Savings FAQs

Spend+Save

Tap the Spend+Save button on your Paytali dashboard, set a percentage to save every time you spend from your Paytali account, and we'll save it for you automatically.

We don't pay interest on Spend+Save.

Flexible Savings

Tap the Savings button on the dashboard, tap Save Now then choose Flexible and follow the prompts on your screen to set up your goal. We'll move money to your savings from your Paytali account or bank card daily, weekly or monthly until you meet your target.

We'll show you a specific interest rate before you launch your Flexible Savings plan.

You don't have to wait to withdraw but if you withdraw more than 20% of the amount you set as your savings goal, you will only get the principal - the amount you started the plan with. All the interest you've accrued will be lost.

Yes, you'll lose all the interest you've accrued and your savings plan will be deleted automatically.

Yes. In line with government regulations, we will subtract 10% of your accrued interest as withholding tax before payout on your plan's maturity date.

Fixed Savings

Tap the Savings button on the dashboard, tap Save Now then choose Fixed and follow the prompts on your screen to save.

We'll show you a specific interest rate before you launch your Fixed Savings plan.

You have to wait until the maturity date to withdraw your savings otherwise you'll lose all your interest.

Yes, you'll lose all your interest and your savings plan will be deleted automatically.

Note: If you'd like to earn interest on your Fixed Savings, you can't withdraw from it before its maturity date.

Yes. In line with government regulations, we will subtract 10% of your accrued interest as withholding tax before payout on your plan's maturity date.