The more you save, the more you earn with Depositor Plus, and you have immediate access to your savings.
Save and earn more
The higher your balance, the higher your interest rate.
Access to cash
You have immediate access to your money.
Zero fees
You pay no monthly fees.
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.
Do the following transactions online, at the ATM or via our call centre:
· Downloading an eStatement
· Making a deposit and/or withdraw at ATM
· Balance enquiry
· Downloading a IT3 (when required/applicable)
· Downloading a bank confirmation letter (when required/applicable)
You will not qualify for the Absa Digital Bonus Rate if you do these transactions at an Absa branch.
Free Digital Fraud Warranty
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*.
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 |
6.95% |
0.25% |
7.20% |
R25 000.00 |
R74 999.99 |
7.70% |
0.25% |
7.95% |
R75 000.00 |
R99 999.99 |
7.80% |
0.25% |
8.05% |
R100 000.00 |
R249 999.99 |
7.85% |
0.25% |
8.10% |
R250 000.00 |
R999 999.99 |
8.00% |
0.25% |
8.25% |
R1 000 000.00 |
R9 999 999.99 |
8.05% |
0.25% |
8.30% |
R10 000 000.00 |
R24 999 999.99 |
8.25% |
0.25% |
8.50% |
R25 000 000.00 |
R9 999 999 999 999.99 |
7.95% |
0.25% |
8.20% |
Last reviewed on 26 May 2023
All interest rates are expressed as a percentage per annum and are indicative rates subject to change. View our product term sheet.
Absa Rewards
In addition, 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.
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
