If you have cash in hand, want to earn an attractive return and be able to access your money as and when required, a call deposit could be for you.
What it offers you?
- No service fee
- Attractive interest rates pegged to prevailing market rates
- Unlimited deposits
- Funds available on demand and no notice needed to transfer to current or savings accounts
- Funds on call can be used as security against advances
- No maximum balance
- Sweeping arrangement.
What do you need to apply?
- Opening deposit of KSh20,000 or its forex equivalent
- ID or passport (original and copy for new customers)
- Two passport-size photos (for new customers)
- Proof of physical address (for example, a utility bill or lease agreement for new customers)
- Introduction or reference letter from either your employer or an existing Stanbic Bank customer.