, saving isn’t always easy, but I’ve decided to start small.  Starting small however doesn’t mean I don’t have big dreams. Dreams are something you just think about, but it’s time to turn those big dreams into goals.  Goals require action, and seeing as I’m all about action, it’s time to kick things into gear. My first step was to open a TymeBank account as you can see in the video above.

TymeBank GoalSave

TymeBank allows you to create up to 10 TymeBank GoalSaves.  GoalSave gives you complete control of your money. You can create up to 10 different savings goals, give each GoalSave a name (e.g. vacation, family holiday, camera, killer heels), and earn a great interest rate, with no restrictions, fees or penalties. I’m starting off with 4 GoalSave accounts. The GoalSave tool makes it easy to reach your dreams goals.  You can add money to your GoalSaves as often as you like up to a maximum of R100 000 in total across your GoalSaves.  Yes, you heard right, you win from the very first day, but wait … there are more perks. 

  • Earn up to 10% interest per year after just 3 months*
  • Pay no fees
  • Get instant access to your money, without any penalties
  • No minimum amount, so you can start saving with what you have
  • No debit orders can come off your GoalSave, so it’s a safe place to keep your money
  • If you give 10 days’ notice, TymeBank will give you a bonus on top of your money and interest you’ve already earned.

*6% interest from day 1, 7% after 30 days, 9% after 90 days. If you give 10 days’ notice after 90 days you can earn as much as 10%

But wait, there’s more

Double Smart Shopper Points. Your TymeBank card earns you Smart Shopper points wherever you shop and double Smart Shopper points when you swipe and pay at Pick n Pay. Can we collectively say, “Goals” ?

Follow my Instagram account over the next 2 weeks to find our what my goals are and how we will be making use of TymeBank’s GoalSave facility to find our fit in financesfinances.

Sign up now on www.tymebank.co.za to open your account, or use the convenient kiosks located in over 700 Pick n Pay and Boxer stores nationwide.  There’s never been an easier way to bank.

Don’t forget to follow our journey as we get our savings on, so we can achieve those goals that will see us live our best lives.


  1. I opened my TymeBank account purely for saving. I want to an international trip when I reach 40, 6 years to save lol

    1. Author

      With their interest rate you will be in the pounds seat 😅

  2. I opened my TymeBank account purely for savings. I want to go on an International trip when I reach the Big 40, 6 years to save lol

    1. Author

      Yay for GoalSave … where u going to

  3. Interesting new concept!

  4. Can I withdraw R15000 using tyme bank card at boxer or pnp?

    1. Author

      You can withdraw. Would depend on cashflow in store

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