Name of the Organisation : Standard Bank
Type of Facility : Open A Fixed Deposit Investment Account
Head Office : Cape Town
Last Date : 31 July 2017
Opening deposit : R 50 000
Access your money : At maturity
Interest up to : 10%
Open A Fixed Deposit Investment Account
** Invest your funds for a set period.
** The interest rate is fixed and your capital is guaranteed and protected.
** For a limited time only until 31 July 2017.
Related : Standard Bank Of South Africa Open A Flexi Advantage Investment Account Online : www.southafricain.com/8875.html
How to qualify for promotional rates :
** You can make a minimum investment of R 50 000
** AND
** You are a South African citizen
** OR
** You have a valid passport or permit
** Fixed Deposit 10% promotion
How to qualify for normal rates :
** You can make a minimum investment of R 1 000
** AND
** You are a South African citizen
** OR
** You have a valid passport or permit
Shariah Banking
Minimum Deposit : R2000
** The Shari’ah Fixed Deposit is an investment offering that allows the client to invest their funds according to the tenets of the Shari’ah.
** This product operates in the same way as a normal Fixed Deposit.
** A lump sum will be invested for a fixed period of time (30 days to 5 years).
** The client does not receive interest but rather a share of profit.
** The bank and the client enter into a profit sharing agreement which is effected through a profit sharing ratio.
** What this means is that the bank will invest the clients funds in Shari’ah Compliant Assets.
** The profit that is made from this Asset is shared with the client in a pre-agreed profit sharing ratio.
** The product is based on the Shari’ah principle of Mudharabah.
Criteria to Qualify :
** Compliance with the requirements of Financial Intelligence Centre Act (FICA)
Features & benefits
** Interest is paid monthly, quarterly, annually, or on maturity
** Note that once you have invested your funds, you can’t add to your investment.
** If you have more money to invest you can always open another Fixed Deposit or a different investment account
** If you are 55 years of age or older, or are a Standard Bank Consolidator customer, you qualify for an extra 0,50% per annum interest on an investment of 12 months or longer for balances under R 100 000
** Fixed Deposit interest rates
What it costs :
** No management fees
** Cash deposit fee
** Early redemption fees if you access your funds early
How to apply :
** Complete the form below
** At your nearest branch
What you’ll need : Your ID book