Standard Bank Retail Deposit Notes

It is a fact that the bank you choose can make a difference in how well your finances are managed.Your bank can control everything from how easy it is for you to get a business loan to how soon your customers’ payments will actually be available for you to spend. Many banks have very different ways of handling personal and business accounts and even the convenience of doing all of your banking. Standard Bank has stepped up with the Retail Deposit Notes.

Standard Bank Retail Notes are JSE listed fixed income interest bearing securities that give you access to superior interest rates, previously only available to companies and institutional investors. Retail Notes can be bought and sold on the JSE with Standard Bank acting as market maker providing liquidity.

Retail Notes offer potentially better returns than bank deposits and most money market unit trusts with the same credit risk as Standard Bank deposits, they are easy to purchase and sell on the JSE, they offer an alternative asset class for retail investors looking to maximise their returns over the medium term and manage portfolios diversified by asset class, they provide stable interest income which is paid regularly on a quarterly basis and individuals may use tax exempt interest allowances.

Retail Notes have a minimum investment requirement on primary offering of R10,000 but once listed can be traded in R100 denominations, there is no maximum investment amount, no JSE brokerage is payable in the primary offering, no securities transfer tax is payable and if traded through online share trading, reduced brokerage fees are available.

Standard bank can be contacted on 0860121161.

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