Start Saving
Flexible Savings Plan for South Africans - No Fees, No Lock-ins
Start Building Your Safety Net – From Just R25/month
Most South Africans don’t have even one month’s salary saved. That means when an emergency strikes, a car repair, a medical bill, or job loss, there's nothing to fall back on. But it doesn’t have to be that way.
The Meerkat Savings Plan is a flexible, no-fee savings account available to all South Africans, offered by MyMeerkat FSP (Pty) Ltd, an authorised financial services provider (FSP 50979) regulated by the FSCA
At Meerkat, we make saving simple, affordable, and rewarding.
- Start from just R25/month
- No fees, no lock-ins – access your money anytime
- Earn CPI + 1% interest on balances over R5k and grow your savings faster
- Stand a chance to win R1,000 every month
Whether you’re saving for a rainy day, a school uniform, or your future peace of mind - starting small is better than not starting at all.
“'Most South Africans have never been taught to save - not because they don't want to, but because the system wasn't built for them. We built Meerkat to change that." - David O'Brien, CEO & founder.
Why Choose Meerkat for Savings?
Individualised
Set your own goals, we’ll select the perfect savings vehicle, and track them using our tools.
Full Freedom
Withdraw your money whenever you need it within an instant - no contracts!
Pure Savings
No hidden fees or costs, save every cent you put in from as little as R25.
FAQ
How can we help you? Everything you need to know to start saving and generate wealth and plan for financial emergencies.
Is there a minimum amount needed to be able to save?
You can start saving from as little as R25 per month.
Will I have to pay a fee to withdraw my funds?
There are no fees or penalties when you want access to your money.
What return can I expect on my savings?
The Meerkat Liquid Fund targets a return of CPI + 1% per annum on balances above R5,000. This is designed to beat inflation and maintain the real value of your savings.
inflation.
Can I save while I am under debt review?
Yes. Meerkat encourages clients under debt review to build an emergency fund in parallel. There is no requirement to be debt-free to open a savings account.
How does the Save to Win prize draw work?
For every R100 you save, you receive one entry into Meerkat's monthly prize draw. The grand prize is R1,000 paid directly into your savings account. You can earn additional entries by referring friends.
How do I withdraw my savings?
You can request a withdrawal at any time through the Meerkat online portal - my.meerkat.co.za. Funds are transferred to your bank account without any penalty.
What is CPI+1% and why does it matter?
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Save to Win is like the lottery, except you can’t lose!
We’ve combined the habit of saving money with a chance to win cash prizes - the more you save with Meerkat, the more chances you earn to win! Even when you aren’t a winner, you’ve still grown your savings and are that much closer to reaching your goals.
