FNB modernises the Stokvel

The well-known African proverb, “If you want to go fast, go alone. If you want to go far, go together,” takes on renewed meaning with the launch of weSave, FNB Namibia’s latest savings account designed to enable safe, structured, and effective group savings.

Derived from the southern African tradition of community-based savings better known as stokvel, weSave is a group savings account that allows members to collectively commit to saving towards a shared goal. 

Members enter into an agreement to contribute a fixed amount over a defined period for a common
purpose, fostering financial discipline and accountability within a trusted group. The exciting new product was officially unveiled at a media launch held at FNB Namibia’s Parkside Head Office in Windhoek.

Speaking at the launch, FNB Namibia’s CEO of Retail, Mbo Luvindao, said the product reflects both cultural relevance and long-term customer insight. 

“weSave is not new to us. As Africans, we have always relied on the strength of community, whether it is raising our children, supporting our families or planning for the future. weSave formalises a practice that already exists, while giving our customers a secure, digital, and interest-bearing platform to save together with confidence,” said Luvindao.

At its core, weSave recognises that collective effort has always been part of African culture. From family gatherings to shared responsibilities, saving together is not new. What's new is the way FNB Namibia has modernised this tradition through a secure, regulated banking solution.

With weSave, customers can now reach collective goals and save for milestones and events such as education, special occasions, rainy days, business, travel, investments and so much more.

The account features a range of benefits, including:
No monthly account fee
Interest earned on all positive balances from as little as N$100
Immediate access to funds through FNB Digital Banking
Financial message notifications sent to all group members
Free ATM deposits
Free balance and statement enquiries via FNB Digital Banking
Guaranteed capital and quoted returns

The launch of weSave follows FNB Namibia’s Collective Buying product, which enables customers to jointly purchase property, further demonstrating the bank’s commitment to innovating around real customer needs and lived experiences. 

These solutions are rooted in how Namibians already live, save, and support one another, reflecting FNB Namibia’s belief that meaningful financial inclusion is achieved by designing products that are both culturally relevant and practically empowering. By formalising trusted community practices within a secure banking environment, FNB Namibia continues to create solutions that are not only innovative but also deeply human and sustainable.

“At FNB Namibia, innovation is not about creating products for the sake of it, it is about listening to our customers and responding with solutions that genuinely improve their financial wellbeing. weSave is a clear expression of our promise to meet customers where they are, honour their realities, and walk with them as they build a more secure financial future together,” Mbo said.