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Effective 23 August 2007

  Nominal % pa Effective % pa

Diamond Cheque Accounts
Silver 0.00 -
Gold 0.00 -
Platinum 5.50 5.64

Current Accounts VIP 5.00 5.12

Diamond 10 000
Investment cheque account 5.00 5.12

Diamond Save Youth Savings Account
(under 19 years or students) 6.50 6.70

Diamond Save Savings Account
50 - 999 2.00 2.02
1 000 - 4 999 2.85 2.89
5 000 - 9 999 3.25 3.30
10 000 - 14 999 4.85 4.96
15 000 - 24 999 5.35 5.48
25 000 - 49 999 5.85 6.01
50 000 - 74 999 6.85 7.07
75 000 - 99 999 6.95 7.18
100 000 and more 7.20 7.44

Call Accounts
(Minimum N$1 000) Nominal Effective
1 000 - 9 999.99 3.50 3.56
10 000 - 49 999.99 4.65 4.75
50 000 - 99 999.99 5.00 5.12
100 000 - 249 999.99 6.65 6.86
250 000 - 999 999.99 7.65 7.92
1 000 000 Plus Obtain rate from Treasury

Diamond Plan Notice Deposit
(Minimum N$500) Nominal Effective
32 days 7.75 8.03
60 days 7.95 8.25
88 days 8.15 8.46

Diamond Bonus Notice Deposit
(Minimum N$500) Nominal Effective
32 days (7.227)* 7.95 8.25
60 days (7.409)* 8.15 8.46
88 days (7.636)* 8.40 8.73

Money Market Investment Account
  Nominal %pa Effective %pa
0 - 9 999.99 0.00% 0.00%
10 000 - 99 999.99 6.43% 6.62%
100 000 - 249 999.99 7.44% 7.70%
250 000 - 499 999.99 8.46% 8.80%
500 000 - 999 999.99 8.64% 8.99%
1 000 000 - 8 999 999.99 9.10% 9.49%
9 000 000 plus 9.19% 9.59%

Fixed deposits
(Minimum N$500) Interest at Maturity                          Interest Monthly                         
3 - 6 months 8.05 7.77
7 - 11 months 8.35 8.05
12 - 18 months 8.80 8.46
19 - 23 months 8.30 8.00
24 - 36 months 7.35 7.11


  • Effective rates apply for amounts invested for a period of one year, assuming the interest at the nominal rate is constant and capitalised monthly
  • All investors aged 55 years and older receive an extra 1.0% on 12 months and longer fixed deposits.
  • Rates subject to change
  • Interest rates applicable from 23 August 2007 in Namibia
  • Rates on investments above N$100 000,00 on application
  • Monthly, quarterly, half-yearly interest frequency payments on application and approval by Treasury