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Register

Put up to R33 000 in our Tax Free Savings Account

We're in the business of saving you money, which is why we want to bring to your attention the implications of over-contributing towards your Tax-Free Savings Account. You're allowed to invest R33 000 per tax year and R500 000 per lifetime, so any contribution made over and above the R33 000 will attract a 40% penalty payable to SARS.

Apply now

You may contribute up to R33 000 in a tax year and R500 000 in your lifetime, without paying tax on the interest earned.

You can access your money immediately online or at any Absa branch.

It is the perfect way to start growing an easily accessible emergency fund.

When applying, you will need
Your South African ID

Proof of residence (not older than three months)

Apply now
What you need to know
You need R1 000 to open the account

You can add to your savings whenever it suits you — subject to the current tax-free limits

Capital and returns guaranteed

No monthly management fees

R33 000 limit per tax year and R500 000 lifetime contribution limit

See the interest rates

for our Tax Free Savings Account

Balance tiers	Rate
R 0.01 - R14 999.99	3.75%
R 15 000.00 - R 29 999.99	5.75%
R 30 000.00 - R 49 999.99	6.25%
R 50 000.00 - R 74 999.99	6.30%
R 75 000.00 - R 99 999.99	6.35%
R 100 000.00 - R 249 999.99	6.35%
R 250 000.00 - R 499 999.99	7.25%
R 500 000.00 - R 9 999 999 999 999.99	7.25%