Investment Accounts - Standard Bank Fixed Deposit Investment Account

Standard Bank Fixed Deposit Investment Account

 
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Standard Bank Fixed Deposit Investment Account

The Standard Bank Fixed Deposit Investment Account invests your funds for a fixed period,  and…

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Standard Bank Fixed Deposit Investment Account

The Standard Bank Fixed Deposit Investment Account invests your funds for a fixed period,  and the interest rate is fixed and your capital is guaranteed and protected.

Standard Bank Fixed Deposit Investment Account Highlights:

  • You are able to choose how long you want to invest, from 33 days to 5 years.
  • The interest is paid monthly, quarterly, annually or on maternity.
  • Once you have invested your funds, you can’t add to your investment. If you have more money to invest, you can open another investment account.
  • If you are a Standard Bank Consolidator customer or you are 55 years of age or older, you qualify for an extra 0.5% per annum interest or an investment of 12 months or longer for balances under R100 000.
  • Cash deposit and early redemption fees only

In order to qualify, you have to be an individual and you have to make a minimum investment of R1 000. You have to be a South African citizen or as a non South African citizen, you have to present your valid passport with a work permit or study permit. Minors may open an account with a parent’s or guardian’s consent.

For South African citizens, you will need to present your proof of residence and valid Identification book.

 

Standard Bank contact details:

Address: 5 Simmonds Street
Johannesburg 2001

Tel: 0860 101 341
Email: [email protected]
Website: www.standardbank.co.za

Account Details

Highest Interest Rate 5.70% - 7.95%
Min Investment Amount 1000.00
Investment Period 3, 6, 12, 18, 24, 36, 48 and 60 months

Interest Rates

R1,000 - R10,000 4.70% - 6.95%
R10,000 - R25,000 5.70% - 7.95%
R25,000 - R50,000 5.70% - 7.95%
R50,000 - R75,000 5.70% - 7.95%
Interest R75,000 - R100,000 5.70% - 7.95%
Interest R100,000 - R500,000 5.70% - 7.95%
R500,000 - R1,000,000 5.70% - 7.95%
R1,000,000 - R5,000,000 5.70% - 7.95%
R5,000,000 + 5.70% - 7.95%


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