How to get up to 10.75% p.a.* and an additional rate if you are an Absa Rewards Member
 
  • How to qualify

    You can earn an end-of-term rate of up to 10.75% p.a*. when you:
     

    1. Open an end-of-term Absa Dynamic Fixed Deposit account with a minimum deposit of R1000 or more
       

    Plus, you can get an additional rate when you:
     

    1. Open a new Absa cheque account
    2. Register for FREE with Absa Rewards on your Absa Banking App
    3. Once you are on Rewards Tier 3 or higher you can get an additional rate when your investment matures which will be paid into your Absa Rewards Account.
       

    Find out more about Absa Rewards and how you can move up to Tier 3

  • What you need to know

    • The promotion only applies to an 18 or 12-month Absa Dynamic Fixed deposit with a minimum investment amount of R1 000.
    • The interest rate is tiered according to the balance and terms of the investment (see table below)
    • You can choose to access your investment capital between 10% to 50% during the investment period with no penalty fee, however, you will get a lower rate than the promotional rate. The rate that will be applied will still be higher than what you would ordinarily get outside the campaign period.
    • The additional 0.50% p.a. on offer will only apply to customers who have opened a new Absa Transactional Account and have registered for Absa Rewards during the campaign period.
    • By maturity of your investment you must be on Tier 3 or higher
  • How to apply

    You can apply for your Absa Dynamic Fixed Deposit using the following channels:

    • Absa Online
    • Absa Banking App
    • Absa branch, or
    • Call the Savings and Investments line on 0860 111 515
       

    Apply now

 
The interest rates are tiered according to the balance and term of the investment
  • View rates for an 18-month Absa Dynamic Fixed Deposit

    18-month Absa Dynamic Fixed Deposit
    Balance Tier Nominal rate p.a. Effective rate at maturity p.a. Additional Rewards rate for Tier 3 or higher p.a.
    Non-senior clients
    R1000.00 – R99 999.99 8.80% 9.54% 0.50%
    R100 000 – R999 999.99 9.05% 9.79% 0.50%
    R1000 000 + 9.55% 10.29% 0.50%
    Senior clients 
    R1000.00 – R99 999.99 9.90% 10.64% 0.50%
    R100 000 – R999 999.99 9.95% 10.69% 0.50%
    R1000 000 + 10.01% 10.75% 0.50%


    The interest rate at maturity only applies if you choose 0% access to your investment capital.
    If you choose to access a portion of your capital investment, you will not get the campaign rate.

    Apply now

  • View rates for a 12-month Absa Dynamic Fixed Deposit

    12-month Absa Dynamic Fixed Deposit
    Balance Tier Nominal rate p.a. Effective rate at maturity p.a. Additional Rewards rate for Tier 3 or higher p.a.
    Non-senior clients
    R1000.00 – R99 999.99 9.10% 9.50% 0.50%
    R100 000 – R999 999.99 9.20% 9.60% 0.50%
    R1000 000 + 9.25% 9.65% 0.50%
    Senior clients 
    R1000.00 – R99 999.99 9.40% 9.80% 0.50%
    R100 000 – R999 999.99 9.50% 9.90% 0.50%
    R1000 000 + 9.55% 9.95% 0.50%


    The interest rate at maturity only applies if you choose 0% access to your investment capital.
    If you choose to access a portion of your capital investment, you will not get the campaign rate.

    Apply now

The effective rate represents the interest you earn on an investment as it compounds over time. To reach the end-of-term rate, it's best not to withdraw the interest you've earned on your investment while it's growing.

*Terms and conditions apply Valid from 02 May to 31 July 2024

Absa Rewards terms and conditions apply

Absa reserves the right to cancel, change or extend this period in its sole discretion, without any further notification.

 

Need more help?

Call us on 0860 111 515

Visit your nearest branch