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What are the benefits?

Notice Accounts - Portal - Editorial - portrait@2x.png

  • Your money becomes available after 32 days
  • Earn competitive interest rates
  • Reinvest the interest or transfer it to your Global Biz or Business Flexible Savings account  
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32-day notice account interest rates

AmountNominalEffective
R0 - R24 9996.75%6.96%
R25 000 - R99 9997.25%7.50%
R100 000 - R249 9997.50%7.76%
R250 000 - R999 9997.75%8.03%
R1 000 000 - R4 999 9997.75%8.03%
R5000 000 - R19 999 9997.75%8.03%
R20 000 000+7.75%8.03%

 

Need to withdraw early?

You can withdraw or close your account anytime, but you’ll need to pay an early withdrawal fee.

The early withdrawal fee is 3% of the amount you withdraw, based on the number of days to maturity, plus a base fee of R287.50 (including VAT).

Examples

You give notice to withdraw R10 000 but withdraw the amount before the notice period ends 
  • The early withdrawal fee is calculated on the remaining 17 days of the notice period:
  • Withdrawal amount x 3% ÷ 365 x number of days + base fee
  • R10 000 × 3% ÷ 365 × 17 + R 287.50 = R301.47
You withdraw R10 000 without giving any notice
  • The early withdrawal fee is calculated over the full 32-day notice period
  • Withdrawal amount x 3% ÷ 365 x number of days + base fee
  • R 10 000 x 3% ÷ 365 × 32 + R 287.50 = R314.14

Note: To avoid the early withdrawal fee, wait for the 32-day notice period to end before withdrawing.