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Tax-Free Call investment account
Invest up to R36 000 per year with this tax-free investment account and get guaranteed growth on your savings.
R
250
Opening deposit
Anytime
Access to Funds
7.28%
Earn interest up to
Tax-Free Call interest rates
See how much interest you can earn depending on your account balance.
Tax-Free Call investment account
Open now
Interest rates are effective from 31 January 2025.
Nominal interest rate over 12 months.
Please select the category you would like to view the interest rates for:
Balances between R 0 - R 249
| Nominal interest rates |
|---|
| 0.0 % |
Balances between R 250 - R 14 999
| Nominal interest rates |
|---|
| 6.58 % |
Balances between R 15 000 - R 32 999
| Nominal interest rates |
|---|
| 6.73 % |
Balances between R 33 000 - R 49 999
| Nominal interest rates |
|---|
| 6.93 % |
Balances between R 50 000 - R 99 999
| Nominal interest rates |
|---|
| 7.03 % |
Balances R 100 000 and above
| Nominal interest rates |
|---|
| 7.28 % |
INTEREST RATES ARE QUOTED AS PER ANNUM RATES AND INTEREST IS PAID OUT MONTHLY.
Some of the benefits
Flexible investment
Grow your long-term investment by making monthly or occasional deposits – capped at R36 000 per year
Tax-free interest
Earn tax-free interest if you limit your lifetime contribution to R500 000
Easy access
Get immediate access to your money without having to give notice
Predictability
Your capital returns are guaranteed
How it works
- Save up to R36 000 per tax year (maximum R500 000 lifetime contribution) to enjoy tax-free pay-out and interest
- The annual limit of R36 000 applies to the total amount of all your tax-free investment accounts with Standard Bank and other institutions
- If you contribute more than the annual limit, SARS will levy a penalty of 40% on the amount that's over the limit
- The current interest rate exemption of R23 800 for under-65s (R34 500 if older) still applies to interest earned on deposits outside the tax-free savings account
- On average, if you save the full R36 000 allowed every year and earn interest of around 6%, you could exceed this annual interest exemption level from around year 10 into your savings journey
- Link your bank card for access in-app, online, at ATMs or on your phone
- Interest is calculated daily and paid monthly
- Capital is guaranteed
- Only 1 Tax-Free Call investment account per customer
How to guide to transfer funds into or out of Standard Bank
Tax-Free Call terms and conditions
General terms and conditions
What it costs
- No monthly fees
- Cash deposit fees apply
How to get it
If you’re an existing Standard Bank customer:
Apply via Internet Banking:
- Sign into your Internet Banking profile
- Navigate to the Save & Invest tab and click on the browse button
- Scroll down until you see the Tax-Free Call Investment tile
- Click on Get Account and complete the steps
Apply on our Banking App:
- Sign into the app
- Tap on the More tile
- Select Open a new account
- Tap on Savings and Investment
- Scroll down until you see the Tax-Free Call Investment tile and tap on it
If you don’t bank with us:
Complete our Call Me Back form:
- Click on the 'Open Now' button at the top of the page
- Fill in your details
- Click ‘Submit’ and one of our consultants will be in touch
What you’ll need to apply at a branch:
- ID copy (or passport if not an SA citizen)*
- Proof of residence not older than 3 months
*If you’re a minor, you’ll need the consent of your parent or guardian
-
How it works
-
What it costs
-
How to get it
- Save up to R36 000 per tax year (maximum R500 000 lifetime contribution) to enjoy tax-free pay-out and interest
- The annual limit of R36 000 applies to the total amount of all your tax-free investment accounts with Standard Bank and other institutions
- If you contribute more than the annual limit, SARS will levy a penalty of 40% on the amount that's over the limit
- The current interest rate exemption of R23 800 for under-65s (R34 500 if older) still applies to interest earned on deposits outside the tax-free savings account
- On average, if you save the full R36 000 allowed every year and earn interest of around 6%, you could exceed this annual interest exemption level from around year 10 into your savings journey
- Link your bank card for access in-app, online, at ATMs or on your phone
- Interest is calculated daily and paid monthly
- Capital is guaranteed
- Only 1 Tax-Free Call investment account per customer
How to guide to transfer funds into or out of Standard Bank
Tax-Free Call terms and conditions
General terms and conditions
- No monthly fees
- Cash deposit fees apply
If you’re an existing Standard Bank customer:
Apply via Internet Banking:
- Sign into your Internet Banking profile
- Navigate to the Save & Invest tab and click on the browse button
- Scroll down until you see the Tax-Free Call Investment tile
- Click on Get Account and complete the steps
Apply on our Banking App:
- Sign into the app
- Tap on the More tile
- Select Open a new account
- Tap on Savings and Investment
- Scroll down until you see the Tax-Free Call Investment tile and tap on it
If you don’t bank with us:
Complete our Call Me Back form:
- Click on the 'Open Now' button at the top of the page
- Fill in your details
- Click ‘Submit’ and one of our consultants will be in touch
What you’ll need to apply at a branch:
- ID copy (or passport if not an SA citizen)*
- Proof of residence not older than 3 months
*If you’re a minor, you’ll need the consent of your parent or guardian
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