Call deposit

A call deposit is an interest-bearing account into which funds can be deposited and drawn on demand. Funds are transferred electronically to an accounts held in the same name. Third-party payments are not allowed. Interest rates change daily in line with market forces. Interest is calculated on your daily balance and paid every month.

What does it offer me?

  • There is no defined investment period. This means that funds may be invested indefinitely
  • No maximum balance
  • Interest rates are variable and any changes are effective immediately
  • Funds are available on demand
  • Interest may also be paid to a Standard Bank third-party account subject to terms and conditions
  • You can link to your main transactional account through Internet banking or nBOL
  • Loan facilities may be granted against pledge of funds in your call deposit account.

 

 

What do I need to apply?

Speak to your Business Banker or Relationship Manager.


 
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