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What Is the Nedbank 32Day Notice Account?
The Nedbank 32Day Notice Account is an investment account that offers tiered, above-average interest rates on balances starting from as little as R250. Unlike a fixed deposit, you are not locked in for a set term, but unlike an instant-access savings account, you do need to give 32 days' notice before withdrawing your funds.
Whether you are building an emergency fund, saving towards a goal, or looking for a low-risk home for a lump sum, the Nedbank 32Day Notice Account offers a balance of growth and flexibility. Your capital is fully guaranteed, and the more you save, the higher your interest rate.
How Does the Nedbank 32Day Notice Account Work?
Once you open your account, either in branch, online, or via the Nedbank Money app, you deposit your funds and begin earning interest immediately from the date your deposit clears. Interest is calculated daily based on your account balance using a 365-day year and is paid into your account monthly.
You can choose to reinvest the monthly interest to compound your growth or redirect it to another account. When you need to access your funds, you simply place a 32-day notice of withdrawal, which you can do easily in the Money app or online banking. The minimum withdrawal amount is R100, and you can make additional top-up deposits at any time to increase your balance and earn a higher interest rate.
Opening and managing your account digitally also earns you a preferential rate; the Electronic 32Day Notice Account offers slightly higher rates than the standard in-branch option.
What Are the Benefits of the Nedbank 32 Day Notice Account?
The Nedbank 32Day Notice Account offers a guaranteed return on your capital with no monthly fees and no commissions, making it a cost-effective way to grow your savings. The tiered interest rate structure means that the more you save, the more you earn, with rates rising from 5.45% for smaller balances up to 7.30% per annum for digital-channel clients with balances of R500,000 and above.
You can open the account with as little as R250, making it accessible to a wide range of savers, from those just starting out to those managing a larger investment portfolio. Free stop orders from your Nedbank account make it easy to automate regular contributions.
The main trade-off to be aware of is the 32-day notice period required to access your funds. If you need instant access to your savings at all times, a standard savings account or money market account may be a better fit.
Is the Nedbank 32 Day Notice Account Savings Tax-Free?
No. Interest earned in your Nedbank 32Day Notice Account is subject to income tax and must be declared in your annual tax return. Nedbank will issue you an IT3(b) tax certificate on or before the end of June each year, summarising the interest you have earned. One tax certificate is provided free of charge per year; additional certificates may incur a fee as per the current pricing guide.
Nedbank 32 Day Notice Account Interest Rates
The Nedbank 32Day Notice Account offers tiered interest rates based on your account balance. Clients who open and manage their accounts exclusively through digital channels earn a higher rate.
Balance | Digital Channel Rate (Nominal p/a) | Standard Rate (Nominal p/a) |
Under R2,500 | 5.45% | 5.45% |
R2,500 – R24,999 | 5.95% | 5.95% |
R25,000 – R49,999 | 6.20% | 6.10% |
R50,000 – R99,999 | 6.30% | 6.25% |
R100,000 – R249,999 | 6.95% | 6.70% |
R250,000 – R499,999 | 7.25% | 6.80% |
R500,000 and above | 7.30% | 6.80% |
Nominal interest rate: the annualised interest rate earned, calculated on your daily balance if interest is paid out monthly. Interest rates as at November 2025. Rates are subject to change in line with market conditions.
Nedbank 32 Day Notice Account Fees and Charges
The table below sets out the key fees for the Nedbank 32 Day Notice Account:
Fee Type | Amount |
Monthly fee | Zero |
Commissions | None |
Minimum opening deposit | R250 |
Notice period to access funds | 32 days |
Minimum withdrawal amount | R100 |
Stop orders from Nedbank account | Free |
Additional deposits | Permitted at any time |
Cash deposit fees | May apply — see 2026 pricing guide |
Interest payment | Monthly (paid out or reinvested) |
Interest calculation | Daily, based on 365-day year |
Tax certificate (IT3(b)) | One free per year |
Additional tax certificates | Fee applies — see pricing guide |
Important: Interest begins accumulating from the date your deposit clears, which may differ from your account-opening date. If there is a rate change between your deposit date and your account-opening date, the rate applicable on the date funds cleared will apply.
Download the Nedbank 2026 pricing guide for a full schedule of applicable fees.
FAQ
Who is the Nedbank 32 Day Notice Account best suited for?
This account suits savers who want to earn more than a standard savings account offers, without committing to a fixed deposit. It's ideal if you have a medium-term savings goal, want guaranteed capital, and can afford to give 32 days' notice before accessing your funds. With a minimum opening deposit of just R250, it is accessible to a wide range of savers.
Can I withdraw money at any time?
Not immediately. Unlike an instant-access savings account, the Nedbank 32Day Notice Account requires you to give 32 days' notice before a withdrawal is processed. You can place your notice of withdrawal easily via the Nedbank Money app or online banking. The minimum withdrawal amount is R100.
How does the Nedbank 32 Day Notice Account compare to a fixed deposit?
A fixed deposit typically offers higher interest rates but locks your money away for a fixed term with no option to withdraw early. The 32Day Notice Account gives you more flexibility — you can access your funds within 32 days, and top up your balance at any time. If you don't need immediate access and want the highest possible rate, consider comparing Nedbank's fixed deposit options.
What happens if my balance drops below R250?
If your balance falls below the minimum opening deposit of R250, you will still earn interest based on the applicable balance tier. However, it is worth keeping your balance above R2,500 to qualify for a higher rate tier and maximise your returns.
Is my money safe in the Nedbank 32 Day Notice Account?
Yes. Your original capital and quoted returns are 100% guaranteed. This makes the 32Day Notice Account a low-risk option for growing your savings. Nedbank is also registered with the South African Reserve Bank, and deposits may be covered under the Corporation for Deposit Insurance (CODI) — visit the Nedbank website for more information.
How is interest calculated and paid?
Interest is calculated daily based on your account balance using a 365-day year. It is paid into your account monthly. You can choose to reinvest this interest to benefit from compounding growth, or redirect it to another account of your choice.
Fees and interest rates are subject to change. Visit personal.nedbank.co.za or download the 2026 pricing guide for the most current information.