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Call Deposit Account

Call Deposit Account

Call Deposit Account is basically a demand deposit account with the benefits of term deposit account.

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Benefits
  • Easy liquidity - funds can be withdrawn at any time by giving prior notice to the Bank.
  • Preferential Interest Rate close to that on Term Deposits.
  • Interest paid at month end and thus compounded monthly.
Features
  • Minimum Deposit of ZAR 25,000 for Individuals.
  • Opened in ZAR currency.
  • Account is opened by transfer of money from other accounts.
  • Call Deposit Account is not an operative account.