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Get an Islamic Dynamic Deposit Account

Islamic Dynamic deposit is a fixed term, single deposit product that pays out a profit share for the duration of the investment.

It gives you the flexibility of choosing a term you prefer (8 days to 60 months), as well as a percentage of the investment available to you on demand (0%, 10%, 20%, 30%, 40% 0r 50%). If you choose the 0% access option, you can have your profit share paid out to you monthly. Better still, you may earn additional profit share if you do not access the funds from the immediate access portion of the investment.

How to get it

Applying for an Islamic Dynamic Deposit Account
Visit your nearest branch or call 0860 000 786

When applying, you will need the following:

Your ID

Proof of residence (not older than 3 months)
Features of an Islamic Dynamic Deposit Account
For individuals or businesses

Competitive profit share rates

Flexible terms – investment periods are from 8 days to 60 months

Choice regarding the percentage of your investment to have available on demand

No admin fees

If you are 55 years or older, you may earn an additional 0.50% profit share on deposits of up to R100 000 for 12 months or longer

Capital is not guaranteed

See our indicative profit share rates

R1 000 – R99 999

Months	0	1	2	3	4	5	6	7
Days	8-31	32-59	60-89	90-119	120-149	150-179	180-209	210-239
Liquidity option
100/00	3.25	5.7	5.8	6	6.2	6.2	6.9	7.05
90/10	3	5.45	5.55	5.75	5.95	5.95	6.65	6.8
80/20	2.95	5.4	5.5	5.7	5.9	5.9	6.6	6.75
70/30	2.9	5.35	5.45	5.65	5.85	5.85	6.55	6.7
60/40	2.85	5.3	5.4	5.6	5.8	5.8	6.5	6.65
50/50	2.8	5.25	5.35	5.55	5.75	5.75	6.45	6.6

Months	8	9	10	11	12	13-17	18
Days	240-269	270-299	300-329	330-364	365-394	395-544	545-577
Liquidity option
100/00	7.05	7.05	7.05	7.05	7.1	7.1	7.1
90/10	6.8	6.8	6.8	6.8	6.85	6.85	6.85
80/20	6.75	6.75	6.75	6.75	6.8	6.8	6.8
70/30	6.7	6.7	6.7	6.7	6.75	6.75	6.75
60/40	6.65	6.65	6.65	6.65	6.7	6.7	6.7
50/50	6.6	6.6	6.6	6.6	6.65	6.65	6.65

Months	19-23	24	25-35	36	37-47	48-59	60
Days	578-729	730-759	760-1094	1095-1124	1125-1459	1460-1825	1826-1857
Liquidity option
100/00	7.2	7.25	7.25	7.4	7.4	7.6	8.1
90/10	6.95	7	7	7.15	7.15	7.35	7.7
80/20	6.9	6.95	6.95	7.05	7.1	7.3	7.65
70/30	6.85	6.9	6.9	6.9	7.05	7.25	7.45
60/40	6.8	6.85	6.85	6.74	7	7.2	7.3
50/50	6.75	6.8	6.8	6.58	6.95	7.15	7.25

R100 000 – R999 999

Months	0	1	2	3	4	5	6	7
Days	31-Aug	32-59	60-89	90-119	120-149	150-179	180-209	210-239
Liquidity option
100/00	3.25	5.75	5.85	6.05	6.25	6.25	6.95	7.1
90/10	3	5.5	5.6	5.8	6	6	6.7	6.85
80/20	2.95	5.45	5.55	5.75	5.95	5.95	6.65	6.8
70/30	2.9	5.4	5.5	5.7	5.9	5.9	6.6	6.75
60/40	2.85	5.35	5.45	5.65	5.85	5.85	6.55	6.7
50/50	2.8	5.3	5.4	5.6	5.8	5.8	6.5	6.65

Months	8	9	10	11	12	13-17	18
Days	240-269	270-299	300-329	330-364	365-394	395-544	545-577
Liquidity option
100/00	7.1	7.1	7.1	7.1	7.6	7.6	7.65
90/10	6.85	6.85	6.85	6.85	7.35	7.35	7.4
80/20	6.8	6.8	6.8	6.8	7.3	7.3	7.35
70/30	6.75	6.75	6.75	6.75	7.25	7.25	7.3
60/40	6.7	6.7	6.7	6.7	7.2	7.2	7.25
50/50	6.65	6.65	6.65	6.65	7.15	7.15	7.2

Months	19-23	24	25-35	36	37-47	48-59	60
Days	578-729	730-759	760-1094	1095-1124	1125-1459	1460-1825	1826-1857
Liquidity option
100/00	7.7	7.75	7.75	7.9	7.9	8.1	8.5
90/10	7.45	7.5	7.5	7.55	7.55	7.85	8
80/20	7.4	7.45	7.45	7.5	7.5	7.69	7.8
70/30	7.35	7.4	7.4	7.45	7.45	7.54	7.75
60/40	7.3	7.35	7.35	7.4	7.4	7.38	7.65
50/50	7.25	7.3	7.3	7.35	7.35	7.22	7.55

R100 000 000 – R999 999 999

Months	0	1	2	3	4	5	6	7
Days	31-Aug	32-59	60-89	90-119	120-149	150-179	180-209	210-239
Liquidity option
100/00	3.25	5.8	5.9	6.1	6.3	6.3	7	7.15
90/10	3	5.55	5.65	5.85	6.05	6.05	6.75	6.9
80/20	2.95	5.5	5.6	5.8	6	6	6.7	6.85
70/30	2.9	5.45	5.55	5.75	5.95	5.95	6.65	6.8
60/40	2.85	5.4	5.5	5.7	5.9	5.9	6.6	6.75
50/50	2.8	5.35	5.45	5.65	5.85	5.85	6.55	6.7

Months	8	9	10	11	12	13-17	18
Days	240-269	270-299	300-329	330-364	365-394	395-544	545-577
Liquidity option
100/00	7.15	7.15	7.15	7.15	7.6	7.6	7.65
90/10	6.9	6.9	6.9	6.9	7.35	7.35	7.4
80/20	6.85	6.85	6.85	6.85	7.3	7.3	7.35
70/30	6.8	6.8	6.8	6.8	7.25	7.25	7.3
60/40	6.75	6.75	6.75	6.75	7.2	7.2	7.25
50/50	6.7	6.7	6.7	6.7	7.15	7.15	7.2

Months	19-23	24	25-35	36	37-47	48-59	60
Days	578-729	730-759	760-1094	1095-1124	1125-1459	1460-1825	1826-1857
Liquidity option
100/00	7.7	7.75	7.75	7.9	7.9	8.1	8.5
90/10	7.45	7.5	7.5	7.55	7.55	7.85	8
80/20	7.4	7.45	7.45	7.5	7.5	7.69	7.8
70/30	7.35	7.4	7.4	7.45	7.45	7.54	7.75
60/40	7.3	7.35	7.35	7.4	7.4	7.38	7.65
50/50	7.25	7.3	7.3	7.35	7.35	7.22	7.55

Need more help?

Let one of our consultants help you get the best account for your needs.

Call us on:

0860 111 515

E-mail us at:

saving@absa.co.za

Visit your nearest branch