Call Deposit 11am
Call Deposit 11am Meaning:
An 11am call deposit is a type of short term deposit account product where an investor deposits funds with with the financial institution on an overnight basis. It can provide access to these funds if notice for withdrawal is received before 11am.
An 11am call deposit is a type of short term deposit account product where an investor deposits funds with with the financial institution on an overnight basis. It can provide access to these funds if notice for withdrawal is received before 11am.
This type of product is available from some banks in Australia and suits investors who would seek a highly liquid short term account to gather interest on their surplus cash funds.