Interest at Millionaire Rates
Individuals with deposit investments under R1 million
can earn the type of interest normally reserved for investments worth
R10 million and more.
How it Works
Opening an Account
To open a 7-Day Call Account, the minimum investment is R 5,000.00
and the maximum R10 million.
- You can make partial
withdrawals and additional deposits at any time after the first 7 days,
thereafter access is granted within 24 hours.
- Early withdrawals incur a
1% penalty fee of the amount withdrawn.
- Your deposits are held for
7 days before access is made available on call.
- Cheques have a 10 working
- For deposits over R10
million, excess funds are automatically transferred to a Bidvest Bank Call
- Your funds can be held in
the account for an unlimited period.
- The interest rate will be confirmed on application.
- Nominal rates are
indicative and are subject to change without prior notice.
- All nominal rates are
quoted on a nominal annual compounded monthly basis.
- Effective rates are quoted
on a nominal annual compounded annually basis.
- The effective rate quoted
is derived from the nominal rate earned on the deposit, taking into
account the effect of monthly compounding.