Get guaranteed returns plus a bonus rate
Interest rates Apply now
Get guaranteed returns plus a bonus rate
Set your rate, earn guaranteed returns and get a bonus with the Fixed Deposit account.
Interest rates Apply now

More about Fixed Deposit

  • Benefits

    • Your interest is fixed for the entire term of your investment
    • Choose your own investment term which ranges from 8 days to 5 years
    • Earn additional interest with Absa’s Digital Bonus Rate if you open and maintain your account using your Absa Banking App or Absa Online
    • Get your interest paid on maturity, monthly, quarterly, annually or bi-annually
    • If you are 55 years or older, you will receive an additional bonus interest rate which will be included 
    • 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

Similar products

Dynamic Fixed Deposit

Lock in your savings with a fixed rate and flexibility
Opening deposit
R1 000
Earn interest up to
10.89%
Access to funds
Up to 50%
Tell me more Apply now

Islamic Term Deposit

Lock in your saving and earn profit share
Opening deposit
R1 000
Earn profit share up to
10.76%
Access to funds
Fixed
Tell me more Apply now

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

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