Read about the Flexi Advantage Investment account
If you’ve ever wanted the security of a fixed investment, but hesitated because of the commitment, Standard Bank’s Flexi Advantage Investment Account might be your answer. With this account, you get competitive fixed interest for terms as short as 3 months and the ability to withdraw up to 40% of your initial deposit at any time—no strings attached. It’s ideal for cautious
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Interest Rate
Maximum Interest Rate 7.40% (nominal).
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Access to funds
Anytime (up to 40% of the opening deposit).
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Opening Deposit
Minimum Opening Deposit R1,000.
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Monthly Fees
Monthly Admin Fee, None.
Tax Implications
The interest earned on the Flexi Advantage Investment Account is taxable. However, South African residents benefit from an annual interest exemption of R23,800 if you’re under 65, and R34,500 if you’re 65 or older. If your total interest earned across all accounts exceeds these thresholds, it must be declared
Read More
Read about the Flexi Advantage Investment account
If you’ve ever wanted the security of a fixed investment, but hesitated because of the commitment, Standard Bank’s Flexi Advantage Investment Account might be your answer. With this account, you get competitive fixed interest for terms as short as 3 months and the ability to withdraw up to 40% of your initial deposit at any time—no strings attached. It’s ideal for cautious
Read More
What you need to apply
- Opening deposit of R1,000
- Your South African ID
- Proof of residence
(not older than three months)
- Opening deposit of R1,000
- Valid Passport
- Proof of residence
(not older than three months)
- Work/Resident permit
You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.
