Standard Bank Namibia
Some other activities of Standard Bank Namibia include money lending, investing money in social development and upgrading projects for the benefit of whole nation. This bank also engages itself with various cultural activity programs.
Some of the beneficial facilities of personal banking services are call deposits, fixed deposits, negotiable certificates of deposits, money market transactions, notice deposits and many others.
Some of the popular features are:
Essential benefits of call deposit service include variable interest rates, higher interest rates for higher balances, funds are easily obtainable on demand without any notice period, calculation of interest rates on daily balances etc. Customers need to maintain a minimum opening deposit of N$1000 (1000 Namibian Dollar) and a minimum transaction amount of N$1000 is required at the time of withdrawals or deposits.
It is an investment account. One can earn interest on the amount deposited. The funds, however, will be available 32 days after one has given the bank a notice regarding the same. Some other benefits of notice deposit account are:
Interest rates are variable and interest is calculated on a daily basis. The minimum opening deposit is N$1000. Funds can be transferred to other accounts also.
It is another type of investment account provided by Standard Bank Namibia, where interest rate does not fluctuate. Some of the features and benefits of fixed deposit account are:
Customers need to maintain a minimum deposit of N$1000 and the interest rate will be fixed for the total period of investment. Interests can be obtained either on a monthly, quarterly, or on an annual basis or on maturity.
Business banking services
Standard Bank Namibia provides a comprehensive range of business banking services including agricultural service, electronic banking service etc. Small and medium business enterprises will also be benefited through business banking service provided by Standard Bank Namibia. Some of the beneficial facilities of business banking service are insurance, business cards, electronic banking, business financing and investing, business loans etc.
Internet banking is the most convenient way of processing banking transaction. One can process banking transactions from their home, without physically attending branches of Standard Bank Namibia.
Corporate and investment banking service
Some of the essential features of corporate and investment banking service are trading service, custody and security service.