Save smart with flexibility that fits your life.
If you don’t need your money right away, this account could reward you with great interest—especially if you’re willing to wait a little.
What the Account Is For
This is a short- to medium-term savings account. You pick how much notice you’re willing to give before withdrawing money (between 7 and 60 days), and in return, you earn better interest the longer you wait.
It’s great if you’re:
- Planning ahead for school fees, renovations, or a lump-sum expense
- Wanting to grow your savings without locking your money away for years
How the Account Works (With Examples)
You choose one of six notice periods: 7, 14, 21, 32, 45, or 60 days.
- Once you’ve picked, you can’t access those funds immediately. You’ll need to give that much notice before withdrawing.
- The more you save, and the longer your notice period, the more interest you earn.
Example:
If you deposit R50,000 and choose a 60-day notice, you’ll earn 7.28% per year (as of the latest rates). That’s R3,640 in interest after one year—without touching your capital.
You can also:
- Make deposits anytime from as little as R100
- Set up monthly stop orders to build your savings automatically
- Withdraw early (but expect a penalty fee)
Pros and Cons
| 👍 Pros | 👎 Cons |
| Earn up to 7.72% interest | You can’t withdraw immediately—notice is required |
| Flexible deposits | Early withdrawal fees apply |
| Choose how long you want to lock your money | No debit or stop orders allowed |
| Capital is guaranteed | Minimum withdrawal is R100 |
| No monthly admin fees | Interest rate can change |
Who Should Consider This Option?
This account works well if you want a balance between growth and control.
You should consider it if:
- You have R250 or more to set aside
- You’re comfortable waiting 7 to 60 days before accessing your money
- You want a low-risk, interest-earning place to park your savings
- You value predictability, but also flexibility
Interest Structure
Interest is calculated daily and paid monthly. It depends on:
- Your balance, and
- Your notice period
Here’s a simplified snapshot of the rates (as of 2025):
| Balance | 7 Days | 60 Days |
| R250 – R4,999 | 3.34% | 6.44% |
| R5,000 – R19,999 | 3.45% | 6.45% |
| R20,000 – R99,999 | 4.57% | 7.17% |
| R100,000 – R999,999 | 5.73% | 7.28% |
| R1 million+ | 6.02% | 7.72% |
Tip: Choose a 60-day notice with a higher balance to earn the top interest.
(For the most accurate and up-to-date interest rates, please visit standardbank.co.za)
Tax Implications (South African Laws)
- Interest earned is taxable.
- However, individuals under 65 can earn up to R23,800 interest per year tax-free.
- Any interest above that is added to your income and taxed accordingly.
- The bank will issue you a tax certificate annually to help with filing.
How to Apply
| Group | Documents Needed |
| South African Citizens | SA ID, proof of residence (not older than 3 months) |
| Foreign Nationals | Valid passport, proof of residence, work/residence permit |
| Age | Must be 16 years or older |
Ways to Apply:
- Banking App
- Standard Bank Online Banking
- Call 0860 111 515
- Visit your nearest branch
- If you’re not a customer: Fill in a “Call Me Back” form online
Buti’s Take
This account gives you flexibility while still offering some of the highest rates you can get without locking your money in for years. Just be disciplined enough to wait out your notice period—and you’ll be rewarded for your patience.
If you don’t need access right away, the Notice Deposit Investment Account could be your savings sweet spot.
👉 Apply now and let your money grow while you plan ahead.