MoneyMarket Call is a premium investment account that earns highly competitive interest rates and the funds deposited are available immediately. There is no defined investment period, so funds can be invested in the money market indefinitely. There are no upfront commissions or fees, and your capital is secure. The minimum opening deposit requirement is R 20 000 and the minimum balance requirement is R 20 000.
The current interest rates (effective 18 March 2016) are:
|Balance bands||Nominal rate||Effective rate|
|R20 000 to R99 999||6.00%||6.17%|
|R100 000 to R249 999||6.40%||6.59%|
|R250 000 to R499 999||6.40%||6.59%|
|R500 000 to R999 999||6.40%||6.59%|
|R1 000 000 to R19 999 999||6.45%||6.64%|
|R20 000 000 and above||6.50%||6.70%|
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