The FNB Call Account is a convenient savings account offered by First National Bank that requires a minimum opening balance of R1000. If you have more to invest, you can always make additional payments to your account.
When trying to save money and maximise your returns, it’s important to consider your options and to compare various accounts.
The reality is that ordinary transactional savings accounts are not a great choice in terms of the returns they offer.
With Call accounts, your money is “on call”. You get easy access to your money whenever you need it.
More about the FNB Call Account:
Clients are able to make additional deposits at any time, while interest payable is calculated on its daily balance which is paid monthly.
One of the benefits offered by this account is that no notice is required before you withdraw funds. This way, you get instant access to your savings in case or emergencies or unforeseen expenses.
No fixed investment period is required. You have the flexibility to choose for how long you want to invest.
You can also set up regular transfers into your account with a scheduled transfer and payments to third parties are allowed.
There are no monthly fees to be paid.
A rate of 5.40% is payable over 12 months.
You can open and manage your account online. By signing up for online banking, you can simply open and manage your account from wherever you are at any time of the day.
Your original deposit and quoted returns are a 100% guaranteed.
You have the option to reinvest or transfer your interest to another account.
You also have the option to make payments to third parties from your FNB Call Account.
For more information about the FNB Call Account, visit www.fnb.co.za