African Bank | Savings | Notice Deposits

Notice Deposits

A Notice Deposit Account is ideal if you'd like to build up savings and grow your money over time and still have access to your money by giving notice of withdrawal for 7, 32 or 90 days – you choose. This account may be kept for an indefinite period depending on your saving goals. Enjoy excellent interest rates while you have access to your finances (within the required notice period).

Earn interest from day one by opening a Notice Deposit Account with us. It is important to note that the interest rate on a Notice Deposit changes in line with prevailing market conditions.

Additional deposits

Additional deposits are allowed at any time into this account (minimum R100 per deposit). You can change a debit order to run on this account into a monthly savings vehicle

Notice of withdrawal

You can access your money by placing a partial or full notice of withdrawal on your account. The minimum notice amount is R500. To place notice simply phone our Contact Centre on 086 11 11 011.

How to apply

With a minimum of R500.00 opening an account is easy. We’ll help you along the way with any of your enquiries. To kick-start your savings journey simply enter your details below.

Identity document

Proof of residence

Open an investment account

Notice Deposit Calculator

How do you want to invest?

How much would you like to invest?

What notice period would you like?

Rates

Rates are quoted on a per annum basis

Terms
Minimum investment amount
Monthly interest payout
Annual interest payout
Semi-annual interest payout
Interest payout on expiry

Rates quoted are valid for today only, given that funds are received today, and may change over time.
* Interest rates on expiry are quoted for illustration purposes, based on a 12 month period.


Terms and conditions apply.
Disclaimer: African Bank cannot advise you of the tax implications of investing. It is recommended that you contact your financial advisor or your tax consultant.
To open a Notice Deposit Account please visit your nearest branch.

Downloads

Do you need more information to make your investment decision easier? Click on any of the informative African Bank documents below to download.

Investment terms and conditions
Take control of your money article
Branch investments terms and conditions
Making savings simple