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Useful information
R21
16-21 year olds get their
very own bank account
Need somewhere to put the pay from your job? Or simply looking to control of your cash?
R21 could help. It's a bank account that doesn't just help you stay on top of your finances, it also helps you save lots of money.
- Cards and money - Over 18? You could apply for a debit card, credit card and an overdraft.
- Withdraw your cash - can get your money from over 1 million cash machines worldwide. Just look out for the Cirrus or MasterCard logo - it's as easy as that.
- Earn interest - see your money grow each month.
| Amount | Gross rate % | AER % |
|---|---|---|
| Any amount | 2.25 | 2.27 |
Gross rate
Gross rate - is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER)
Annual Equivalent Rate (AER) - illustrates what the interest rate would be if paid and compounded each year.
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