Invest from 8 days to 5 years - and achieve your goals, no matter what they are.

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Choose how much you invest

You can invest any amount with a minimum of R1 000.

Interest payment flexibility

Interest can be paid on maturity, monthly, quarterly, annually or bi-annually.

Your interest rate is guaranteed

Your interest rate is fixed for the entire term of your investment

Applying for the Fixed Deposit Account
Applying for the Fixed Deposit Account

When applying, you will need:

  • Your South African ID
  • Proof of residence

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Features of the Fixed Deposit account
What you need to know
  • Choose your own investment term – anything from 8 days to 5 years.
  • If you are over 55, and invest up to R100 000 for 12 months or longer, you will qualify for bonus interest.
  • Get an overdraft or loan of up to 80% of your balance.

See our interest rates

for fixed deposits
  >8 days 1 - 6 months 7 - 11 months 12 months >13 months 18 months >19 months
R1 000 - R100 000 2.00% 5.70% - 7.05% 7.10 - 7.15% 7.20% 7.25% 7.35% 7.35% - 8.30%
R100 001 - R999 999.99 2.00% 5.75% - 7.10% 7.15 - 7.20% 7.70% 7.75% 7.85% 7.85% - 8.80%

Last reviewed on 27 July 2017

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

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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 your nearest branch