Among the many benefits you enjoy as a Standard Bank Isle of Man Limited client is financial protection under the Isle of Man Depositors’ Compensation Scheme(DCS). But what is this Scheme and how does it work?
We live in a world, where technology is constantly evolving and becoming more sophisticated. This brings a great deal of positives to our daily lives. However, there are people who will use this technology to their advantage, along with any personal information that they can access to perpetrate scams for financial gain. It is therefore important to remain vigilant and alert to the risk of our bank accounts and personal data becoming a target.
Interest rates might still be at record lows, but there is good news for savers in the form of innovative savings accounts from Standard Bank, Isle of Man.
As many of you know, Standard Bank has an office based on the Isle of Man which is a small island located in the middle of the Irish Sea between England and Ireland. It is 52 kilometres (32 miles) long and, at its widest point, 22 kilometres (14 miles) wide.
Since 2012, Standard Bank has proudly been the primary sponsor of Mifumi Primary School, Uganda. We have helped to forge links between Mifumi and local schools on the Isle of Man, built a bore hole to supply the school with water and even installed WIFI to connect them to the wider world and help with the children’s education.
It felt as if the world was falling apart. As the Great Financial Crisis of 2008 hit, the dominoes started to topple one by one. A series of major Western banks collapsed. Stock markets plummeted. Economic activity in the US and UK soon fell off a cliff. Overnight, governments were forced to bail out the banks and step in to avert a new Great Depression.