In deposit terminology, the term call deposit refers to a specific type of interest bearing investment account that allows a person to withdraw their money from their account without a penalty. This is what is known as on demand withdrawals without prior notification to the bank. The NMB Call Deposit Account can be linked to the business current account to create a seamless movement of funds between the accounts.

The NMB Call Deposit Account has the following features:

  • Tiered interest rate structure - the higher the account balance the higher the interest earned
  • No minimum operating balance
  • Immediate access to funds
  • Interest is calculated daily and paid monthly
  • Intraday movement of funds
  • Can link call deposit account to a business current account

Our clients will enjoy the following benefits:

  • Investment opportunities without locking in funds
  • Immediate access to funds
  • Access to other products and services

Who would benefit?

Target market for the NMB Call Deposit Account is all clientele who are characterized with excess liquidity and have a need to invest with the ability to utilize the funds on demand. The target market includes:

  • Pension funds
  • Insurance companies
  • Oil & gas companies
  • Large corporates, etc.
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