The more you save, the more you earn with Depositor Plus, and you have immediate access to your savings.

Scale

Save and earn more

The higher your balance, the higher your interest rate.

coins in hand

Access to cash

You have immediate access to your money.

No monthly fees

Zero fees

You pay no monthly fees.

  • When applying, you will need

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

    Apply now

  • What you need to know

    • The initial amount is R15 000
    • You can withdraw all your money without having to close the account
    • Earn additional interest with the Absa Digital Bonus Rate
    • The more you save the more you earn

Earn additional interest on your Depositor Plus account with the Absa Digital Bonus Rate

To qualify, simply open and manage your Depositor Plus account here, or on the Absa Banking App. You can also call us on 0860 111 515.

 

Interest rates including the add-on Absa Digital Bonus Rate

Balance Tier

Standard Rate

Digital Bonus Rate

Total Rate

R0.01

R14 999.99

0.00%

0.00%

0.00%

R15 000.00

R24 999.99

6.70%

0.25%

6.95%

R25 000.00

R74 999.99

7.45%

0.25%

7.70%

R75 000.00

R99 999.99

7.55%

0.25%

7.80%

R100 000.00

R249 999.99

7.60%

0.25%

7.85%

R250 000.00

R999 999.99

7.75%

0.25%

8.00%

R1 000 000.00

R9 999 999.99

7.80%

0.25%

8.05%

R10 000 000.00

R24 999 999.99

8.00%

0.25%

8.25%

R25 000 000.00

R9 999 999 999 999.99

7.70%

0.25%

7.95%

Last reviewed on 20 September 2024

All interest rates are expressed as a percentage per annum and are indicative rates subject to change. View our product term sheet.


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