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SSFUND Day 9 Products

Quiz by Rose

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20 questions
Show answers
  • Q1
    Which is NOT an available interest payment option with a Bonus Deposit
    Yearly
    Daily
    Monthly
    Quarterly
    30s
  • Q2
    The Club Account is a collective saving vehicle for a social or savings club. Notice must be given to withdraw funds?
    False
    True
    30s
  • Q3
    NotifyMe is a free value-add for Club Accounts.
    False
    True
    30s
  • Q4
    Which account may NOT be opened by a Sales Consultant?
    Notice Select
    Fixed Deposit
    Islamic Target Save
    Cash Invest Tracker
    30s
  • Q5
    What is the minimum opening amount for a Notice Select account?
    R100
    R1 000
    R10 000
    R100 000
    30s
  • Q6
    A Fixed Deposit’s investment periods range from 9 days to 60 months?
    True
    False
    30s
  • Q7
    Customers with a Bonus Deposit may not access their funds prior to the maturity date.
    True
    False
    30s
  • Q8
    Funds in a Fixed Deposit are fixed for a specified period at a fixed interest rate guaranteed upfront.
    True
    False
    30s
  • Q9
    Which is not a consideration for customers who wish to open a Notice Select account?
    Notice Period
    Prime-Linked
    Balance on Account
    Liquidity
    30s
  • Q10
    Customers receive monthly statements with an Islamic Term Deposit?
    False - Only on Request
    True
    30s
  • Q11
    The Islamic Term Deposit is targeted at customers above the age of _____ who are looking to invest money in a Shari’ah-compliant product.
    16
    21
    18
    30s
  • Q12
    Interest on the Notice Select account is calculated and capitalised daily.
    False
    True
    30s
  • Q13
    The Cash Invest Tracker is a capital guaranteed instant access deposit account with interest rates that are ________.
    Prime-Linked
    Tiered
    Flat
    30s
  • Q14
    Trusave customers will earn interest on balances below R50.
    False - only on balances above R50
    True
    30s
  • Q15
    A tiered interest rate is paid on all balances above R50 on a Trusave account.
    True
    False – a flat interest rate is paid
    30s

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