This investment was conceived out of a desire to reward corporate and institutional investors that support the SBS in its mission of empowering the local economy through housing and commercial mortgage financing.
It is a short or medium term investment for a deposit at a fixed rate of interest for a fixed period of time.
The Account
It is an ultra-short term investment that mobilizes large deposits that are transient by nature; such as money that would otherwise be in a current account awaiting presentation of cheques in transit or better still, money invested on low-interest Call Account
How it works
Establishing a Special Call Account is simple. For businesses it is just a phone call away. The Special Call Account delivers the rewards and convenience of transacting as indicated below. A minimum deposit of E50,000 is required. Funds Must Be Available Instantly Funds invested must be available on demand for same day value. This is what the SBS Special Call Account offers, wherever your account may be in Swaziland, SBS commits to funding your account on same day value basis.
Investment Offer Better Interest
This criteria has been met in conceptualizing the SBS Special Call Account as a deliberate policy was to pitch the interest rate offered for this investment higher than the rate offered by the sector for similar investment, in order to reward businesses for investing with the Society.
Investment Must Offer Convenience of Transacting
Investments into Special Call Account can be made by cheque, preferably, by funds transfer. The latter method is the most preferred, as funds transfer need no clearing period. Withdrawals from call are just a simple instruction away, and funds can be paid into the business current account immediately; irrespective of where this would be maintained in Swaziland. Same day value is guaranteed as online/electronic means are available to do this. In this instance, requirements to fund an overdrawn current account on a same day value basis are available as long as this is done before the cut-off times that would be advised to investors.
Investment Must Be Guaranteed for Safety
With the online/electronic transfer protocols in place risk is not a factor in the processing of deposits and withdrawals over the Special Call Account offered by the Society.
Interest
This investment pays the interest in its class as indicated above. Interest is calculated daily and accrued on the cleared balance of the investment for crediting to the account at the end of each month.
Deposits
can be paid across the counter for cash and cheques in any of our branches, irrespective of where the account was opened or is being hosted. Online deposits or transfers can be initiated from accounts of credit of all account of client through client’s bankers.
Withdrawals
in the form of written instructions can be made to the branch hosting the call account in order to comply with mandates of client.
Fixed Period Shares present a fantastic opportunity for you to earn high returns. This has been designed for a wide range of investors who want high yields both corporate and individuals.This product offers a variable dividend rate of interest which will be adjusted in accordance with movements in the market. Interest is paid out in December.
It is a long term investment which pays dividends at highly competitive rates. It is suitable for both individual and institutional investors who have lump sums to save and want returns on their investments
How it works
Permanent Shares may be opened with a minimum of deposit of E5000. Additional deposits may be made at any of our branches. The holder of these may, after the expiry of 36 months from date of issue, request that the shares be redeemed after a period of six months notice .Permanent Shares may be pledged against Short Loans not exceeding 90%. The Short Loans are repayable within 36 months.
Dividends
Dividends are paid half yearly in June and December. SBS will accept instructions relating to disposal of dividends. Options are available to re-invest or to credit an alternative account held at the SBS.
Benefits
It is a short or medium term investment for a deposit at a fixed rate of interest for a fixed period of time.
This is an affordable short to long term investment product . After accumulating substantial savings, Subscription Shares are your gateway to higher earning investment products such as Fixed Deposits, Permanent Shares and Fixed Period Shares .
How it works
You can start with a minimum initial deposit of E100.00. You can choose between 12, 24 or 36 months Subscription periods. Your Subscription Shares can only be redeemed at the end of the period you have chosen.Interest rate is linked to the prime rate and may change from time to time.
Interest
SBS will accept instructions relating to the disposal of interest. Options available are to reinvest or to credit an alternative account held at the Society. Customers are encouraged to reinvest interest in line with the spirit of the investment product.