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Opening a stokvel account with a bank provides members with the security they don't get with informal stokvels. Stokvels are popular and even banks offer

Opening a stokvel account with a bank provides members with the security they don't get with informal stokvels. Stokvels are popular and even banks offer stokvel options. Compare the stokvel account from Standard Bank with the stokvel account of FNB. In your answer refer to benefits, fees, interest rates, and what you will need to open a stokvel at these banks. (25)

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