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.
   

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