Saving to invest with a group of people is easy with the Investment Club Account. It is suitable for groups that want to work together to create wealth and the value-added benefits we offer help you get more out of the funds you save together.

Find your nearest branch

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Invitations to Absa Stockbrocking events.

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You can get a free annual consultation with a financial adviser.

  • Applying for an Investment Club Account

    Head down to your nearest branch, and take the following documents with you:

    • The IDs of three elected group members who will act as signatories
    • Proof of residence for three members (not older than three months)

  • Features of the Investment Club Account

    • All you need is an initial deposit of R5 000 to open your account
    • The account requires three or more members to save as a group with the purpose to invest
    • NotifyMe alerts can be sent to up to three signatories
    • You pay no monthly management fees
    • The group benefits for the Investment Club Account are not for individual use
    • Tiered interest rate, the higher your balance the higher interest you earn
    • One annual appointment with an Absa financial adviser for your group*
    • Invites to Absa Stockbroking events specifically positioned for investment clubs who want to diversify their investments*
    • Access to Absa Business Banking services should you want to register your club as a business

    New features:

    • Register for internet banking to reduce transactional fees:
      • Access an electronic statement
      • Track member contributions
      • Pay out members via eft- anywhere and anytime

    *A balance of R100 000 must be maintained in the account in order to quality for these value-added services.

     

See the interest rates

for our Investment Club Account
Balance tier Investment Club
R0.01 - R4999 0.00%
R5 000 - R9 999 0.05%
R10 000 - R24 999 0.05%
R25 000 - R49 999 0.10%
R50 000 - R99 999 0.85%
R100 000 - R9 999 999 999 999.99 1.65%

Last reviewed 24 July 2020

All interest rates are expressed as a percentage per annum and are indicative rates subject to change.

Need more help?

Call us on:

0860 111 515

Email us at:

saving@absa.co.za