Not only can you choose the deposit amount and your investment term, but you choose how much money you want immediate access to. You could also choose to receive your interest upfront when you make the investment.

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Applying for the Dynamic Fixed Deposit
When applying, you will need:
  • Your South African ID
  • Proof of residence (not older than three months)

 

Dynamic Fixed
Dynamic Fixed Upfront Interest

Features of the product:

  • The capital is guaranteed.
  • Choose an interest rate that is Fixed or Linked to Prime
  • You pay no monthly fees.
  • The minimum opening investment is above R1 000.
  • The investment term is 8 days to 60 months.
  • Choose to access of 0%, 10%, 20%, 30%, 40% or 50% of your investment.
  • Choose to receive interest monthly, quarterly, half yearly, annually or on maturity.

Tell me more

Features of the product:

  • The capital is guaranteed.
  • You pay no monthly fees.
  • The minimum opening investment is from R100 000.01
  • The minimum investment term is 2 months (60 days).
  • The maximum investment term is 12 months (394 days).
  • You have no access to the investment capital during the term of the investment.
  • Choose to receive all your interest earned upfront or monthly in advance when you open your account

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Applying for the Dynamic Fixed Deposit
Special Offer: Dynamic Fixed 

New Gold Value Bundle and Premium Banking customers get a preferential interest rate on the Dynamic Fixed Deposit when they move their salary to Absa. To qualify for this offer, move your salary to Absa and:

  • Invest between R10 000 to R 1 000 000.
  • Choose a term between 2 months and 11 months.
  • Choose to access 0% to 10% of your investment.

Email saving@absa.co.za, Call 0860 111 515 or visit your nearest branch for more information on this offer.

See our interest rates

Fixed rate

  • Balance R1000 - R100 000

    Fixed rate
    Investment Period 6 Months 12 Months 18 Months 24 Months 36 Months 60 Months
    Balance R1000.00 - R100 000.00 | Fixed Rate
    Liquidity Option
    100/0 6.90% 7.10% 7.15% 7.25% 7.40% 8.10%
    90/10 6.65% 6.85% 6.90% 7.00% 7.15% 7.70%
    80/20 6.60% 6.80% 6.85% 6.95% 7.05% 7.65%
    70/30 6.20% 6.75% 6.80% 6.90% 6.90% 7.45%
    60/40 6.15% 6.70% 6.75% 6.85% 6.74% 7.30%
    50/50 6.10% 6.65% 6.70% 6.80% 6.58% 7.25%

  • Balance R100 001 - R999 999

    Fixed rate
    Investment Period 6 Months 12 Months 18 Months 24 Months 36 Months 60 Months
    Balance R100 001.00 - R999 999.99 | Fixed Rate
    Liquidity Option
    100/0 6.95% 7.60% 7.65% 7.75% 7.90% *8.50%
    90/10 6.70% 7.35% 7.40% 7.50% 7.55% 8.00%
    80/20 6.65% 7.30% 7.35% 7.45% 7.50% 7.80%
    70/30 6.60% 7.25% 7.30% 7.40% 7.45% 7.75%
    60/40 6.55% 7.20% 7.25% 7.35% 7.40% 7.65%
    50/50 6.50% 7.15% 7.20% 7.30% 7.35% 7.55%
    *10.50% if interest is paid out at maturity

  • Balance R1 000 000 and more

    Fixed rate
    Investment Period 6 Months 12 Months 18 Months 24 Months 36 Months 60 Months
    Balances R1 000 000.00 - R99 999 999 999.99 | Fixed Rate
    Liquidity Option
    100/0 7.00% 7.60% 7.65% 7.75% 7.90% *8.50%
    90/10 6.75% 7.35% 7.40% 7.50% 7.55% 8.00%
    80/20 6.70% 7.30% 7.35% 7.45% 7.50% 7.80%
    70/30 6.65% 7.25% 7.30% 7.40% 7.45% 7.75%
    60/40 6.60% 7.20% 7.25% 7.35% 7.40% 7.65%
    50/50 6.55% 7.15% 7.20% 7.30% 7.35% 7.55%
    *10.50% if interest is paid out at maturity
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 6.25% 6.45% 6.75% 7.20% 7.45% 7.70%
    90/10 6.05% 6.25% 6.55% 7.00% 7.05% 7.30%
    80/20 6.00% 6.20% 6.50% 6.95% 7.00% 7.25%
    70/30 5.95% 6.15% 6.45% 6.90% 6.95% 7.20%
    60/40 5.90% 6.10% 6.40% 6.85% 6.90% 7.15%
    50/50 5.85% 6.05% 6.35% 6.80% 6.85% 7.10%

  • Balance R100 001 - R999 999

    Prime rate
      6 months 12 months 18 months 24 months 36 months 60 months
    Liquidity option            
    100/0 6.30% 6.95% 7.50% 7.70% 7.95% 8.20%
    90/10 6.10% 6.75% 7.30% 7.50% 7.55% 7.80%
    80/20 6.05% 6.70% 7.25% 7.45% 7.50% 7.75%
    70/30 6.00% 6.65% 7.20% 7.40% 7.45% 7.70%
    60/40 5.95% 6.60% 7.15% 7.30% 7.40% 7.65%
    50/50 5.90% 6.55% 7.10% 7.30% 7.35% 7.60%

  • Balance R1 000 000 and more

    Prime rate
      6 months 12 months 18 months 24 months 36 months 60 months
    Liquidity option            
    100/0 6.35% 6.95% 7.45% 7.70% 7.95% 8.20%
    90/10 6.15% 6.75% 7.25% 7.50% 7.55% 7.80%
    80/20 6.10% 6.70% 7.20% 7.45% 7.50% 7.75%
    70/30 6.05% 6.65% 7.15% 7.40% 7.45% 7.70%
    60/40 6.00% 6.60% 7.10% 7.35% 7.40% 7.65%
    50/50 5.95% 6.55% 7.05% 7.30% 7.35% 7.60%
Dynamic Fix Upfront Interest rate table

Upfront Interest (monthly)

Term (months) 100 000 -999 000 R1m+
2 5.82 5.87
3 6.02 6.07
4 6.22 6.27
5 6.22 6.27
6 6.91 6.96
7 7.06 7.11
8 7.06 7.11
9 7.06 7.11
10 7.06 7.11
11 7.06 7.11
12 7.55 7.55

Upfront Interest (once off)

Term (months) 100 000 -999 000 R1m+
2 5.81 5.86
3 5.99 6.04
4 6.17 6.22
5 6.16 6.20
6 6.82 6.86
7 6.94 6.99
8 6.92 6.96
9 6.90 6.94
10 6.88 6.92
11 6.86 6.90
12 7.29 7.29

Last reviewed on 30 March 2018

All interest rates are expressed as a percentage per annum and are indicative rates subject to change.

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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