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.

Find your nearest branch

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Online Banking registration.

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Minimum two signatories to open the account.

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Access your e-statement on Online Banking.

  • Applying for an Investment Club Account

    You need two or more members to open the account and the following documents:

    • The IDs of elected group members who will act as signatories 
    • Proof of residence for elected group members (not older than three months)
    • Your initial R100 investment to open your account

  • Features of the Investment Club Account

    • All you need is an initial deposit of R100 to open your account
    • You need two or more members to open the account
    • NotifyMe alerts can be sent to up to three signatories
    • You pay no monthly management fees
    • Register for internet banking to reduce 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

    Manage my account online:

    • Register for Online Banking and enjoy some of these group benefits:
      • Pay out members anywhere anytime using EFT on Absa Online
      • Access an electronic statement on Online Banking
      • Track member contributions
      • Reduce some transactional fees

     

See the interest rates

for our Investment Club Account
Balance tier Investment Club
R0.01 - R4999 7.05%
R5 000 - R9 999 7.05%
R10 000 - R24 999 7.25%
R25 000 - R49 999 7.70%
R50 000 - R99 999 7.80%
R100 000 - R9 999 999 999 999.99 7.80%

Last reviewed on 26 May 2023

All interest rates are expressed as a percentage per annum and are indicative rates subject to change. View our product term sheet.
 

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Need more help?

Call us on:

0860 111 515

Email us at:

saving@absa.co.za