Save smart. Access fast.
The MoneyMarket Call investment account gives you high interest without locking your money away. It’s ideal if you want to grow your savings but still have access when life happens.
What This Account Is For
This account is perfect if you’re saving for:
- A big expense you’re planning (like buying a car or paying school fees)
- An emergency fund you can access quickly
- Or simply want to keep your money working for you at a higher rate than a basic savings account
You can deposit and withdraw as needed — no penalties.
How It Works (With an Example)
Once you deposit R20 000 or more, your money starts earning interest every day. The higher your balance, the better your growth.
Let’s say you invest R100 000:
- Your interest rate is 6.35% per year
- That’s around R6 350 in interest a year, or about R529 per month (before tax)
And here’s the best part: your interest is paid every month, and you can transfer it to another account or reinvest it.
Pros and Cons
| 👍 Pros | 👎 Cons |
| High interest (from R20 000) | Need at least R20 000 to start |
| No monthly fees | 0% interest if your balance drops below R20 000 |
| Access your money anytime | |
| Free inter-account transfers via app, ATM, or online | |
| Capital is guaranteed |
Who Should Consider This Option?
This account is for you if:
- You have at least R20 000 to put away
- You want to earn high interest, but still keep your money accessible
- You’re looking for a stable, low-risk investment that grows steadily
- You want to diversify your savings and build a buffer without locking it in for years
Interest Structure
This account uses a nominal interest rate, paid monthly. Here’s how it breaks down:
| Balance | Interest Rate |
| R20 000 – R99 999 | 6.25% |
| R100 000 – R999 999 | 6.35% |
| R1 000 000+ | 6.35% |
There are no surprise fees — Standard Bank doesn’t charge a monthly admin fee on this account. (For the most accurate and up-to-date interest rates, please visit standardbank.co.za)
Tax Implications (SA Law)
- The interest you earn counts as income
- But here’s the good news: if you’re under 65, the first R23 800 in interest per year is tax-free
- If you earn more than that, SARS will tax the extra at your income tax rate
- You’ll receive a tax certificate each year from Standard Bank showing your earnings
How to Apply
| Group | What You’ll Need |
| South African Citizens | SA ID + proof of residence (not older than 3 months) |
| Foreign Nationals | Passport + proof of residence + valid permit |
You can apply:
- On the Standard Bank Banking App
- Through Internet Banking
- By visiting a branch
- Or request a callback by filling in their online form
Final Thought
If you want flexibility and growth, the MoneyMarket Call account hits the sweet spot. You can add money any time, take money out when needed, and earn monthly interest that beats many traditional savings accounts.
🔎 Want to compare this with other options?
👉 Browse more accounts on Buti.co.za