32-Day Investment Notice Account

Earn higher interest with our notice deposit savings plan.

What are the benefits?

- Your money becomes available after 32 days

- Earn competitive interest rates

- Reinvest the interest or transfer it to your Global Investment Account or Nominated Personal Bank 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 Investment 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).

 

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