Deposit Accounts

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!