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Call Deposit Account

What is a 'Call Deposit Account'

A call deposit account is a bank account for investment funds that offers the advantages of both a savings and a checking account. Like a checking account, a call deposit account has no fixed deposit period, provides instant access to funds and allows unlimited withdrawals and deposits. The call deposit also provides the benefits of a savings account through the accrual of interest. Next Up Bank Deposits Deposit Interest Rate Demand Deposit Deposit

Explaining 'Call Deposit Account'

Call deposit accounts provide the benefits of an interest bearing account without the risk of withdrawal penalties. The rate of interest a call deposit account pays depends on the amount of money in the account, a system commonly referred to as banded interest rates. Depositors may have to meet a minimum balance threshold before they earn any interest, and different currencies may earn at different interest rates.

Call Deposit Account Functions and Features

Along with higher interest rates and a guaranteed level of liquidity, call deposit accounts can be accessed at any time based on the availability of online, mobile or phone banking as well as ATM access. Remote check deposits or direct deposit may be available depending on the precise services offered by the institution.

Regulation D

Regulation D, a regulation in place at the federal level, provides restrictions on the number of withdrawals that can be made from interest-bearing accounts, such as high interest savings accounts and money market accounts, generally placing the limit at six withdrawals per month. Call deposit accounts are not subjected to these limits, leading to higher levels of liquidity. This does mean that a traditional high yield savings account may offer a higher interest rate at the cost of liquidity.

International Currency Withdrawals

Additionally, call deposit accounts allow investors to deposit and withdraw funds in several currencies, which commonly include the U.S. dollar, the euro and the British pound. This flexibility reduces investors' exposure to foreign exchange expenses and currency risk. Call deposit accounts often have minimum deposit requirements to establish an account and may have minimum daily balance requirements.

Call Deposit Account FAQ

What is a call deposit account?

A call deposit account is a bank account for investment funds that serves as both a savings and a checking account. Call deposit accounts have no withdrawal limit and is accessible any time.

What is the difference between call and current account?

A Call Deposit makes your cash readily accessible, and still allows you to earn a higher return. Conversely, a Current Account is not for savings or investment purposes. This account has no end date, unless the customer wants it closed.

What is a fiduciary call?

A fiduciary call is used by an investor as a trading strategy to reduce the costs that comes with exercising a call option. The investor can find it cost effective provided that the required cash to use this strategy is available.

Are CD's a good investment?

Certificates of deposit, or CDs, is an FDIC-insured savings account that has a fixed interest rate and term. Now is a good time to put money in CD's because of the relatively high interest rates.

Which bank has the highest interest rate for time deposit?

Banks with the highest interest rates for Time Deposit Accounts in the Philippines are: Security Bank. PBCOM. EastWest Bank. RCBC. Maybank Philippines. PSBank. BPI Direct / Family Savings Bank. China Bank.

What is the difference between demand deposit and saving deposit?

Demand deposit accounts have greater liquidity and accessibility in comparison with term deposits, but the interest rates are low, and there may also be fees for account handling. Examples are regular checking accounts, savings accounts, or money market accounts.

Can you lose your money in a CD?

A CD offers to pay interest rate to a customer in exchange of leaving the lump-sum investment with a bank for a specified timeframe. FDIC insures Standard CDs up to $250,000, so there can't be loss in value.

Further Reading


What's in a name? That which we call capital controls
academic.oup.com [PDF]
… THAT WHICH WE CALL CAPITAL CONTROLS … Charge on nonresident holders of short-term balances, and payment of no interest on any foreign deposit 1971-79 - RR on the grow th and level of external liabilities - Charge on nonresident accounts - uthorization required for …

Financial markets and economic growthFinancial markets and economic growth
onlinelibrary.wiley.com [PDF]
… THAT WHICH WE CALL CAPITAL CONTROLS … Charge on nonresident holders of short-term balances, and payment of no interest on any foreign deposit 1971-79 - RR on the grow th and level of external liabilities - Charge on nonresident accounts - uthorization required for …

Uses of financial accounts in monetary analysisUses of financial accounts in monetary analysis
onlinelibrary.wiley.com [PDF]
… THAT WHICH WE CALL CAPITAL CONTROLS … Charge on nonresident holders of short-term balances, and payment of no interest on any foreign deposit 1971-79 - RR on the grow th and level of external liabilities - Charge on nonresident accounts - uthorization required for …

Systems and methods for scoring bank customers direct deposit account transaction activity to match financial behavior to specific acquisition, performance and risk …Systems and methods for scoring bank customers direct deposit account transaction activity to match financial behavior to specific acquisition, performance and risk …
patents.google.com [PDF]
… THAT WHICH WE CALL CAPITAL CONTROLS … Charge on nonresident holders of short-term balances, and payment of no interest on any foreign deposit 1971-79 - RR on the grow th and level of external liabilities - Charge on nonresident accounts - uthorization required for …

The productivity of the banking sector: Integrating financial and production approaches to measuring financial service outputThe productivity of the banking sector: Integrating financial and production approaches to measuring financial service output
www.jstor.org [PDF]
… THAT WHICH WE CALL CAPITAL CONTROLS … Charge on nonresident holders of short-term balances, and payment of no interest on any foreign deposit 1971-79 - RR on the grow th and level of external liabilities - Charge on nonresident accounts - uthorization required for …

Economic growth, financial deepening, and financial inclusionEconomic growth, financial deepening, and financial inclusion
books.google.com [PDF]
… THAT WHICH WE CALL CAPITAL CONTROLS … Charge on nonresident holders of short-term balances, and payment of no interest on any foreign deposit 1971-79 - RR on the grow th and level of external liabilities - Charge on nonresident accounts - uthorization required for …

Deposit insurance, bank regulation, and financial system risksDeposit insurance, bank regulation, and financial system risks
www.sciencedirect.com [PDF]
… THAT WHICH WE CALL CAPITAL CONTROLS … Charge on nonresident holders of short-term balances, and payment of no interest on any foreign deposit 1971-79 - RR on the grow th and level of external liabilities - Charge on nonresident accounts - uthorization required for …

The growth of financeThe growth of finance
www.aeaweb.org [PDF]
… THAT WHICH WE CALL CAPITAL CONTROLS … Charge on nonresident holders of short-term balances, and payment of no interest on any foreign deposit 1971-79 - RR on the grow th and level of external liabilities - Charge on nonresident accounts - uthorization required for …



Q&A About Call Deposit Account


What is a call deposit account?

A call deposit account is a bank account for investment funds that offers the advantages of both a savings and checking accounts.

How do you access funds in a call deposit account?

You can access funds via online banking, mobile banking or phone banking as well as ATM access.

Are there restrictions on how many times you can withdraw from your call deposit account per month?

No. There are no limits on withdrawals from your high yield savings accounts or money market accounts. Call deposits do not have withdrawal limits imposed by regulation D at the federal level. This means that you have higher levels of liquidity with this type of account than with other types of high yield savings accounts or money market accounts which may offer higher interest rates but less liquidity.

What are the benefits of a call deposit account?

A call deposit provides instant access to funds, allows unlimited withdrawals and deposits, has no fixed term period, and accrues interest.