Saving for yourself
Saving, saving, saving. You often hear it, but why is it important and what exactly happens when you save? When you save, you set aside money that you don't need at the moment into a savings account. This way, you build up a fund and always have reserve money available.
Call us at (+597) 474533 and schedule an appointment to apply for a children's account or visit our office at Tourtonnelaan 33.
Savings goals:
- Saving provides financial stability, so you have fewer worries.
- Saving ensures that you have a buffer; if something unexpected happens, you can always fall back on your savings.
- Saving can make dreams come true; for example, if you want to take a dream trip, you’ll have your savings to use for it.
Do you want to lock this money away for a longer period?
You can ensure that you lock your savings for a longer period, meaning you won't be able to access it for a certain time. This ensures that your savings actually stay in your savings fund. Check out our term deposits.
Benefits of saving with the Southern Commercial Bank
- Accounts available in 3 currencies: SRD, USD, and EURO.
- Individual and joint accounts available in all currencies.
- Flexible terms for joint accounts.
- Daily access to funds while earning interest at the same time.
- The account can be maintained free of charge*.
- No local transfer fees.
- Option for automatic payments at no additional cost.
What you need to open a savings account
For residents (both personal and joint accounts):
Valid identification (ID card, driver's license, or passport of the child and the parents).
Application form
Non-residents:
Valid passport
Valid visa
Reference letter from the foreign bank
Good to know
- A minimum deposit is required to open the savings account.
Minimum deposit per account
SRD: SRD 100
USD: USD 100
EUR: EUR 100
- You can choose to receive bank statements. You are free to decide the frequency of the statements, such as monthly, quarterly, semi-annually, or annually. There are fees for printing and sending the bank statements. You can also choose not to receive bank statements.
Fees per bank statement
SRD: SRD 2,50
USD: USD 0,80
EUR: EUR 0,50
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