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More about Dynamic Fixed Deposit

  • Benefits

    • Choose a flexible investment term from 8 days to 60 months (5 years)
    • Your interest rate can be fixed or linked to prime
    • Interest can be paid monthly, quarterly, biannually, annually or on maturity
    • Choose to access up to 50% of your investment capital
    • If you are 55 years or older, you will receive an additional bonus interest rate
    • As a Prosperity Cheque Account  holder who is 55 years and older you receive rebates on your account fees when you maintain:
      • A cheque account balance of R15 000 or
      • A savings or investment account balance of R15 000
    • No monthly management fee

  • What you need to know

     

  • What you need to apply

    Opening deposit of R1 000

    South African Citizens

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

    Non-South African Citizens

    • Valid Passport
    • Proof of residence (not older than three months)
    • Work/Resident permit

  • Where to apply

Dynamic Fixed Deposit pricing options

  Dynamic Fixed Deposit Dynamic Fixed: interest payment frequency fixed Dynamic Fixed : prime linked Dynamic Fixed: interest payment frequency linked to prime
Minimum Deposit R1000+ R1000+ R1000+ R1000+
         
Investment term Ranges from 8 days to 60 months.
Capital is guaranteed.
No monthly fees.		 Ranges from 8 days  to 60 months.
Capital is guaranteed.
No monthly fees.		 Ranges from 8 days to 60 months.
Capital is guaranteed.
No monthly fees.		 Ranges from 8 days to 60 months.
Capital is guaranteed.
No monthly fees.
         
Access to investment Choose to access 0-50% of your investment. No access to the investment capital. Choose to access 0-50% of your investment. No access to the investment capital.
         
Interest Calculated daily and compounded or paid out monthly. Choose to receive interest monthly, quarterly, half yearly, annually or on maturity. Calculated daily and compounded or paid out monthy. Choose to receive interest monthly, quarterly, half yearly, annually or on maturity.
         
Interest rate Fixed from the investment onset. Fixed from the investment onset. Linked to prime interest rate. Linked to prime interest rate.
         
Why Choose this option Choose this option if you require access to your capital during the term. Choose this option if you want a guarantee on the interest rate for the term of the investment and you do not require access to the capital during the term of the investment. Choose this option if you require access to your capital during the term of your investment and you require your interest rate to be linked to prime. Choose this option if you want an interest rate linked to prime for the term of the investment and you do not require access to the the capital during the term of the investement.
         
  Apply now Apply now Apply now Apply now

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Fixed Deposit

Lock in your returns and your savings
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Interest up to
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*The interest rates shown are indicative only and are subject to change without notification. The rate is determined on the date on which your funds are received in your account and, where applicable, is also determined by your chosen investment term, interest payment frequency and the investment amount deposited.
Please call us on 0860 111 515 or visit any Absa branch to get the best rate of the day. All rates are expressed as a percentage per annum.

Need more help?

Let one of our consultants help you get the best accounts for your needs.

Contact us:

Call us on: 0860 111 515

Email us at saving@absa.co.za