VBS Mutual Bank products and services

		SAVINGS PRODUCTS Debit Card Savings Products Classic VISA Debit Card Mathomo VISA Debit Card Rates / Charges TARGET SAVE - "make your dreams come true"  A term savings plan over 6, 12, 18 or 24 months  Save monthly at very low fees and a competitive interest rate Transfer funds to your TARGET save account monthly from an account in VBS or from your account at any other Bank  Your interest will be capitalized monthly. Save for that: • Deposit for a car or house • School or University fees in January • TV or Furniture • Christmas period needs  At the end of your savings term your capital and interest will be paid into the account of your choice Rates / Charges GROUP SAVE  Monthly collective savings with low fees and interest on your Group account that gets better as the balance grows  Opening balance only R10  Ideal for STOKVELS, Savings Clubs, Associations, Burial Societies, School accounts, Church Accounts and any other type of Group  The Group will be issued with a folder with free statements every time you make a deposit  This product caters for Companies, Closed Corporations and Partnerships as well  What we need: • Your Group’s founding statement • ID Documents for all authorized officials which may act on behalf of the Group Rates / Charges
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		SHARE INVESTMENTS Indefinite Period Shares * This product forms part of the shareholding structure of VBS Mutual Bank. * Apart from receiving competitive interest rates, the client is also part-owner of the Bank and entitled to vote at Shareholders’ meetings. * The investment is indefinite in nature but on special circumstances may be redeemed by the Bank after 18 months subject to a six month notice period or on application by a customer subject to a three months notice period. * Dividends accrue monthly are paid out half-yearly on March and September. * Investments are made in multiples to R10, with the minimum investment amount being R1000. Rates / Charges
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		FIXED AND NOTICE DEPOSITS Fixed Deposits - "… protect your nest egg!" FIXED DEPOSIT 6, 12 OR 24 MONTHS • Low cost investment product with an excellent interest rate • Your capital remains the same over the term of your investment • You can instruct us to pay your investment interest out monthly into another VBS account or into an account at any other Bank • You also have the option to receive your capital invested and your interest at the end of your investment term • Minimum Investment amount R 500 • Deposits are FREE • Bring your ID document and proof of residence and visit our branch for fast and friendly service Rates / Charges Notice Deposits - "a smart way to invest!" GROUP NOTICE DEPOSIT • Low cost Group Investment product at rates that get better the more your Group invests • You can add as many deposits to your investments as you like • We will provide a folder with free statements every time the Group makes a deposit • Minimum investment amount to open an account only R10 and FREE deposits • Interest is capitalized monthly—your Group will earn interest on interest! • Ideal for STOKVELS, Savings Clubs, Associations, Burial Societies, School or Church investment accounts and any other type of Group INDIVIDUAL NOTICE DEPOSIT • Low cost Investment product at rates that get better the more you invest • You can add as many deposits to your investments as you like • We will provide a folder with free statements every time you make a deposit • Minimum investment amount to open an account R1,000 • You have the option of having the Bank pay your investment interest into an account of your choice—a VBS or an account at any other Bank Rates / Charges
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		MORTGAGE LOANS * Mortgage loans are available to approved clients, and may be applied for to: o Purchase or build a house. o Increase existing Bonds to extend / add to a house o Take over Bonds at other financial institution. Qualification Criteria / Documents required o Contact any Branch - clients will be provided with a complete list of documentation required with the Bond application. Application Form Rates / Charges
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		PERSONAL LOANS * The Bank advances Short Term Loans up to R14,500 * Repayment is done through internal debit orders for VBS clients or bank accounts with other financial institutions. * The Bank is a registered member of the National Credit Regulator and ascribes to its rules and regulations. * Loans are granted subject to credit clearance and minimum take-home pay limits. Qualification Criteria / Documents required o Completed application form. o Last 3 months banks statements. o Copy of applicant’s ID. o Copy of applicant’s salary advice. o Letter from employer to confirm employment. Application Forms Rates / Charges

		INVESTMENT LOANS * Clients invested in the following products in VBS Mutual Bank will be allowed to apply for an Investment Loan: -Fixed Dep. -32 Day Notice -Indefinite Period Shares * Up to 75 % of the Investment value may be advanced * Clients will be required to sign a cession to the Bank in terms of the investment serving as security against the loan. Rates / Charges