Standard Bank MoneyMarket Call Account Review for November 2024
Introduction
The Standard Bank MoneyMarket Call Account is a savings account offered by Standard Bank. Unlike notice or fixed deposits, savings accounts allow quick and easy access to your money.
This page summarises interest rates offered by Standard Bank MoneyMarket 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 Standard Bank MoneyMarket Call Account compare to other banks.
Earn top rates with this investment account and get quick access to your funds for those rainy days.
Standard Bank MoneyMarket Call Account highlights
last updated 1st November 2024 by Walter
- The Standard Bank PureSave offers interest rates 5.25% - 5.55% and accepts investments from R0
- The Standard Bank MoneyMarket Select offers interest rates 8.05% - 8.40% and accepts investments from R100,000
Standard Bank MoneyMarket Call Account
This table shows Standard Bank MoneyMarket Call Account's interest rates for a R20,000 and R100,000 investment in Standard Bank MoneyMarket Call Account versus the industry average.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R20,000 | 6.75% #7 out of 16 | 5.09% | + R 351 |
| R100,000 | 6.85% #13 out of 19 | 6.66% | + R 204 |
- 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 Standard Bank MoneyMarket Call Account.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R20,000 for 18+ | 6.75% | 5.09% | + 351 |
| R100,000 for 18+ | 6.85% | 6.66% | + 204 |
- 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 Standard Bank MoneyMarket Call Account.
You get a 6.85% interest rate at Standard Bank MoneyMarket Call Account for a R100,000 investment. The industry average for a savings account with a balance of R100,000 is 6.66%. Over one year you will earn R204 more in interest at Standard Bank MoneyMarket Call Account compared to the average savings account.
Here are other similar savings accounts in South Africa which require a minimum deposit between R20,000 - R20,000
| Account | Min Deposit | Rate |
|---|---|---|
| Standard Bank MoneyMarket Call Account | R20,000 | 6.75% - 6.85% |
| Sasfin Call Account | R20,000 | 7.75% |
| Nedbank Money Market Investment Account | R20,000 | 0.00% - 7.95% |