Invest from eight days to five years and achieve your goals, no matter what they are.

Apply now

Your interest rate is guaranteed

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

Interest payment flexibility

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

Choose how much you invest

You can invest any amount from R1000 and above.

  • Fixed Deposit offer:

    • Investment term is 12 months
    • Up to 7.90%* p.a. interest rate, paid at maturity
    • Minimum deposit of R1m+
    • Applicable to 55 years and older.
  • Applying for the Fixed Deposit Account

    When applying, you will need:
    • Your South African ID
    • Proof of residence (not older than three months)

    Apply now

  • What you need to know

    •  Choose your own investment term — anything from eight days to five years
    • Seniors 55 years or older, may receive an additional Senior bonus interest rate which may be automatically included for qualifying deposits.
    • As a Prosperity Cheque Accountholder  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
    • In addition, if you are an Absa Rewards member and maintain a minimum combined balance of R5 000 in your Savings or Investment accounts*, you will get a Rewards score of 55. To join Absa Rewards, visit absa.co.za/rewards.

Standard Interest Rates

 

 

Investment Term

R1000 to R100,000

R100,001 to R999,999

R1,000,000 +

 

Monthly

 

Maturity

 

 

Monthly 

 

Maturity

 

Monthly

 

Maturity

8 - to 31 days 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
1 month 3.50% 3.50% 3.60% 3.60% 3.60% 3.60%
2 months 3.55% 3.56% 3.65% 3.66% 3.65% 3.66%
3 months 3.80% 3.81% 4.00% 4.01% 4.00% 4.01%
4 months 3.80% 3.82% 4.00% 4.02% 4.00% 4.02%
5 months 3.80% 3.83% 4.00% 4.03% 4.00% 4.03%
6 months 5.50% 5.57% 5.70% 5.77% 5.90% 5.97%
7 months 5.35% 5.42% 5.45% 5.52% 5.55% 5.62%
8 months 5.35% 5.44% 5.45% 5.54% 5.55% 5.64%
9 months 6.00% 6.13% 6.05% 6.18% 6.30% 6.43%
10 months 5.80% 5.93% 5.90% 6.03% 6.00% 6.13%
11 months 5.80% 5.95% 5.90% 6.05% 6.00% 6.15%
12 months 7.10% 7.40% 7.30% 7.60% 7.30% 7.60%
13-17 months 6.10% 6.33% 6.20% 6.43% 6.20% 6.43%
18 months 7.05% 7.48% 7.90% 8.33% 7.90% 8.33%
19-23 months 6.35% 6.71% 6.45% 6.81% 6.45% 6.81%
24 months 7.15% 7.70% 7.50% 8.05% 7.50% 8.05%
25-35 months 7.00% 7.65% 7.10% 7.75% 7.10% 7.75%
36 months 7.50% 8.43% 7.80% 8.73% 7.80% 8.73%
37-47 months 7.20% 8.22% 7.50% 8.52% 7.50% 8.52%
48-59 months 7.20% 8.54% 7.50% 8.84% 7.50% 8.84%
60 months 8.25% 10.26% 8.75% 10.76% 8.75% 10.76%
Senior Interest Rates 

(Exclusive to clients from 55 years and older only)

 

 

Investment Term

R1000 to R100,000

R100,001 to R999,999

R1,000,000 +

 

Monthly

 

Maturity

 

 

Monthly 

 

Maturity

 

Monthly

 

Maturity

8 - to 31 days 3.10% 3.10% 3.10% 3.10% 3.10% 3.10%
1 month 3.70% 3.70% 3.75% 3.75% 3.80% 3.80%
2 months 3.75% 3.76% 3.80% 3.81% 3.90% 3.91%
3 months 4.25% 4.26% 4.30% 4.31% 4.30% 4.31%
4 months 4.25% 4.27% 4.30% 4.32% 4.30% 4.32%
5 months 4.25% 4.28% 4.30% 4.33% 4.30% 4.33%
6 months 5.85% 5.92% 5.90% 5.97% 6.00% 6.07%
7 months 5.65% 5.72% 5.75% 5.82% 5.85% 5.92%
8 months 5.65% 5.74% 5.75% 5.84% 5.85% 5.94%
9 months 6.25% 6.38% 6.55% 6.68% 6.80% 6.93%
10 months 6.00% 6.13% 6.10% 6.23% 6.20% 6.33%
11 months 6.00% 6.15% 6.10% 6.25% 6.20% 6.35%
12 months 7.10% 7.40% 7.45% 7.75% 7.60% 7.90%
13 -17 months 6.70% 6.93% 6.90% 7.13% 6.90% 7.13%
18 months 7.25% 7.68% 8.00% 8.43% 8.00% 8.43%
19-23 months 6.80% 7.16% 6.90% 7.26% 6.90% 7.26%
24 months 7.95% 8.50% 8.00% 8.55% 8.05% 8.60%
25-35 months 7.50% 8.14% 7.65% 8.29% 7.65% 8.29%
36 months 8.00% 8.93% 8.25% 9.18% 8.35% 9.28%
37-47 months 7.80% 8.82% 7.90% 8.92% 8.00% 9.02%
48-59 months 7.80% 9.14% 7.90% 9.24% 8.00% 9.34%
60 months 8.80% 10.81% 9.00% 11.01% 9.10% 11.11%

*Monthly – The rate associated with the investment should you choose to get your interest paid monthly.

*Maturity – The rate associated with the investment should you choose to get all your interest paid when your investment matures.

Last reviewed on 03 August 2022

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

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