Stanbic bank helps their customers save towards a particular goal or purchase they ultimately desire. The packages are designed to bring you peace of mind,knowing you’re ready for the unexpected.
Table of Contents
Their savings and investment accounts have been expertly crafted to help you reach your medium to long-term goals.
What packages are available for customers?
The savings and investment accounts tailored for their customers and aspiring customers have been discussed below;
PureSave Savings Account
It has been designed to help customers save towards a particular goal or purchase, or get the peace of mind that comes from knowing you’re ready for the unexpected. You earn interest each month, which means your money grows faster and you reach your financial goals quickly. You also get a debit card, which can be used at ATMs and point-of-sale terminals nationwide.
What do you get?
- Immediate access to your account electronically using your ATM card
- Interest rates are tiered so the more money you save, the more interest you will earn
Fixed Deposit Investment Account
A Fixed Deposit is an investment account where money is deposited for a fixed period and the interest rate does not change. It offers higher interest rates than ordinary savings accounts and is ideal if you want to save for a specific goal, like a wedding or a holiday.
What do you get?
- You can choose an investment period
- There are no service fees charged
- Several investment period options are available – from 30 days to 365 days
- You can have more than one fixed deposit if you want to save for different goals
- You cannot withdraw funds from your fixed deposit during the term of your investment
- If you end your investment early, you will need to pay a penalty
Bonus Investment Account
A Bonus Investment allows you to invest a lump sum over a chosen period and rewards you with bonus interest on maturity of your investment
What do you get?
- There is no maximum balance requirement, but the higher your balance, the more interest you will earn
- Additional deposits cannot be made into the account
- You can open more than one Bonus Investment account
- There are five investments periods for you to choose from – 6, 9, 12, 18 or 24 months
- Once an investment period has been chosen, it cannot be changed
- You earn bonus interest if the account runs for the full investment term
- No management fees are charged on your account
ContractSave Savings Account
ContractSave is an affordable, disciplined savings plan that can be tailored to suit your specific needs. It is ideal if you want to save for big future expenses like a deposit on a house, your children’s education or to top-up your retirement savings.
A compulsory, monthly standing order is required to fund the account. This ensures that you save regularly over a pre-selected period– without giving in to the temptation to spend your savings.
What do you get?
- You need to sign a minimum standing order for GHS100.00 a month
- Additional deposits (no minimum amount) can be made into the account at any time
- Funds can be accessed at the end of your chosen investment period
- You must have a transaction account with us to fund your standing order
- There are three minimum investment periods to choose from – 12, 18 or 24 months
- You can open more than one ContractSave account
- Interest rates are tiered and variable
- No management fees are charged on your account
Stanbic Cash Trust Fund
You get to maximise your short-to-medium term income while preserving capital through investing in a portfolio of fixed interest securities including treasury securities and quasi government securities with maturities not exceeding five (5) years and non-government fixed interest securities with maturities not exceeding two (2) years.
What do you get?
- Diversified portfolio of investments with good returns.
- Secured principal amount invested with varying returns.
- SIMS’s professional fund management expertise.
- Personalized investment horizons to meet your personal needs.
- Easy access to investments via multiple platforms within 24 hours.
Individual Fund Management
A tailor-made fund management services for high-net-worth individuals seeking specific investment goals such as educational funds, retirement funds,trust funds and endowment funds.
What do you get?
- Diversified portfolio of investments
- Preservation of principal: principal amount invested to be secured with varying returns
- Competitive returns
- Easy access to investments at any time
- Sustainable Income: fund provides sustainable income from selected fixed income securities while preserving the principal investment
- Expertise: with a minimum of GHS20, investors can benefit from SIMS’s professional fund management
Stanbic Income Fund Trust
It helps you maximize your medium-to-long term sustainable income and capital appreciation by investing in a portfolio of fixed income securities including government treasury notes, bonds and corporate debt securities.
What do you get?
- Diversified portfolio of investments with good returns.
- Secured principal amount invested with varying returns.
- SIMS’s professional fund management expertise.
- Personalized investment horizons to meet your personal needs.
- Easy access to investments via multiple platforms within 24 hours
What are the requirements?
To be able to submit to any of the savings and investment accounts,you must have
- Valid identity document – driver’s licence; passport; or National ID,
Proof of physical residential address – Ghana Post GPS code; Utility Bill - Authority to act (if applicable): Power of attorney/ letter of appointment from the court and authorised signatories resolution (if more than one).
- If applicable: Valid identity document, physical residential address; and
- Contact details of persons authorised to act unabridged birth certificate for minors (under 18 years)
- TIN number
Are you therefore looking forward to save or invest at Stanbic bank? Then this is a must read.
