TERMS AND CONDITIONS IN RESPECT OF THE FIXED DEPOSIT PROMOTIONAL
OFFER MADE BY THE STANDARD BANK OF SOUTH AFRICA LIMITED (“STANDARD
BANK/WE/US/OUR”)
Important clauses which may limit our responsibility, place an obligation on you to
indemnify us, involve an acknowledgment of any fact or involve some risk for you will
be in bold and italics. You must pay special attention to these clauses.
1
INTRODUCTION
We are offering all customers who open fixed deposit accounts in their personal
capacity with us between 00h00 on Wednesday, 13 April 2016 to 23h59 on Thursday,
30 June 2016 (“Promotion Period”), preferential interest rates as follows:
1.1
for a fixed investment period of 9 (nine) months, and where interest is to be paid
out monthly, you will receive:
1.1.1
an interest rate of 8.00% per annum for an investment amount of R500 000
(five hundred thousand Rand) or more;
1.1.2
an interest rate of
7.90% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.1.3
an interest rate of 7.80% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.2
for a fixed investment period of 9 (nine) months, and where interest is to be paid
out at maturity, you will receive:
1.2.1
an interest rate of
8.29% per annum for an investment amount of
R500 000 (five hundred thousand Rand) or more;
1.2.2
an interest rate of 8.19% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.2.3
an interest rate of 8.07% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
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1.3
For a fixed investment period of 12 (twelve) months, and where interest is to be
paid out monthly, you will receive:
1.3.1
an interest rate of 8.25% per annum for an investment amount of R500 000
(five hundred thousand Rand) or more;
1.3.2
an interest rate of 8.15% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.3.3
an interest rate of 8.05% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.4
For a fixed investment period of 12 (twelve) months, and where interest is to be
paid out at maturity you will receive:
1.4.1
an interest rate of 8.73% per annum for an investment amount of R500 000
(five hundred thousand Rand) or more;
1.4.2
an interest rate of 8.62% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.4.3
an interest rate of 8.51% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.5
For a fixed investment period of 18 (eighteen) months, and where interest is to be
paid out monthly, you will receive:
1.5.1
an interest rate of 8.65% per annum for an investment amount of R500 000
(five hundred thousand Rand) or more;
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1.5.2
an interest rate of 8.55% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.5.3
an interest rate of 8.45% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.6
For a fixed investment period of 18 (eighteen) months, and where interest is to be
paid out at maturity, you will receive:
1.6.1
an interest rate of 9.35% per annum for an investment amount of R500 000
(five hundred thousand Rand) or more;
1.6.2
an interest rate of 9.24% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.6.3
an interest rate of 9.13% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.7
For a fixed investment period of 24 (twenty four) months, and where interest is to
be paid out monthly, you will receive:
1.7.1
an interest rate of 8.85% per annum for an investment amount of R500 000
(five hundred thousand Rand) or more;
1.7.2
an interest rate of 8.75% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.7.3
an interest rate of 8.65% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.8
For a fixed investment period of 24 (twenty four) months, and where interest is to
be paid out at maturity, you will receive:
1.8.1
an interest rate of 10.00% per annum for an investment amount of
R500 000 (five hundred thousand Rand) or more;
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1.8.2
an interest rate of 9.89% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.8.3
an interest rate of 9.78% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.9
For a fixed investment period of 36 (thirty six) months, and where interest is to
be paid out monthly, you will receive:
1.9.1
an interest rate of 9.25% per annum for an investment amount of R500 000
(five hundred thousand Rand) or more;
1.9.2
an interest rate of 9.15% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.9.3
an interest rate of 9.05% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.10
For a fixed investment period of 36 (thirty six) months, and where interest is to
be paid out at maturity, you will receive:
1.10.1
an interest rate of 10.97% per annum for an investment amount of
R500 000 (five hundred thousand Rand) or more;
1.10.2
an interest rate of 10.85% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.10.3
an interest rate of 10.73% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.11
For a fixed investment period of 48 (forty eight) and 60 (sixty) months, and
where interest is to be paid out monthly, you will receive:
1.11.1
an interest rate of 10.00% per annum for an investment amount of
R500 000 (five hundred thousand Rand) or more;
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1.11.2
an interest rate of 9.90% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.11.3
an interest rate of 9.80% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.12
For a fixed investment period of 48 (forty eight) and 60 (sixty) months, and
where interest is to be paid out at maturity, you will receive:
1.12.1
an interest rate of 12.46% per annum for an investment amount of
R500 000 (five hundred thousand Rand) or more;
1.12.2
an interest rate of 12.34% per annum for investment amounts between
R100 000 (one hundred thousand Rand) and R499 000 (four hundred and
ninety nine thousand Rand);
1.12.3
an interest rate of 12.21% per annum for an investment amounts between
R25 000 (twenty five thousand Rand) and R99 999 (ninety nine thousand
nine hundred and ninety nine Rand).
1.13
The terms and conditions of fixed deposits will apply and are available on our
website at www.standardbank.co.za
2
2.1
WHO QUALIFIES FOR THIS OFFER
You qualify for this Offer if you meet all of the following criteria:
2.1.1
You are 18 years of age or older;
2.1.2
You permanently reside in the Republic of South Africa.
3
3.1
HOW TO TAKE UP THIS OFFER
Open a fixed deposit account in your personal capacity through –
3.1.1
our website located at www.standardbank.co.za; or
3.1.2
at any of our branches or business suites, during the Promotion Period.
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3.1.3
To qualify for the preferential interest rates, deposit between R25 000.00
(twenty five thousand Rand) and R1 000 000.00 (one million Rand) into the
fixed deposit account.
3.1.4
In all cases, you must meet all the minimum legal requirements of the
Financial Intelligence Centre Act.
3.2
This offer is not available to customers who open fixed deposit accounts
through our internet banking, AutoPlus channels and our Mobile Banking
App.
4
4.1
GENERAL TERMS
We are the promoter of this Offer. Any reference to we/us/our includes our
directors, members, partners, sponsors, agents or consultants, where the context
allows for it.
4.2
By participating in this Offer, you agree to be bound by these terms and
conditions.
4.3
These terms and conditions shall apply to this Offer and all other information
relating to this promotion and on any promotional or advertising material that is
published.
4.4
We assume no liability for any services and/or advice, whether correct or
incorrect, which you receive and/or pursue over and above this Offer.
4.5
We assume no liability whatsoever for any direct or indirect loss or damage
arising from a Customer’s participation in this Offer or howsoever arising
(whether arising from negligence or otherwise). All customers, whilst
participating in this Offer, indemnify us and hold us harmless for any loss,
damage, harm or injury (whether arising from negligence or otherwise)
which may be sustained as a result of any claim, costs, expense, loss or
damages which may be made by any third party.
4.6
We reserve the right to amend, reduce or extend at any time the start or end
dates of this Offer.
4.7
We reserve the right to terminate this Offer with immediate effect and without
notice of such termination to you. In such event, you waive any rights, which you
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may have against us and you acknowledge that you will have no recourse or
claim of any nature whatsoever against us.
4.8
In the event of a dispute, our decision will be final and binding on all aspects of
this promotional offer and no correspondence will be entered into.
4.9
This Offer cannot be used together with any other similar offer or campaign
promoted by us.
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