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Just as some people exercise more when they have an exercise buddy, others find it easier to save when they do it in a group. For the undisciplined spender who is constantly cashing in their savings, a stokvel, or group savings club, could be the answer. But stokvels are worth taking note of for another reason. Did you know that money saved in a stokvel account often benefits from better interest rates and lower fees than you would pay if you put your money in a regular account? Sound good? This is what you need to know if you want to start a stokvel.