You must be St Helenian or have St Helenian Status to open an account. Applicants must be 18 or over.

You can either submit your application online or download and submit your application to the Branch. All links can be found below. Applicants must be 18 or over, therefore evidence of your date of birth, i.e passport or birth certificate will be required in your application with other supporting documentation.

Bank of St Helena does not encourage early withdrawal on a New Life Account, however in the case of an extreme emergency it can be requested that the Bank convert the account into current account. However this will be at the discretions of the managing Director. You will be required to pay a penalty, as follows:
▪ If you have held the account for less than 1 year we will treat it as if it had always been a current account; that is we will recalculate the interest at the current account rate.
▪ If you have held the account for more than 1 year, we will deduct the last year’s additional interest; the interest will be recalculated as if it had been a current account for the last twelve months.

Upon opening a New Life Account you will be required to identify if you would like your account to mature when you turn 60 or 65. This feature will allow you to choose a date when your funds to become available to you, which is appropriate for you needs.

Yes, you can view your balance and download and print your statements from your Online Banking Portal.

In the event of a death of the customer, Bank of St Helena will act in accordance with the instruction of the duly appointed executor, there will be no penalty or deduction of interest.