What is Call Account Rate?
Call Account is a flexible interest-bearing saving account that requires you to maintain a certain amount of deposit to earn you a pre-negotiated interest.
Best Call Account Rate In South Africa
Below are some of the Best Call Account Rates.
| Absa Cash Invest Tracker immediate Min Deposit: R100k | 8.4 – 8.55% |
|---|---|
| Sasfin Call Account immediate Min Deposit: R20k | 7.5% |
| Standard Bank MoneyMarket Select immediate Min Deposit: R100k | 7.85 – 8.2% |
| Standard Bank MoneyMarket Call Account immediate Min Deposit: R20k | 6.8 – 6.9% |
What are interest rates on calls?
An interest rate call option gives the buyer the right, but not the obligation, to pay a fixed rate and receive a variable rate. If the underlying interest rate at expiration is higher than the strike rate, the option will be in the money and the buyer will exercise it.