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.
As you may know, Standard Bank has been sponsoring Mifumi School in Uganda for the past two years. The Mifumi charity has taken the school from a classroom under a tree to purpose built buildings enabling over 700 children to receive an education in this deprived area of Africa, and therefore a brighter future. As part of our support we are delighted to say that in May we will be hosting the Headmaster of Mifumi school and two of his pupils in Jersey.
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