To save money for emergencies, you need a flexible, low-risk savings plan that you can access when life happens. Meerkat’s savings solution offers exactly that: daily interest, CPI+1% on balances over R5,000, freedom to withdraw, and monthly prize draws where you could win R1,000 back into your savings.
Emergencies don’t send a warning. One day, your car won’t start. Next, a family member needs urgent medical help. These moments are stressful, but having money set aside can make a huge difference. It’s called an emergency fund, and every South African needs one.
But saving isn’t always easy, especially when you’re living month to month. And locking your money into long-term investments or accounts with penalties can be risky if you need access urgently.
So, how can you save money for emergencies with flexible withdrawals?
Let’s break it down.
A proper emergency fund needs to tick three boxes:
Many traditional savings accounts don’t offer this mix.
That’s why Meerkat created a savings plan that does.
Some bank accounts lock your money away or charge fees for accessing it early. That’s the opposite of what an emergency fund should do.
With Meerkat’s Savings Plan, you get:
✅ Flexible access to your money
✅ No withdrawal penalties
✅ CPI + 1% return on balances over R5,000
✅ Monthly prize draw entries for every R100 saved
Now that’s smart, flexible saving.
We believe good financial habits should be rewarded. That’s why for every R100 you save, you get one entry into our monthly prize draw.
You could win our grand prize draw of R1000 back into your savings plan or one of our smaller prizes. AND, when you refer a friend, and they start saving, you both receive a ticket for every R100 they save (up to a maximum of 3 tickets for your friend).
It’s our way of celebrating your progress, even the small wins.
Unlike most savings accounts that barely keep up with inflation, Meerkat rewards long-term savers. If your balance is over R5,000, you’ll earn:
CPI + 1% interest annually
This means your money isn’t just sitting, it’s growing above inflation, giving you real returns while still keeping your funds flexible and accessible.
Start small, you can start from just R25 per month
Here’s what you get:
It’s designed to help you save even when money is tight.
Start with what you can, ideally R100 to R500/month is a great beginning. Over time, build up enough to cover at least 1–3 months of expenses.
Every rand counts. And with Meerkat, every R100 gives you a chance to win even more
We’re not a bank. We’re not here to judge. We’re your financial wellness partner.
Whether you’re getting out of debt or saving for life’s curveballs, our Savings Plan helps you:
Start Saving (and Winning) with Meerkat -start your plan now>>