Saving & Investing
Depositor Plus is a deposit product where you can park excess funds or build an investment balance if you require instant access to your money, while earning a competitive interest rate.
What are the advantages?
- The higher the balance, the higher your interest rate will be
- You can make additional deposits at any time
- Your Depositor Plus account can be linked to all your Absa accounts
- You can do inter-account transfers through an ATM, Internet Banking, Cellphone Banking and Telephone Banking (individuals only)
- You have immediate access to your investment
- There is no limit on inter-account transfers from Depositor Plus to any of your Absa accounts
How to qualify
- A minimum initial deposit of R15 000 is required to open the account
- You must maintain a minimum balance for R1 000 to keep the account open