Fixed Deposit is a good place to put away a lump sum out of reach for a fixed period of time and achieve a higher rate of return.
There is little to no capital risk so you get back what you put in plus interest.
You know what return you will get because the interest rate is fixed upfront.
If you need investment income, you can have interest paid out monthly into another account.
You can open a fixed deposit with as little as R1 000 for any period from 33 days to five years.
For more information on Fixed Deposit, visit our website at www.standardbank.co.za, contact our call centre on 0860 123 000, or visit any Standard Bank branch.
Existing Standard Bank customers can open an account immediately via Internet Banking if they are registered for it.
Visit www.standardbank.co.za, select the Apply Online box and follow the instructions.
Visit any Standard Bank branch with your identity document, proof of address and the minimum opening deposit of R1 000.