With a TargetSave savings account, you can save for any goal – from a monthly amount of only R100.

Apply now

An affordable savings option

It only takes R100 to open your account, and a minimum of R100 deposited each month.

Save for 6 months or 12 months

Save for 6 months or 12 months.

Interest rates increases as your balance grows

If you save for longer, you get bonus interest.

Applying for TargetSave
When applying, you will need:
  • Your South African ID
  • Proof of residence (not older than 3 months)

Apply now

Features of TargetSave
What you need to know
  • Tiered interest rates grow as your money grows.
  • Interest is calculated daily and is capitalised monthly to your account.
  • Your savings are available on 32 days’ notice, and for 10 days at maturity of the account (after the 6-month period).
  • Balances below R100 do not earn interest.

See our interest rates

for TargetSave
  R100 - R5 999 R6 000 - R14 999 R15 000 - R19 999 R20 000 +
TargetSave 4.40% 4.40% - 4.60% 4.60% 4.75% - 4.85%

Last reviewed on  21 July 2017

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

contact us

Need more help?

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

Call us on:

0860 111 515

Email us at:

saving@absa.co.za

Visit your nearest branch