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Tax-Free Call investment account

PB Tax-Free Call investment account Product Detail Banner

Put as much as R36 000 a year tax-free and get immediate access to your funds with this investment account.

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
 
TAX-FREE CALL INTEREST RATES

See how much interest you can earn depending on your account balance.

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

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

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

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

See 2021  pricing guide

How to get it

Already have a bank account with us?

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
  • Click Open and complete the steps

Not a Standard Bank customer?

  • Complete our Call Me Back form and a consultant will be in touch with you to assist with opening an account
  • Please have the following documents ready:
    • Your South African ID (or passport if not a South African 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

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

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

  • No monthly fees
  • Cash deposit fees apply

See 2021  pricing guide

Already have a bank account with us?

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
  • Click Open and complete the steps

Not a Standard Bank customer?

  • Complete our Call Me Back form and a consultant will be in touch with you to assist with opening an account
  • Please have the following documents ready:
    • Your South African ID (or passport if not a South African 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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