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.

  • When applying, you will need

    • Your South African ID
    • Proof of residence (not older than three months)

    Apply now

  • 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 six-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 1.15% 1.15% - 1.35%  1.35% 1.50% - 1.60%

Last reviewed on 24 July 2020

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

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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