Read about the MoneyMarket Call Investment account
If you’re looking for a savings product that strikes the perfect balance between high returns and easy access, the MoneyMarket Call Account from Standard Bank could be the answer. With interest rates of up to 6.35% and no penalties for withdrawals, it’s ideal for those who want to earn solid returns without locking away their funds.
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Interest Rate
Earn interest up to: 6.35%.
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Monthly Fees
No monthly fees.
Tax Implications
• Interest earned on the MoneyMarket Call Investment Account is taxable.
• As per SARS regulations, individuals under 65 qualify for annual interest exemptions of up to R23,800.
• Individuals 65 and older qualify for exemptions up to R34,500.
• If the interest earned exceeds these thresholds, it must be declared as income
Read More
Read about the MoneyMarket Call Investment account
If you’re looking for a savings product that strikes the perfect balance between high returns and easy access, the MoneyMarket Call Account from Standard Bank could be the answer. With interest rates of up to 6.35% and no penalties for withdrawals, it’s ideal for those who want to earn solid returns without locking away their funds.
Read More
What you need to apply
- Opening deposit of R20,000
- Your South African ID
- Proof of residence
(not older than three months)
- Opening deposit of R20,000
- Valid Passport
- Proof of residence
(not older than three months)
- Work/Resident permit
You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.
