The Money Show with Bruce Whitfield

African Bank launches 'cheapest account in South Africa'

African Bank CEO Basani Maluleke. Picture: Radio 702.

African Bank has launched what it claims is the cheapest account in South Africa.

When we compare ourselves to the Solidarity Bank Charges Report methodology, MyWORLD is the cheapest transactional account in South Africa.

Basani Maluleke, CEO - African Bank

The MyWORLD account enables shared banking by allowing five subaccounts under the main account with no monthly fees on any of them.

Interest rates for positive balances range from 5.5% to 6.5%, the best in South Africa for these types of transactional accounts.

Click here to learn about African Bank’s MyWORLD account.

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