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Fixed Deposit

A single deposit, invested for a fixed period, at a guaranteed, fixed rate of interest.

Risk	Amount	Term
Low	R 1,000	8 days to 5 years

Do you have a sum of money you would like to invest for a specific period? Would you like to enjoy the certainty of a fixed interest rate? Absa’s Fixed Deposit account offers a range of investment periods and guaranteed interest rates to suit your exact needs. Whether short or long-term, for 8 days or 5 years, the interest rate granted will remain stable throughout the agreed investment period.

What are the advantages?

A guaranteed interest rate for the entire term of your investment (based on your initial deposit)
A wide range of investment periods (from 8 days to 60 months)
A choice of when interest payments are paid out (on maturity, monthly, quarterly, bi-annually or annually)
Additional interest on balances less than R100 000 for 12 months and longer (if 55 years or older)
Pledge your investment to secure an overdraft or loan up to 80% of your balance