The Rand Points Store allows you to use your points to acquire benefits such as Withdrawal Passes or free card deposits.
Withdrawal Passes let you withdraw between 100€ and 100.000€ without resetting your APY bonus.
You can also avoid the card deposit fee by redeeming 750 points, (equivalent to €4.99 and €9.99 in Cards). It's recommended to use this benefit for deposits over 1.500€, where the fee would exceed 7,50€, or opt for SEPA transfers, which are free of charge.
Additionally, you have the option to purchase a 0,3% APY bonus for 1000 points. This bonus will be added to your Earn account immediately after the purchase. This item is especially useful if you want to start with a higher APY than your balance qualifies for or if your APY bonus has recently reset and you want to restore it.
Please note that if your total APY is already above 6.2%, you won't receive the full bonus. For example, if you're already at a 6,3% APY and purchase this item, you will only receive an additional 0,2%, meaning the remaining 0,1% will be lost. This is because the maximum APY at Rand is 6,5%.
Using the Rand Points Store effectively can enhance your overall experience by providing strategic boosts to your financial performance on the platform.