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The currency commissioners, part of the government of Saint Helena, issue the island's banknotes and coins. The Bank of St. Helena is the island's only bank and the island does not have a central bank. The bank sets its own deposit and lending rates. As of April 2023 the maximum savings rate is 5.5% and the normal personal lending rate is 7%.
The Bank of Saint Helena is the territory's only bank. The bank sets its own deposit and lending rates, and has branches in Jamestown on Saint Helena and Georgetown on Ascension Island. Although the bank does not have a physical presence on Tristan da Cunha, the residents of Tristan are entitled to use its services. [15]
Banking services on Saint Helena are provided by the Bank of St. Helena, which delivers a retail banking service to individuals and business in, and trading with, Saint Helena. There is no ATM on the island, so cash must be withdrawn from the Bank of Saint Helena cashiers in Jamestown (Monday-Saturday) or at Customs at the wharf (Thursday-Friday).
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The only bank on Saint Helena and Ascension is the Bank of Saint Helena. All accounts in this bank use pounds as currency, which can be considered Saint Helena pounds because SHP banknotes are given on withdrawal. All international transfers have to be done in sterling, euros, South African rand, or United States dollars. [4]
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João da Nova, a Galician navigator serving the Portuguese Empire, was the first person to sight Saint Helena.. According to long-established tradition, the island was sighted on 21 May 1502 by the four ships of the 3rd Portuguese Armada, commanded by João da Nova, a Galician navigator in the service of Portugal, during his return voyage to Lisbon, who named it Santa Helena after Saint Helena ...
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