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- African Bank offers three types of notice accounts. African Bank African Bank 7 day notice pays an interest rate of 7.73% for balances over R500.0 African Bank African Bank 32 day notice pays an interest rate of 8.19% for balances over R500.0 African Bank African Bank 90 day notice pays an interest rate of 8.42% for balances over R500.0
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Does African bank offer a notice account?
What is the African bank 7 day notice account?
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What is a South African notice account?
Apr 28, 2017 · The African Bank 7 day Notice Account offers clients a convenient way to save money, with the opportunity to earn interest. You have the option of being able to personalise your account to your needs while receiving a competitive prime linked interest rate.
Mar 19, 2024 · African Bank offers notice accounts ranging from seven days to ninety days. African Bank’s 7-day notice account has the lowest interest rate of 5.37% and an effective interest rate of 5.50%. The money invested in the 7 days notice account is accessible within 7 days.
- The Best Interest Rates
- Financial Safety Net
- Available When You Need It
Notice accounts offer very competitive interest rates; with the African Bank 32-day notice account you can earn up to 8.1 percent in interest. You can think of this as the bank thanking you for saving your money.
Money you contribute to it can be used to take care of emergencies, such as car trouble or home repairs. It offers you a financial safety net especially in the current financial climate, reducing your reliance on credit when life unexpectedly throws you a curveball.
Once you invest your lump sum, it’s locked in. You won’t have access to the funds as you would on a regular savings account. Not being able to access your savings on a whim will mean that large purchases are out of the question.
Sep 2, 2024 · The best 90-day notice account interest rate in South Africa is 8.4% offered by Access Bank Plc. You will need a minimum account balance of R5m to get this interest rate. Sasfin has the second best 90-day notice deposit interest rate in South Africa at 8.95%.
A 32-day notice account (also known as a notice deposit investment) is a type of savings account that requires you to give the bank a 32-day notice before withdrawing your funds. This notice period allows banks to offer higher interest rates compared to accounts that provide immediate access to funds.
Sep 2, 2024 · Notice accounts. African Bank offers three types of notice accounts. African Bank African Bank 7 day notice pays an interest rate of 7.73% for balances over R500.0. African Bank African Bank 32 day notice pays an interest rate of 8.19% for balances over R500.0.
With the African Bank Notice Deposit Investment Account you can invest from as little as R500 with market leading rates and a variety of terms including (7, 32 or 90 days notice). This gives you flexible access to your money.
