Save for a goal or retirement with a guaranteed fixed interest rate

All you need is R1 000 to start investing for your future. Giving you a wide range of choices to personalise your investment, the Absa Fixed Deposit account offers a range of investment terms and interest rates to help you reach your investment goals. Invest from 8 days to 5 years - and achieve your goals, no matter what they are.

Apply now

Choose how much you invest
Choose how much you invest

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

Interest payment flexibility
Interest payment flexibility

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

Your interest rate is guaranteed
Your interest rate is guaranteed

It is fixed for the entire term of your investment.

Invest for as long as you need
Invest for as long as you need

From 8 days to 5 years, you choose the investment period that suits you.

How to get it and what to expect

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

If you are an existing Absa customer, you can apply for a Fixed Deposit account online via internet banking. If you are not an Absa customer, registering to become one is quick and easy.

When applying, you will need the following:

  • Your South African ID
  • Proof of residence
  • A minimum of R1 000 deposit to open the account

Apply now

Features of the Fixed Deposit account
Features of the Fixed Deposit account
  • You will need a minimum deposit of R1 000 to open your account, and you can invest as much as you like.
  • Choose your own investment term – anything from 8 days to 5 years.
  • Your interest rate will be fixed for the entire investment period.
  • 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% - 7.20% 7.30% 7.35% 7.50% 7.35% 7.40% - 8.90%
R100 001 - R999 999.99 2.00% 5.70% - 7.20% 7.30% 7.35% 7.50% 7.75% 7.40% - 8.90%

Last reviewed on 30 March 2017

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

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