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Tax-Free Call investment account

PB Tax-Free Call investment account Product Detail Banner

Invest, tax-free, up to R 33 000 a year with immediate access to your money.

Some of the benefits

Flexibility

Invest tax free up to R 33 000 a year with monthly or occasional deposits

Monthly payouts

Choose to transfer the monthly interest earned into any other account

Instant access

Get immediate access to your money without having to give notice
 
Tax Free Call Account interest rates

View interest earned per account balance band

What you get
  • Save  up to R33 000 per tax year and the interest earned will be tax free
  • The annual limit of R33 000 applies to the total amount of all your tax free investment accounts
  • If you contribute more than the annual limit, SARS will levy a penalty of 40% on the amount that's over the limit
  • Invest  with monthly or occasional deposits from R 250
  • Interest can be transferred to any other account
  • Link your bank card for access in-app, online, at ATMs or your phone
  • Interest calculated daily and paid monthly
  • Capital is guaranteed

See Tax Free Call account brochure
See Tax-Free Call T&Cs
See general T&Cs

How it works
  • The current interest rate exemption of R 23 800 for under-65s (R 34 500 if older) still applies to interest earned on deposits outside the tax-free savings account
  • On average, if you save the full R 33 000 allowed every year and earn interest of around 6%, you could exceed this annual interest exemption level from around year 10 into your savings journey
  • You can open multiple tax-free accounts, as long as you don’t exceed the annual limit of R 33 000 across all accounts or your additional deposits will be taxed at 40%

How to guide to transfer funds into or out of Standard Bank

What it costs
  • No monthly fees
  • Cash deposit fees apply

See 2019 pricing guide

How to get it

What you’ll need

  • ID copy (or passport if not an SA citizen)*
  • Proof of residence not older than 3 months

*If you’re a minor, you’ll need the consent of your parent or guardian
 

  • What you get
  • How it works
  • What it costs
  • How to get it
  • Save  up to R33 000 per tax year and the interest earned will be tax free
  • The annual limit of R33 000 applies to the total amount of all your tax free investment accounts
  • If you contribute more than the annual limit, SARS will levy a penalty of 40% on the amount that's over the limit
  • Invest  with monthly or occasional deposits from R 250
  • Interest can be transferred to any other account
  • Link your bank card for access in-app, online, at ATMs or your phone
  • Interest calculated daily and paid monthly
  • Capital is guaranteed

See Tax Free Call account brochure
See Tax-Free Call T&Cs
See general T&Cs

  • The current interest rate exemption of R 23 800 for under-65s (R 34 500 if older) still applies to interest earned on deposits outside the tax-free savings account
  • On average, if you save the full R 33 000 allowed every year and earn interest of around 6%, you could exceed this annual interest exemption level from around year 10 into your savings journey
  • You can open multiple tax-free accounts, as long as you don’t exceed the annual limit of R 33 000 across all accounts or your additional deposits will be taxed at 40%

How to guide to transfer funds into or out of Standard Bank

  • No monthly fees
  • Cash deposit fees apply

See 2019 pricing guide

What you’ll need

  • ID copy (or passport if not an SA citizen)*
  • Proof of residence not older than 3 months

*If you’re a minor, you’ll need the consent of your parent or guardian
 

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