Call Deposit Account
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?
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Further Reading
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …