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Call Account |
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Overview
A Call account provides you with security of
accessing funds at all times without notice. It is
opened with minimum balance of M10 000. Interest on
this account accrues daily and is credited monthly. The
deposit can be added to at any time, and is
withdrawn mainly on demand. It is an ideal
investment for the management of short-term cash
flows.
Features & Benefits
- Funds can be transferred or withdrawn without
prior notice.
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"security of accessing funds at all times" |
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Interest rates are linked to the prime lending
rate.
Interest is accrued daily and credited monthly
Interest can be paid to another account
Sweep facility is available for transferring of
funds over night between a call deposit account to
other Nedbank accounts
Can be used as security for credit facilities
No charges are incurred when transferring money
between a call deposit account and a nominated Nedbank current account
Qualifying Criteria
- A minimum amount of M 10,000 is required to open
your call account.
- Valid Passport (together with Residence permit for
non residents)
- Proof of income – payslip or letter from employer
showing monthly income, or Source & Purpose of Funds
Declaration Form
- Proof of Residence – Letter from local chief or
Utility bill
For more information contact your Personal Banker or
Relationship Manager, or visit your nearest branch. |
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