Not only are you guaranteed a minimum investment rate, but you could earn up to 2% added interest if the prime interest rate rises during your investment period.

Apply now

Guaranteed minimum interest rate

The guaranteed rate is set at the start of your investment term.

Earn bonus interest of up to 2%

Use your investment to get an overdraft of up to 80% of the value of your investment.

Are you over 55?

If you are over 55, you qualify for an additional 0,5% interest when you invest up to R100 000.

  • Applying for the Bonus Deposit Account

    Existing Absa Online customers can apply for the Bonus Deposit account online. If you are not an Absa customer, registering to become one is quick and easy.

    When applying, you will need the following:

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

    Apply now

  • What you need to know

    • You will need a minimum deposit of R1 000 to open your account
    • You choose to invest for a minimum of 12 months or a maximum of 18 months

  • How to access our Notice and Fixed savings during COVID-19

    Should you find yourself in financial difficulty due to the COVID-19 impact and need to access your Notice and Fixed deposit funds. You can call us on 0860 111 515 or email savings@absa.co.za. For the safety of our staff and to meet the social distancing requirements, we will be operating with skeleton staff during the lockdown period, please expect a delayed response.

See the interest rates

for our Bonus Deposit

  • Balance R1 000 to R9 999

    From (days)

    To (days)

    Monthly

    Quarterly

    Half-yearly

    Annually

    Maturity

    365

    394

    3.50%

    3.51%

    3.54%

    3.58%

    3.58%

    395

    544

    3.20%

    3.21%

    3.23%

    3.26%

    3.28%

    545

    577

    3.10%

    3.12%

    3.15%

    3.19%

    3.44%

  • Balance R10 000 to R100 000

    From (days)

    To (days)

    Monthly

    Quarterly

    Half-yearly

    Annually

    Maturity

    365

    394

    3.50%

    3.51%

    3.54%

    3.58%

    3.58%

    395

    544

    3.20%

    3.21%

    3.23%

    3.26%

    3.28%

    545

    577

    3.10%

    3.12%

    3.15%

    3.19%

    3.44%

  • Balance R100 001 to R250 000

    From (days)

    To (days)

    Monthly

    Quarterly

    Half-yearly

    Annually

    Maturity

    365

    394

    3.80%

    3.81%

    3.84%

    3.88%

    3.88%

    395

    544

    3.30%

    3.31%

    3.33%

    3.36%

    3.38%

    545

    577

    3.20%

    3.22%

    3.25%

    3.29%

    3.54%

  • Balance R250 001 to R500 000

    From (days)

    To (days)

    Monthly

    Quarterly

    Half-yearly

    Annually

    Maturity

    365

    394

    3.85%

    3.86%

    3.89%

    3.93%

    3.93%

    395

    544

    3.30%

    3.31%

    3.33%

    3.36%

    3.38%

    545

    577

    3.20%

    3.22%

    3.25%

    3.29%

    3.54%

Last reviewed on 14 August 2020

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

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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

Visit your nearest branch