Have you ever found yourself with rands sitting in your Shyft wallet, waiting for the perfect moment to buy forex or those stocks you’ve been eyeing for a while? Have you ever wished you could earn interest on those funds while you wait?

Well, you don’t have to wish anymore. Shyft, the award-winning global money app powered by Standard Bank, has launched Vault, a flexible, interest-bearing holding account for investors.

Why the Vault is a game-changer

• Interest on your rands: Investors can now securely store their rands in a dedicated vault and earn daily interest linked to money market rates at 6.25% per annum* while preparing for their next investment move. Vault offers a low-risk, interest-bearing alternative to traditional wallets.
• Flexible access: Funds in the Vault remain fully accessible. Investors can deposit or withdraw at any time without penalties or lock-in periods.
• Integrated experience: The Vault is seamlessly embedded within Shyft, allowing users to manage their funds alongside other financial tools, in one place.
• Secure: The funds in vaults are kept separate from other funds, ensuring transparency and security.
• Tax-ready reporting: Vault activity is included in Shyft’s tax reporting framework (IT3b), with downloadable statements and interest summaries.

*Rates subject to change monthly

A natural next step

Launching the Vault feature is the natural next step in Shyft’s mission to help investors make their money work harder.

Since its launch, Shyft has made it easier for South Africans to manage their money globally, from offering the cheapest forex rates in the market with instant conversions to investing in global and local markets.

By introducing Vault, Shyft is extending its offering beyond spending and investing to include an interest-bearing holding account, creating a complete global money ecosystem.

Ready to unlock your Vault?

Your rand balance will immediately start earning daily interest*. Remember, you can add or withdraw funds at any time, with no minimum requirements and no withdrawal fees.

You can also view your transactions and request a statement right from within the app. If you have any questions, our support team is here to help via live chat, WhatsApp, or email at support@getshyft.co.za.

Your rands should never sit idle while waiting for their next investment adventure – and with Shyft Vault, they don’t have to. Fund your Vault today and start making your money work harder for you.

*Funds must be deposited into the Vault before 17:00 to earn interest for that day. Deposits made after 17:00 will begin accruing interest from the following day.