Flexibility to choose your investment term, interest rate option and accessible percentage

You choose not only the deposit amount and investment term, but also how much money you want immediate access to. You could also choose to receive your interest upfront when you make the investment or upfront monthly, quarterly, half yearly, annually or on maturity.

Apply now

Choose how much you invest
Choose how much you invest

All you need is a minimum investment of R1 000. To receive the interest upfront, you must invest at least R100 000.01.

Immediate access to a portion of your investment
Immediate access to a portion of your investment

You can decide to have access to up to 50% of your money immediately.

Invest without fees
Invest without fees

No monthly fees and all you pay for are transactions on the account.

How to get it and what to expect

Applying for the Dynamic Fixed Deposit
Applying for the Dynamic Fixed Deposit

If you are an existing Absa customer, you can apply for a Dynamic Fixed Deposit account online via 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
  • A minimum of R1 000 deposit to open the account
  • Or a minimum of R100 000.01 deposit to open the account and receive your interest upfront.

Apply now

Features of the Dynamic Fixed Deposit
Features of the Dynamic Fixed Deposit
  • You will need a minimum investment of R1 000 to open your account.
  • You can invest for anything from 8 days to 5 years.
  • Decide how much of your money you want to be able to access immediately (0%, 10%, 20%, 30%, 40% or 50%).
  • Choose an interest rate that is either fixed or prime linked – which will be influenced by the combination of all your other choices.
  • If you are over 55, and invest up to R100 000 for 12 months or longer, you will qualify for bonus interest.
  • If you have invested for 60 days or longer and don’t use the money in the immediate access portion, you will be eligible for bonus interest.
Features of the Dynamic Fixed Deposit
Features of the Dynamic Fixed Deposit with upfront interest
  • You will need a minimum investment of R100 000.01 to open your account.
  • You can invest for anything from 2 months to 1 year.
  • Decide whether you want to receive your interest every month in advance or the full term’s interest upfront on day of opening.
  • This applies to the 0% liquidity option and the rate is fixed for the full period

See our interest rates

Fixed rate
  • Balance R1000 - R100 000

    Fixed rate
      6 months 12 months 18 months 24 months 36 months 60 months
    Liquidity option            

    100/0

    7.20%

    7.35%

    7.35%

    7.70%

    7.90%

    8.40%

    90/10

    6.95%

    7.10%

    7.10%

    7.45%

    7.65%

    8.00%

    80/20

    6.90%

    7.05%

    7.05%

    7.40%

    7.55%

    7.95%

    70/30

    6.85%

    7.00%

    7.00%

    7.35%

    7.40%

    7.75%

    60/40

    6.80%

    6.95%

    6.95%

    7.30%

    7.24%

    7.60%

    50/50

    6.75%

    6.90%

    6.90%

    7.25%

    7.08%

    7.55%

  • Balance R100 001 - R999 999

    Fixed rate
      6 months 12 months 18 months 24 months 36 months 60 months
    Liquidity option            

    100/0

    7.25%

    7.85%

    8.10%

    8.20%

    8.40%

    8.90%

    90/10

    7.00%

    7.60%

    7.85%

    7.95%

    8.05%

    8.40%

    80/20

    6.95%

    7.55%

    7.80%

    7.90%

    8.00%

    8.20%

    70/30

    6.90%

    7.50%

    7.75%

    7.85%

    7.95%

    8.15%

    60/40

    6.85%

    7.45%

    7.70%

    7.80%

    7.90%

    8.05%

    50/50

    6.80%

    7.40%

    7.65%

    7.75%

    7.85%

    7.95%

  • Balance R1 000 000 and more

    Fixed rate
      6 months 12 months 18 months 24 months 36 months 60 months
    Liquidity option            

    100/0

    7.30%

    7.90%

    8.10%

    8.20%

    8.40%

    8.90%

    90/10

    7.05%

    7.65%

    7.85%

    7.95%

    8.05%

    8.40%

    80/20

    7.00%

    7.60%

    7.80%

    7.90%

    8.00%

    8.20%

    70/30

    6.95%

    7.55%

    7.75%

    7.85%

    7.95%

    8.15%

    60/40

    6.90%

    7.50%

    7.70%

    7.80%

    7.90%

    8.05%

    50/50

    6.85%

    7.45%

    7.65%

    7.75%

    7.85%

    7.95%

Prime-linked rate
  • Balance R1000 - R100 000

    Prime rate
      6 months 12 months 18 months 24 months 36 months 60 months
    Liquidity option            
    100/0 6.50% 6.70% 7.00% 7.45% 7.70% 7.95%
    90/10 6.30% 6.50% 6.80% 7.25% 7.30% 7.55%
    80/20 6.25% 6.45% 6.75% 7.20% 7.25% 7.50%
    70/30 6.20% 6.40% 6.70% 7.15% 7.20% 7.45%
    60/40 6.15% 6.35% 6.65% 7.10% 7.15% 7.40%
    50/50 6.10% 6.30% 6.60% 7.05% 7.10% 7.35%
  • Balance R100 001 - R999 999

    Prime rate
      6 months 12 months 18 months 24 months 36 months 60 months
    Liquidity option            
    100/0 6.55% 7.20% 7.75% 7.95% 8.20% 8.45%
    90/10 6.35% 7.00% 7.55% 7.75% 7.80% 8.05%
    80/20 6.30% 6.95% 7.50% 7.70% 7.75% 8.00%
    70/30 6.25% 6.90% 7.45% 7.65% 7.70% 7.95%
    60/40 6.20% 6.85% 7.40% 7.60% 7.65% 7.90%
    50/50 6.15% 6.80% 7.35% 7.55% 7.60% 7.85%
  • Balance R1 000 000 and more

    Prime rate
      6 months 12 months 18 months 24 months 36 months 60 months
    Liquidity option            
    100/0 6.60% 7.20% 7.70% 7.95% 8.20% 8.45%
    90/10 6.40% 7.00% 7.50% 7.75% 7.80% 8.05%
    80/20 6.35% 6.95% 7.45% 7.70% 7.75% 8.00%
    70/30 6.30% 6.90% 7.40% 7.65% 7.70% 7.95%
    60/40 6.25% 6.85% 7.35% 7.60% 7.65% 7.90%
    50/50 6.20% 6.80% 7.30% 7.55% 7.60% 7.85%

Last reviewed on 30 March 2017

All interest rates are expressed as a percentage per annum.

need help

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