South Africa
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Tax-Free Call investment account
Put as much as R36 000 a year tax-free and get immediate access to your funds with this investment account.
R
250
opening deposit
Anytime
Access to Funds
8.25%
earn interest up to
TAX-FREE CALL INTEREST RATES
See how much interest you can earn depending on your account balance.
TAX-FREE CALL INVESTMENT ACCOUNT
Interest rates are effective from 26 May 2023
Nominal interest rate over 12 months.
Some of the benefits
Flexibility
Invest up to R36 000 a year by making monthly or occasional deposits
Tax-free interest
Earn tax-free interest if you limit your lifetime contribution to R500 000
Instant access
Get immediate access to your money without having to give notice
What you get
- Save up to R36 000 per tax year and the interest earned will be tax-free
- The annual limit of R36 000 applies to the total amount of all your tax-free investment accounts with Standard Bank and other institutions
- If you contribute more than the annual limit, SARS will levy a penalty of 40% on the amount that's over the limit
- Interest can be paid into any other account
- Link your bank card for access in-app, online, at ATMs or on your phone
- Interest is calculated daily and paid monthly
- Capital is guaranteed
- Only 1 (one) Tax-Free Call investment account per customer
Tax-Free Call terms and conditions
General terms and conditions
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 R36 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
What it costs
- No monthly fees
- Cash deposit fees apply
How to get it
If you’re an existing Standard Bank customer:
Apply via Internet Banking:
- Sign into your Internet Banking profile
- Navigate to the Save & Invest tab and click on the browse button
- Scroll down until you see the Tax-Free Call Investment tile
- Click on Get Account and complete the steps
Apply on our Banking App:
- Sign into the app
- Tap on the More tile
- Select Open a new account
- Tap on Savings and Investment
- Scroll down until you see the Tax-Free Call Investment tile and tap on it
If you don’t bank with us:
Complete our Call Me Back form:
- Click on the 'Open Now' button at the top of the page
- Fill in your details
- Click ‘Submit’ and one of our consultants will be in touch
What you’ll need to apply at a branch:
- 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 R36 000 per tax year and the interest earned will be tax-free
- The annual limit of R36 000 applies to the total amount of all your tax-free investment accounts with Standard Bank and other institutions
- If you contribute more than the annual limit, SARS will levy a penalty of 40% on the amount that's over the limit
- Interest can be paid into any other account
- Link your bank card for access in-app, online, at ATMs or on your phone
- Interest is calculated daily and paid monthly
- Capital is guaranteed
- Only 1 (one) Tax-Free Call investment account per customer
Tax-Free Call terms and conditions
General terms and conditions
- 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 R36 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
- No monthly fees
- Cash deposit fees apply
If you’re an existing Standard Bank customer:
Apply via Internet Banking:
- Sign into your Internet Banking profile
- Navigate to the Save & Invest tab and click on the browse button
- Scroll down until you see the Tax-Free Call Investment tile
- Click on Get Account and complete the steps
Apply on our Banking App:
- Sign into the app
- Tap on the More tile
- Select Open a new account
- Tap on Savings and Investment
- Scroll down until you see the Tax-Free Call Investment tile and tap on it
If you don’t bank with us:
Complete our Call Me Back form:
- Click on the 'Open Now' button at the top of the page
- Fill in your details
- Click ‘Submit’ and one of our consultants will be in touch
What you’ll need to apply at a branch:
- 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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