Savings and Investment
Make yourself financially secure in case you need to have extra money. Protect yourself against whatever financial hardship that might strike. Save and invest your money with our accounts that make you earn high interest rates.
Benefits of saving and investing
Free standing order
A Fixed Deposit is an investment account where money is deposited for a fixed period and the interest rate does not change. A Fixed Deposit offers higher interest rates than ordinary savings accounts and is ideal if you want to save for a specific goal, like the deposit for a wedding or a year-end holiday. You choose how long you want to invest – from 3 months to one year. The funds are available at the end of the agreed tenure
If you need an investment account that earns you good market-related interest without sacrificing immediate access to your money, then a Standard Bank Call account is a good option. This interest-bearing account allows you to deposit funds which may be withdrawn when you need them.
Contract Save is an affordable, disciplined savings plan that can be tailored to suit your specific needs. It is ideal if you want to save for big future expenses like the deposit on a house, a wedding ceremony, school fees, or to top up your retirement savings. A monthly stop order is required from your main account into the contract save account to ensure that the account has money throughout the period. This ensures that you save regularly over a period of time, without giving in to the temptation to spend your savings.
A PureSave account will help you to accumulate extra income and build up your cash reserves. Interest earned on a this savings account is higher than a regular current account, which means your money grows faster, helping you to reach your financial goals more quickly. Your funds are available on demand and you can deposit any amount at any time. Interest is paid on a tiered basis meaning that the interest rate increases as your balance increases – so the more you save, the more you earn