Absa TruSave gives you up to 6.85% interest, no monthly fees, plus immediate access to your savings. It’s the best savings account to kickstart your saving story.

Open now

All you need is 5 minutes, your South African ID and proof of residence (not older than 3 months).

See TruSave savings account interest rates

Your monthly income isn’t the only way to make money.
Earn extra interest with the Digital Bonus Rate when you open and manage your TruSave account online or on your Absa Banking App.
 

Your savings balance

Standard interest rate

Digital Bonus Rate

Total interest rate

R50 and above

4.95%

+1.90%

6.85%

Example: R10 000 balance

R495

+R190

R685

 

  • Last reviewed on 20 September 2024
  • A balance of less than R50 earns no interest
  • The maximum balance is R9 999 999 999 999.99
  • All interest rates expressed as a percentage per year and are indicative. Rates subject to change.
    View our product term sheet.

Open now

You can also apply on your Absa Banking App or call us on 0860 111 515.

Save money with these benefits

  1. Pay no monthly fees
  2. Instant access to your cash - no notice period to withdraw your savings
  3. Free Digital Fraud Warranty
  4. Earn extra interest with the Digital Bonus Rate
  5. Free R2 000 cash deposit limit per month
  6. Two free Absa ATM mini-statements
  7. Two free Absa ATM balance enquiries
  8. Two free Absa ATM cash withdrawals per year
  9. Real cash back every month with Absa Rewards.

Get more value from your account

  • Earn extra interest with our Digital Bonus Rate

    Do the following online, at an Absa ATM or via our call centre.

    • Download an eStatement
    • Make a deposit and/or withdrawal at an Absa ATM
    • Check your balance
    •  Download an IT3 (when required/applicable)
    • Download a bank confirmation letter (when required/applicable)

  • Get a free warranty to protect you from fraud

    In a first for South Africa, we introduced our free Digital Fraud Warranty, which provides added protection for customers who have been defrauded. The warranty covers all customers who use the latest version of the Absa Banking App and who transact responsibly*. Terms and conditions apply*.

  • Earn real cash back with Absa Rewards

    if you are an Absa Rewards member and maintain a minimum combined balance of R5 000 in your Savings or Investment Accounts, you will get a Rewards score of 55. Making monthly recurring payments from as little as R250 into your Savings or Investment Accounts gets you an additional Rewards score of 20. A total Rewards score of 75 could get you more real cash back to spend any way that you like. 

    Tell me more


Kickstart your savings journey with expert tips

Here’s everything you need to know to successfully save for your financial goals.
 

Building a savings culture

Building a savings culture

South Africa has a notoriously bad savings culture – in fact, with a household saving ratio of -0.50 percent according to Statistics SA.

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Building a savings buffer

Topping the list of reasons why you should have such a fund, is the peace of mind this savings buffer provides.

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Don’t wait until you get your money right

Don’t wait until you get your money right

The sooner you learn about managing and saving your money – and ultimately making your money work for you – the better.

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Money saving habits to help you save

Start by taking a simple approach, and don’t over-complicate it. Make it measurable, because something you can’t measure or quantify later will always be difficult to follow through on..

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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