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Rand Offshore Reserve Account
The South African rand has strengthened recently, making now the ideal time to think about placing your savings in our Rand Offshore Reserve Account. Offering highly competitive rates of interest, this account allows you to take advantage of your offshore allowance and still hold your offshore capital in rands.
It also provides the flexibility to switch - with the minimum of fuss - to alternative currencies should the rand weaken.
Features
- Highly attractive interest rates fixed on the first day of each month
- Interest calculated on the daily cleared balance and added to the account twice yearly
- Two withdrawals free of charge in each six-month period, exclusive of any payment transmission fees necessary to remit the funds
- A minimum balance of only ZAR35,000 to open an account and there are no fees to pay should the balance subsequently fall below the minimum
- Access to the account balance and transaction history at Offshore Online, Standard Bank Offshore's internet banking service, making it extremely simple to keep track of finances.
Open an account now
Contact your nearest Offshore provincial office on any of the following numbers:
Gauteng 011 772 0150;
Western and Southern Cape 021 683 6597;
Kwa Zulu Natal 031 570 8200;
Eastern Cape 041 391 2885.
Alternatively contact us offshore.
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