The best way is after you have withdrawn, reopen the goal save and put R1 in it so that when you come back and deposit the money, the interest will have accumilated and your deposit will start at a high interest.
You know when they say God will send the right people at the right time(when you need them)...I made it a point to learn more about finances this year and I came across a video of yours earlier this year and I am forever grateful❤
Thanks Jean for your financial motivational presentation it's a wake-up call and action to be taken in 2025 yr the earlier the better. Enjoy your savings on this2024 festival holidays. And God's blessings and Protection I declare on His name 🙏
I’ve never used my bank card for transactions but I can send money to a beneficiary🤔, interesting. I think They were smart with the goal withdrawal coz you think twice before tapping into your savings
Hi Jennifer I really love your financial content because it relatable and you simplify it beautifully, I don’t have time bank as yet but I am looking forward to have one.
Hi Jenn Great to be here as always! Please consider doing a "festive season spending" video as we are approaching a time when we have a urge to spend (Christmas clothes, food, sending money home etc) and end up blowing up all our hard earned money
When you create ur main goal save u create two others with like R20 each so u can transfer to the R20 one and have the interest back at original if u withdraw from the main... that's what I do
Jenn, I just wanna say thank you, wish I met you earlier…. I have managed to pay off all my debts….thank you for the motivation, I am working on fully funding my Emergency Fund on Tyme bank. I will come back and testify
I love tyme investment account. The only thing that bores is that it doesn't allow a partial withdrawal , so you withdraw the whole, take what you need then put the rest back. That affects the period of investment, you start from stretch
Hello I just dropped by your video and I'll say that this bank, we have it here in the Philippines too and is called GoTyme Bank where they collaborated with the Gokongwei Group. I liked how easy it is to open an account and the way I can print my card on Kiosks :D
Yohhhhh saving money on Capitec is okay if not looking at making some interest while you are saving. Tyme Bank has really been interesting how easy they make it to save and make interest.
@@JennNxumalo You are definitely right about Capitec and no interest. But their flexi fixed account is good if you struggle to save and always want to take it out. You can put in money and only be able to withdraw at the pre-agreed date. It is a good starting point to locking down savings habit.
Thanx for this, there was a time I tried getting money from one of mh goal saves and kept getting a msg, I didn't understand🙊 but just left it as is luckily I was not desperate. I kept on postponing on trying to understand how it works.
Thanks Jenn for information, what I want to know how much is the fee when I am transferring from tyme bank to a non tyme bank account? I am new here but I love your channel
I have reached the maximum amount for a goal save with a significant amount of interest. Would you advise I divide the goal save to maybe 5 goal save and will it not disturb the interest I have already accumulated?
Congratulations first of all 🥳🎊 that is a great pool of savings. If you want to split your goal to various ones means you will have to disturb your interest because you will have to withdraw from the goal save to your everyday account and then create goals again. You will not loose your interest but you will disturb it.
I didn’t know that they require you to withdraw the whole amount even if you wanted half the money. That really sucks. I have one goal for everything and I’m gonna use half the money now in October. Thank you for sharing
I learned when I started as well, it sucks cz you disturb your interest every time you withdraw. Better that you split your goals to specific goals that you have.
create many goals, and put in little so that when you withdraw from your main goal you can deposit the extra you don't want to withdraw in the next goal. that way you don't have to start a new goal from scratch
It can be overwhelming, how I do it is by focusing on gaining knowledge on the thing I am working on at that time. Over time I accumulate so much information and knowledge by pacing myself.
Hi Jennifer can you just clear something for me. If I only want to use the goalsave and not interested in the other features like sending money or being able to shop, it’s not necessary for me to have the account active right?
Yes its not necessary to have it active. The only limitation it will have is when you want to withdraw money and do an immediate transfer. But for normal transfers you will need the account to be active.
Hello Jenn, quick question. What if you don’t use the account for 6 months on stores you’re only using it for saving for something big and withdraw after the 6 months is that possible?
💐❤️yes, yenza ama goal save akho abe maningi, ingabi yodwa kuze uzothola interest kwanye ama goals as well. Kodwa ungawenzi abe maningi if imali isese ncane.
What I am struggling to understand with the Goalsave is , is the interest calculated on the initial amount or what is in the account especially when you keep adding money to it?
Yes you can, under Everyday Account, you get the option for bank statements, so long as you have had transactions you can be able to access it. It does not look like most traditional banks’ statements but it has an address.
Hi. What about depositing money into my Tyme bank account first time is free and over R1000 it charges R7 but what about if l want to deposit less than R1000 how much is it?
@@moworld2102 @Ngaoko once you reach the 100K limit it doesn't allow you to go over that but you continue to use ur daily savings account and not the goal save.
Hi! Xola, Yes you won’t be able to put more but it will continue to earn you more interest. But someone commented on this video that they allow for more than R100000 now, but can’t confirm this.
Hy I opened an account after watching your first video I must say I’m so impressed within 5 days I notices 7 cent into my goal save account decided to put more money will come back after a month I want to see where it takes me
I’ve never used my bank card for transactions but I can send money to a beneficiary🤔, interesting. I think They were smart with the goal withdrawal coz you think twice before tapping into your savings
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The best way is after you have withdrawn, reopen the goal save and put R1 in it so that when you come back and deposit the money, the interest will have accumilated and your deposit will start at a high interest.
Great idea, thank you for that 👌🏿
At first I did not get what you mean. Then the penny dropped. I am going to do this now!
Yes I also did that 😅😅😅
You know when they say God will send the right people at the right time(when you need them)...I made it a point to learn more about finances this year and I came across a video of yours earlier this year and I am forever grateful❤
Indeed, its amazing what I have learned from you guys here as well. I am so happy to have built this community 💐❤️
Couldn't agree with you more Tebogo. People pay for such information and we're getting it free. God bless you Jenn 🕯️
Thanks Jean for your financial motivational presentation it's a wake-up call and action to be taken in 2025 yr the earlier the better. Enjoy your savings on this2024 festival holidays. And God's blessings and Protection I declare on His name 🙏
So informative and simplified thanks Jennifer. Am not with Tyme bank yet but looking forward to try them out soon
Thank you, its a great bank 🏦
I’ve never used my bank card for transactions but I can send money to a beneficiary🤔, interesting. I think They were smart with the goal withdrawal coz you think twice before tapping into your savings
Exactly, it helps a lot to keep disciplined and to withdraw because you really need the money.
Hi Jennifer I really love your financial content because it relatable and you simplify it beautifully, I don’t have time bank as yet but I am looking forward to have one.
❤️🥰thank you, you will love it. Unlike other bank accounts it does not have ridiculous interest rate which is great.
You are spot on regarding the savings account withdrawal. I hate it and hope Tymebank does something about it.
I love that they’re always making improvements and they listen to their people.
congratulations on 10,000 subs.....well done sesi
Many many thanks sis’wami 🙏🏾💐
I've opened up 2 life goals, and I split funds 2 ways ...the interests are growing and making progress
That’s great, enjoy seeing your money grow 👌🏿
How good is discovery bank ?
Is it reliable, and does it have good benefits?
Hi Jenn
Great to be here as always!
Please consider doing a "festive season spending" video as we are approaching a time when we have a urge to spend (Christmas clothes, food, sending money home etc) and end up blowing up all our hard earned money
Hi! Bee, that us a great idea, I will look into how I can present the video. ❤️❤️
When you create ur main goal save u create two others with like R20 each so u can transfer to the R20 one and have the interest back at original if u withdraw from the main... that's what I do
I went to my app to try and do that, it was not possible or maybe I did not understand.
Jenn, I just wanna say thank you, wish I met you earlier…. I have managed to pay off all my debts….thank you for the motivation, I am working on fully funding my Emergency Fund on Tyme bank. I will come back and testify
Congratulations on paying off all your debts. Such exciting news. You fully fund your emergency fund.🤌🏽
I love tyme investment account. The only thing that bores is that it doesn't allow a partial withdrawal , so you withdraw the whole, take what you need then put the rest back. That affects the period of investment, you start from stretch
That is the part I dont like as well 😔
Hello I just dropped by your video and I'll say that this bank, we have it here in the Philippines too and is called GoTyme Bank where they collaborated with the Gokongwei Group. I liked how easy it is to open an account and the way I can print my card on Kiosks :D
It is such a convenient bank account and less fees. I like that other countries have it also.
@@JennNxumalo Yes it has expanded here in the Philippines and we can earn points everytime we shop :D
Thanks for this video. I was thinking of moving my emergency fund from Capitec to Tyme when I reach 10k, I'm definitely going to give it a try
Yohhhhh saving money on Capitec is okay if not looking at making some interest while you are saving. Tyme Bank has really been interesting how easy they make it to save and make interest.
@@JennNxumalo You are definitely right about Capitec and no interest. But their flexi fixed account is good if you struggle to save and always want to take it out. You can put in money and only be able to withdraw at the pre-agreed date. It is a good starting point to locking down savings habit.
Siyabonga ukusivula amehlo
Thanx for this, there was a time I tried getting money from one of mh goal saves and kept getting a msg, I didn't understand🙊 but just left it as is luckily I was not desperate. I kept on postponing on trying to understand how it works.
Lol it worked out ke ca your money kept accumulating more interest, which is great 😊
Thanks for information. Can you please do a review of Discovery
Thank you 🙏🏾, I only do reviews or updates on platforms I use.
❤Thanks for sharing this information Jenn,,,very very useful
Glad it was helpful!🤗
Thanks Jenn for information, what I want to know how much is the fee when I am transferring from tyme bank to a non tyme bank account? I am new here but I love your channel
I think the Goal save accounts are meant for "goals" - as in sinking funds. Not just for saving for the sake of saving
Exactly, you need to attach a goal (purpose to it).
I have reached the maximum amount for a goal save with a significant amount of interest. Would you advise I divide the goal save to maybe 5 goal save and will it not disturb the interest I have already accumulated?
Congratulations first of all 🥳🎊 that is a great pool of savings. If you want to split your goal to various ones means you will have to disturb your interest because you will have to withdraw from the goal save to your everyday account and then create goals again. You will not loose your interest but you will disturb it.
I didn’t know that they require you to withdraw the whole amount even if you wanted half the money. That really sucks. I have one goal for everything and I’m gonna use half the money now in October. Thank you for sharing
I learned when I started as well, it sucks cz you disturb your interest every time you withdraw. Better that you split your goals to specific goals that you have.
create many goals, and put in little so that when you withdraw from your main goal you can deposit the extra you don't want to withdraw in the next goal. that way you don't have to start a new goal from scratch
❤❤❤Thank you so much for sharing such information. I love to watch my money grow❤❤❤
I wanted to create an account TymeBank on phone so how I may going to get the cart ?
Learning about money is so important but at the same time it's tiring.
It can be overwhelming, how I do it is by focusing on gaining knowledge on the thing I am working on at that time. Over time I accumulate so much information and knowledge by pacing myself.
Hi Jennifer can you just clear something for me. If I only want to use the goalsave and not interested in the other features like sending money or being able to shop, it’s not necessary for me to have the account active right?
Yes its not necessary to have it active. The only limitation it will have is when you want to withdraw money and do an immediate transfer. But for normal transfers you will need the account to be active.
Hello Jenn, quick question. What if you don’t use the account for 6 months on stores you’re only using it for saving for something big and withdraw after the 6 months is that possible?
Ngicela mina cc ungichazele ngesizulu plz nginawo but ngino goal saver owodwa manje ngizwe uthi kumele babe baningi angazi noma ngizwe kahle yini
💐❤️yes, yenza ama goal save akho abe maningi, ingabi yodwa kuze uzothola interest kwanye ama goals as well. Kodwa ungawenzi abe maningi if imali isese ncane.
Ngabonga kakhulu cc ngempendulo yakho nginombuzo wesibili lana if ngina R70 thousands kwiGoal yami ngingakwazi yini ukuyicaza kathathu or kabili.angeke yini interest yami iphazamiseke ?
Izophazamiseka cc as asho kut uma uyikhipha kuphazamisa I interest.
Okungakusiza kut uvule amanye ama savings goal
What I am struggling to understand with the Goalsave is , is the interest calculated on the initial amount or what is in the account especially when you keep adding money to it?
Interest is calculated on the money the money in the goal save. The more money you put in the more interest you get.
Hey,how do you print out a statement that shows your address using Tymebank.
Im having trouble
Yes you can, under Everyday Account, you get the option for bank statements, so long as you have had transactions you can be able to access it. It does not look like most traditional banks’ statements but it has an address.
Hi cc can you make monthly deposits on your goals?
What I would like to know is that if I can deposit money into a fixed deposit every month towards savings
I don’t think you can add on the fixed deposit, you will have to create another fixed deposit.
This was very information. Thanks for sharing
Thank you 💐❤️
I just came to watch your old videos while waiting for you to post again and bam, new post a minute ago🥺
😊❤️💐 thank you so much
Can you open a fixed account we're you only deposit for a period of time before you can withdraw??
You can only fixed the amount that you have saved, unfortunately you can’t add on a fixed account.
This was very informative thank you ❤️ , is it allowed to send someone to collect your bank card?
Hi! I am not sure because you do the card at the kiosk and get it same time.
Hi.
What about depositing money into my Tyme bank account first time is free and over R1000 it charges R7 but what about if l want to deposit less than R1000 how much is it?
Honestly, I do not know about such charges. I only know the EFT ones. Better to deposit money through EFT than at Pick n Pay.
I forgot about the saving limit 😢😢 recently found out the hard way
But that is a good thing cs it means you pushed.
Definitely pushed shem
How do we stop tyme bank dron tapping? Thank so much for such a great information.
What is dron tapping? I should google that.
Regarding the 100k limit, I read somewhere that you can go over that, but they are going to start charging you a certain amount?
Ohhhh wow, that’s great. I should check out their website to learn about the terms, thanks 🙏🏾
@Ngoako....Where did you read this??
@@financialsavvybunny_ aà
@@moworld2102 @Ngaoko once you reach the 100K limit it doesn't allow you to go over that but you continue to use ur daily savings account and not the goal save.
Does this savings account allow me to deposit savings every month or just once?
Yes it does, you go on your goal and press add.
Absolute values could add value to this video, how much is less than 35k? 2 rand?
I hear you 🙌🏿
Mine stopped at 5 percentage not going up anymore
How long have you had your money saved without disturbing it. Mine is currently at 6%
Thank u so much cc
Welcome 😊🙌🏿
Thank you🌹
Thanks 🙏🏾
Hi Jenn does time bank goalsave interest earn you interest
Yes it does cs its added on the total amount.
So with all those pockets, I can only save a maximum of R100000 across all pockets
can a foreigner open that tyme bank account? I'm from the Philippines.
Not sure, but Someone said you have a similar bank in Philippines.
@@JennNxumalo ok thanks 👍
How to with draw 10 days notice me
OMG we have the same neckalace 😅
Yes, I noticed when I saw yours. It ruined very easy though.
@@JennNxumalo yes OMG, definitely a waste of money
@@JennNxumaloOMG we have the same earrings
Hello
Is it for Nigeria
It’s a South African bank, I am not sure if it’s open for other countries.
Hi Jennifer, do you know how many fixed deposit accounts you can open on tyme bank?
I am not sure what is the limit, I did see I could fix a second one.
Thanks alot we need savings as black people
Hey thank you for this video
Please help what happens when you get to 100k, do you mean you can’t put more but it continues to grow?
Hi! Xola, Yes you won’t be able to put more but it will continue to earn you more interest. But someone commented on this video that they allow for more than R100000 now, but can’t confirm this.
♥️♥️
💐💐🤗
Hy I opened an account after watching your first video I must say I’m so impressed within 5 days I notices 7 cent into my goal save account decided to put more money will come back after a month I want to see where it takes me
That is the nice thing about time bank you get to see the interest come in 👌🏿.
Thank you. Subbd!
Yayyyy thank you and welcome to the fam🤗
I’ve never used my bank card for transactions but I can send money to a beneficiary🤔, interesting. I think They were smart with the goal withdrawal coz you think twice before tapping into your savings
I love how low their charges are.