The whole family can start contributing to your child’s education

Saving enough for your child’s future can be difficult in the current economic climate – but it isn’t a burden you need to bear alone. Together with godparents, grandparents, aunties, uncles and even friends, you can all contribute to your child’s education.

Apply now

Apply now

No bank charges
No bank charges

And you won’t pay monthly administration fees.

Bonus interest from Absa
Bonus interest from Absa

Earn bonus interest every 12 months, and an additional Absa Education Interest Contribution of 3.5% (up to R1 000).

Tiered interest rates
Tiered interest rates

The more you save, the more interest you will earn.

Savings amount
Savings amount

A minimum monthly deposit of R100 per month is required, for 3 years.

How to get it and what to expect

Applying for FuturePlan
Applying for FuturePlan

If you are an existing Absa customer, you can apply for a FuturePlan 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 (not older than 3 months)

Apply now

Apply now

Features of a FuturePlan
Features of FuturePlan
  • Any number of people can contribute to your child’s education.
  • There are no bank charges or administration charges.
  • You earn tiered interest rates – and get bonus interest annually.
  • Absa contributes additional interest of 3.5% (up to R1 000).
  • You can access your funds at 32 days’ notice after the initial 3-year period, or 10 days’ notice after account maturity.
  • A minimum monthly deposit of R100 over 3 years is required.
  • Balances below R50 do not earn interest.

See our interest rates

for FuturePlan
  R50 - R499 R500 - R4 999 R5 000 - R5 999 R6 000 - R14 999 R15 000 - R19 999 R20 000 +
Rate 4.55% 4.55% - 4.75% 4.75% 4.95% - 5.15% 5.15% 5.55 % - 6.05%
Effective 29 January 2016

All interest rates are expressed as a percentage per annum 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