Investment accounts are a fast growing phenomenon in the banking sector.These accounts have also been embraced by many families and individuals who have bought into the idea of saving. Many have come to understand that by starting to save early you can benefit from the power of compounding, whereby the earnings of your account earn additional earnings. Over the course of decades, this can make a significant difference. One of South Africa’s biggest financial institutions Standard Bank has made the idea of saving easy by introducing the Standard Bank 32 day notice deposit account.
The Standard Bank 32 day deposit is an investment account that earns interest. Some of the features and benefits of this account include the fact that you need a minimum opening deposit of R250, you can make extra deposits anytime, the higher your account balance the higher your interest rate will be, you can give the bank notice to release all or only part of your investment money, 32 days after giving notice, you can withdraw the funds at a branch or it can be paid into another account, interest rates are variable and any change is effective immediately, interest is calculated on your daily balance and can be paid into another account or be reinvested every month, you can also link your 32 day notice deposit account to a Standard Bank AutoBank card and manage it via self service banking channels.
To open this account, Standard Bank can be contacted on 0860123000.