Bidvest Bank Call Account Review for December 2024
Introduction
The Bidvest Bank Call Account is a savings account offered by Bidvest. Unlike notice or fixed deposits, savings accounts allow quick and easy access to your money.
This page summarises interest rates offered by Bidvest Bank Call Account and compares them to South Africa's savings account industry average. So you can get a good idea how the interest rates offered by Bidvest Bank Call Account compare to other banks.
Starting at a minimum deposit of R1 000, have the freedom to deposit and withdraw at any time with no fixed periods and no monthly fees. There is the option to capitalise the interest and compound it or to have it paid out monthly to a nominated account. The higher the balance in the account, the higher our competitive interest rate.
Bidvest Bank Call Account highlights
last updated 2nd December 2024 by Walter
Bidvest Bank Call Account
This table shows Bidvest Bank Call Account's interest rates for a R1, R10,001, R25,001, R50,001 and R75,001 investment in Bidvest Bank Call Account versus the industry average.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R1 | 3.70% #8 out of 13 | 4.27% | - R 0 |
| R10,001 | 3.95% #9 out of 14 | 4.61% | - R 69 |
| R25,001 | 4.20% #11 out of 16 | 5.07% | - R 227 |
| R50,001 | 5.20% #13 out of 17 | 6.24% | - R 550 |
| R75,001 | 5.70% #13 out of 17 | 6.27% | - R 454 |
- 1 industry average refers to the average interest rate across all other savings accounts for the given investment amount
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average savings account in South africa will give you more than Bidvest Bank Call Account.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R1 for 18+ | 3.70% | 4.27% | - 0 |
| R10,001 for 18+ | 3.95% | 4.61% | - -69 |
| R25,001 for 18+ | 4.20% | 5.07% | - -227 |
| R50,001 for 18+ | 5.20% | 6.24% | - -550 |
| R75,001 for 18+ | 5.70% | 6.27% | - -454 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average savings account in South africa will give you more than Bidvest Bank Call Account.
You get a 5.7% interest rate at Bidvest Bank Call Account for a R75,001 investment. The industry average for a savings account with a balance of R75,001 is 6.27%. Over one year you will earn R454 less in interest at Bidvest Bank Call Account compared to the average savings account.
Here are other similar savings accounts in South Africa which require a minimum deposit between R0 - R10,000
| Account | Min Deposit | Rate |
|---|---|---|
| AfricanBank Power Pocket | R1 | 1.00% |
| AfricanBank MyWorld | R1 | 1.00% |
| AfricanBank Savings Pocket | R1 | 6.25% |
| Capitec Savings | R0 | 2.50% - 6.65% |
| FNB Linked Savings | R1 | 6.55% - 7.25% |
| Standard Bank PureSave | R0 | 5.00% - 5.30% |
| Discovery Demand Savings Account | R10,000 | 7.25% |
| Bidvest Bank Call Account | R1,000 | 3.70% - 5.70% |
| Nedbank Just Invest | R500 | 6.00% - 7.40% |
| TymeBank GoalSave | R1 | 7.00% |
| BankZero Savings | R1 | 5.45% - 7.30% |