The more you save, the more you earn

With an initial deposit of R15 000 to open a Depositor Plus account, as you add more money to your account your interest rate will continue to increase. There is no set term, and you have immediate access to your savings.

Apply now

Interest rates that increase as your balance increases
Interest rates that increase as your balance increases

The higher your balance, the higher your interest rate.

Immediate access to your money
Immediate access to your money

There is no set term, and you can withdraw all your money without having to close the account.

No monthly fees
No monthly fees

All you pay for are your transactions.

How to get it and what to expect

Applying for Depositor Plus
Applying for Depositor Plus

If you are an existing Absa customer, you can apply for a Depositor Plus account online using internet banking. 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 3 months)

You will also require an initial R15 000 deposit to open the account, and there is no monthly deposit required.

Apply now

Features of Depositor Plus
Features of Depositor Plus
  • The initial amount is R15 000, and the return on your savings increases as you add funds to your account.
  • You can make additional deposits to your Depositor Plus account at any time.
  • You have immediate access to your money.
  • The account can be linked to all your Absa accounts, and there are no limits on inter-account transfers between the Depositor Plus account and these accounts.

See our interest rates

for Depositor Plus
  <R15 000 >R15 000 >R25 000 >R75 000 >R100 000 >R250 000 >R1 000 000 >R 10 000 000 >R 25 000 000
Depositor Plus 0% 5.70% 6.45% 6.55% 6.60% 6.75% 6.80% 7.00% 6.70%

Last reviewed on 18 March 2016

All interest rates are expressed as a percentage per annum and calculated daily.

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 you nearest branch