Ordinary Savings Book is a pass book based account that allows deposits and withdrawals of money, on regular unrestricted basis. This account is ideal for customers who quickly demand cash and wants a secure environment for excess funds without the risk of eroding the funds placed with the Bank. The Lesotho PostBank savings product is currently pass book-based, and can be opened by adults, minors, organizations of different types, and companies.

• Product Benefits:

The product benefits:
-Simplicity of transacting
-Transparency of account information
-Affordability

• Main Features:

The following are main features:
-Minimum deposit for Individual accounts:                M 40.00
-Minimum deposit for organisations accounts:        M100.00
-Minimum account balance for individuals:               M 20.00
-Minimum account balance for organisations:         M 80.00

• Charges/Fees:

-Application fees                   None
-Balance enquiry fee            None
-Management fee                 None
-Deposit fee                           None
-Withdrawal fee                    1% of value: capped at M500.00

• Conditions:

-Interest for Ordinary Savings Pass Book is earned on balances above M500.00
-On termination of savings book account, the minimum balance is forfeited.