7-day Call Account
Ideal for businesses with large sums of surplus cash. The 7-day call account is an alternative to locking funds into long term deposit accounts. This account carries a higher rate of interest than ordinary savings accounts but gives the customer the flexibility of withdrawals providing a 7 day notice period is given.
Features
- Minimum opening balance of $50,000 and once that balance is maintained interest is paid to your account monthly.
- There are no chequing facilities on a Seven Day Call Account
- Statements are sent monthly to account holders
Benefits
- Cash is not tied into long term deposit accounts.
- Ability to earn a higher rate of interest on shorter term deposits.
- Withdrawals can be made at any time providing the Bank is given seven (7) days notice prior to the withdrawal.
Come in and talk to us today!