TymeBank Is Now GoTyme: Fixed Deposit & GoalSave Rates Explained 2026
If you've been searching for TymeBank's fixed deposit rates and finding confusion, here's why: TymeBank no longer exists by that name. The digital bank completed its rebrand to GoTyme Bank on 22 January 2026 — same banking licence, same account numbers, same balances and history; existing customers simply moved to the new GoTyme app. The good news for savers is that the thing TymeBank was famous for — some of the sharpest savings rates in South Africa — survived the rebrand intact. This guide explains what changed and what didn't, exactly how the GoalSave tiers and their notice rules work, the current fixed deposit rates, and how it all stacks against the market.
The rebrand: what changed and what didn't
The essentials for anyone holding or considering an account: the rebrand to GoTyme Bank changed the name and the app — nothing structural. The banking licence is unchanged (deposits remain within the regulated banking system and its protections), customer account numbers, balances and transaction history carried over untouched, and the product architecture — the low-fee transactional account, GoalSave pockets, fixed deposits — continued. Existing customers download the GoTyme Bank app and carry on; the TymeBank brand has been retired in South Africa. If you see TymeBank rates quoted anywhere, treat them as historical — GoTyme's current schedule is the live one, and this guide reflects it.
GoalSave: the 4%–10% machinery, decoded
GoalSave — the savings-pocket system that made the bank's reputation — works on time-and-notice tiers that reward patience: 4% from day one on new pocket money, stepping to 6% once the money has sat for 90 days, and reaching up to 10% with the bonus tier — which requires opting in per pocket and accepting a 10-day notice rule: while the bonus is active, withdrawing the pocket means giving 10 days' notice in-app before funds release, and partial withdrawals aren't allowed — drawing part of a balance drops that pocket back to the standard rate. The limits: from R1 up to R250,000 total across as many as 20 named pockets. Read strategically, this is a brilliantly-designed savings ladder (the three-layer structure our savings guides recommend, built into one product): new money earns a solid instant-access rate, patient money earns more, and genuinely committed money earns a rate that competes with — often beats — the market's best notice and even fixed products, at just 10 days' notice. The rules to respect: the bonus tier is OPT-IN (money left on default tiers earns less than it could — activate the bonus on pockets you won't raid), and the all-or-nothing withdrawal rule means pockets should be sized to real goals so a partial need never forces a full drawdown.
Fixed deposits: 8.75% to 9.75%
For money you can lock outright, GoTyme's fixed deposits pay 8.75% nominal at 12 months and up to 9.75% at 36 months — rates that sit at or near the top of the fixed-deposit tables (our live comparison tracks the current leaders). The natural progression the product range suggests: GoalSave for the first R250,000 (where the 10% bonus tier on 10-day notice is arguably better than locking — more rate than most 12-month deposits, with far more flexibility), and fixed deposits for balances above the GoalSave ceiling or for money where a hard lock suits your discipline. Run the comparison arithmetic from our fixed-deposit guide before locking anywhere: effective rates for your term, the rand maturity value, and the tax picture (the R23,800 interest exemption covers roughly R300,000 of savings at these rates; beyond that, the TFSA-first sequencing applies).
Worked: R100,000 across the GoalSave ladder
Here's the machinery earning at full efficiency. A saver holds R100,000: R15,000 as the instant-access float in a standard-tier pocket (one month of expenses, reachable today) — earning 4% rising to 6% as it seasons; R85,000 across three bonus-tier pockets sized to real purposes (R30,000 deep emergency fund, R30,000 December-and-school-fees, R25,000 car-service-and-repairs) — each opted into the 10% bonus, each reachable on 10 days' notice. Blended, the R100,000 earns roughly 9%+ a year — R9,000+ — with no lock beyond ten days on any rand. Compare the alternatives: the same money in a big-bank instant-access account at 4–5% earns roughly half; in a 12-month fixed deposit at 8.75% it earns slightly less than the bonus tier while being fully locked for a year. The design details that make the example work: pockets are SIZED TO PURPOSES because withdrawals are all-or-nothing (drawing the R25,000 car pocket for a R12,000 repair means the whole pocket exits and re-enters at day-one rates — so a genuinely lumpy purpose might deserve two smaller pockets); the 10-day notice is the discipline layer (long enough to defeat impulse raids, short enough for any real emergency that announces itself); and the seasoning clock rewards leaving the structure alone. It's the three-layer savings architecture from our guides, implemented inside one product at market-leading rates — the reason this bank's savings machinery earned its reputation, rebrand notwithstanding.
How it stacks against the market
The digital banks compete hardest on deposit rates, and GoTyme's post-rebrand schedule keeps it in the leaders' pack: the GoalSave bonus tier's up-to-10% on 10-day notice is among the strongest liquid-adjacent rates in the country, and the 36-month 9.75% fixed rate competes with anything on the board. The honest comparisons: against the big banks' savings shelves (our Absa and Capitec savings reviews), GoTyme's rates generally win outright, with the trade-off being the digital-only service model; against fellow digital and smaller banks, leadership rotates — which is why the quarterly rate check the savings guides preach applies here too. Deposit insurance at registered banks (within its limits) backs qualifying deposits across the field, weakening any safety case for accepting lower big-bank rates on pure savings. For the three-layer structure: GoTyme GoalSave is a genuinely excellent Layer 1–2 home (instant-access float on the standard tiers, the notice-fund layer on the bonus tier), with Layer 3 split between its own fixed deposits and whoever tops the comparison tables for your term.
Frequently asked questions
Is TymeBank still operating in South Africa?
Under a new name — TymeBank completed its rebrand to GoTyme Bank on 22 January 2026. The licence, account numbers, balances and history are unchanged; customers use the new GoTyme app. The TymeBank brand is retired.
What interest does GoTyme (TymeBank) GoalSave pay?
4% from day one, 6% after money has sat 90 days, and up to 10% with the opt-in bonus tier requiring 10 days' notice to withdraw. Maximum R250,000 across up to 20 pockets — and partial withdrawals drop a pocket back to the standard rate, so size pockets to real goals.
What are GoTyme's fixed deposit rates?
8.75% nominal at 12 months and up to 9.75% at 36 months — at or near the top of the market's fixed-deposit tables. Compare effective rates and rand maturity values for your term on the live comparison before locking.
Is my money safe with GoTyme Bank?
The rebrand didn't touch the banking licence — deposits remain within the regulated banking system, and qualifying deposits at registered banks fall under South Africa's deposit insurance within its limits, the same framework as the rest of the sector.
Is GoalSave better than a fixed deposit?
For amounts within its R250,000 ceiling, the 10% bonus tier on just 10 days' notice often beats 12-month fixed rates while staying far more flexible — a rare case where the liquid option outpays the lock. Above the ceiling, or for money where a hard lock suits your discipline, fixed deposits (GoTyme's or the table leaders') take over.
