On 7 April 2021, we informed all Absa Money Market Fund  (AMMF) customers and clients of the decision to close the AMMF. We would like to inform you that the AMMF is now closed, as of 6 July 2021.

Read our closure letter for full details of the closure.

AMMF closure letter

Frequently Asked Questions
  • What has happened to my Money Market Fund?

    As stated in our closure letter sent on 7 April 2021, your Money Market Fund deposits have now been transferred into the Cash Invest Tracker/Absa Investment Tracker. Here are key facts about your new product/account:

    Cash Invest Tracker (CIT) and Absa Investment (AIT) Tracker Accounts

    • Your MMF Account number remains the same.
    • Your returns have not been interrupted.
    • The interest rate on this investment bank account is currently 4.2% for Corporate and Investment Banking (CIB) and Business Banking clients, and 4.5%* per annum for Retail, Private Banking and Wealth customers, which is equivalent or better than what you are currently receiving from your AMMF investment.
    • All Absa bank accounts are guaranteed by Absa.
    • When you access this account, the current Absa card will continue to work as before.
    • You can also still transact on this account through Absa branches, Online Banking and ATMs using your current card.
  • What should I expect now since my funds have been moved?
    • All customers have been sent a welcome letter, which includes as attachments:
      • The Personal Client Agreement (PCA)
      • The new Product Term Sheet.
    • If you have not received the communication, please contact us on 0860 111 515 or email saving@absa.co.za. We will promptly resend one to you.
  • Will I be able to register for Online Banking?

    Yes, you can register for Online Banking here.

  • Who can I speak to about moving my funds now that they are migrated?
    Customer Type

    Who to contact

    Contact details

    Retail and Private Banking Customers AIFA Advisors allocated to the branches for Retail and Private Bankers

    Retail customers: email saving@absa.co.za or contact 0860 111 515

    Private Banking customers: email privatebanking@absa.co.za or contact 0860 553 553

    Wealth Clients Wealth Bankers wealthassist@absa.africa or contact 0860 265 265
    Business Banking Clients Investment Consultants and Bankers

    MyBusinessBanker@absa.africa

     Or contact 0800 227 592

    CIB Clients

    Money Market desk Cash Solutions team

    Coverage  Bankers

    absamm@absa.co.za or contact 011 895 5521
    Other Unit Trust – Retail utenquiries@absa.co.za or contact 0860 111 456
Need more help

Call Centre: 0860 111 515

Speak to your Business Banker

Visit your nearest branch