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 4.65% 4.65% - 4.85% 4.85% 5.00% - 5.10%

Last reviewed on 19 March 2016

All interest rates are expressed as a percentage per annum and calculated daily.

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