Grow Your Savings on Your Terms
Looking for a savings account that pays great interest but still gives you flexibility? Notice Select is one of the smartest ways to save if you can wait a little before accessing your money. Whether you’re building an emergency fund or saving towards a big goal, this account helps your money grow—with some of the highest interest rates available at Absa.
What the Account Is For
This account is perfect if you’re serious about saving but don’t need instant access to all your money.
Use it if you:
- Want to earn more interest by giving notice before you withdraw
- Need partial access to your funds for emergencies
- Want to save for short-to-medium term goals like school fees, a deposit, or a car
How the Account Works (With Examples)
You can choose how much of your savings you want to be able to access immediately (up to 50%), and how much notice you’re willing to give to access the rest (7, 15, 32 or 45 days).
Example:
Let’s say you save R25 000 and choose:
- 45-day notice
- No immediate access (100%)
You could earn 7.90% interest with the standard rate, or up to 8.15% if you manage the account digitally.
That’s roughly R1 975 interest per year (before tax), just for letting your money sit!
Interest is calculated daily and paid into your account monthly. So you’ll see your savings grow steadily over time.
Pros and Cons
| 👍 Pros | 👎 Cons |
| High interest—especially with notice | Early withdrawals come with a fee |
| Partial access to funds if needed | You must give notice to access full balance |
| No monthly management fee | Requires minimum R1 000 to earn interest |
| Can be used as loan collateral | Digital bonus rate drops if you use a branch |
Who Should Consider This Option
This account is great if:
- You’re disciplined about not touching your savings
- You want the option to access some of your money if needed
- You’re okay with planning ahead before making a withdrawal
- You’re saving for something important but not urgent
Not ideal if you need fast, regular access to your full balance.
Interest Structure Explained
There are two types of interest:
- Standard Rate: Your base interest depending on how much you save and how long you wait before withdrawing.
- Digital Bonus Rate: You get an extra boost if you manage your account entirely online or via the Absa App.
Example:
If you save R250 000 with a 45-day notice and choose 100% notice access, you could earn:
- 8.10% standard interest
- +0.25% digital bonus
- Total: 8.35%
That’s R20 875 interest per year (before tax)!
(For the most accurate and up-to-date interest rates, please visit absa.co.za)
Tax Implications
- Interest earned is fully taxable.
- Individuals under 65 don’t pay tax on the first R23 800 of interest per year.
- Beyond that, interest is added to your income and taxed accordingly.
- You’ll get a tax certificate from Absa to include in your tax return.
How to Apply
| Group | What You’ll Need |
| South African Citizens | SA ID + proof of residence (not older than 3 months) |
| Foreign Nationals | Valid passport, proof of residence + work/residence permit |
Where to Apply
- Absa Banking App
- Absa Online
- Call 0860 111 515
- Or visit your nearest Absa branch
Takeaway
Notice Select is one of the best options if you’re looking for high interest and flexibility. It rewards discipline without locking your money away completely.
✅ Want high returns
✅ Can plan your withdrawals
✅ Comfortable saving R1 000 or more
Then Notice Select might be your perfect match.