32-Day Notice Account

Earn higher interest with our notice deposit savings plan.

Notice Account Rates Open an Account Business Banking FAQs

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

32-day notice account interest rates

Amount	Nominal	Effective
R0 - R24 999	6.25%	6.43%
R25 000 - R99 999	6.75%	6.96%
R100 000 - R249 999	7.00%	7.23%
R250 000 - R999 999	7.25%	7.50%
R1 000 000 - R4 999 999	7.25%	7.50%
R5000 000 - R19 999 999	7.25%	7.50%
R20 000 000+	7.25%	7.50%

The nominal interest rate refers to the interest you’d earn over a year, if the interest you’d monthly earn is not reinvested in your account, but monthly transferred from your account.

The effective annual interest rate is the interest you’d earn over a year if the interest is reinvested in your account, i.e. the interest is added to the account balance every month. Interest is earned on interest.

Note: The Notice Deposit savings account interest rate will fluctuate with market conditions and is not set at a fixed interest rate.

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 × 3%) × Number of Days ÷ 365) + base fee
((R10 000 x 3%) x 17 ÷ 365) + R287.50 = 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 × 3%) × Number of Days ÷ 365) + base fee
((R10 000 x 3%) x 32 ÷ 365) + R287.50 = R313.80

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