The whole family can contribute to your child’s education with this group savings plan.

Apply now

Apply now

No bank charges

No bank charges and administration fees.

Bonus interest from Absa

Bonus interest from Absa

Tiered interest rates

The more you save, the more interest you earn.

Applying for FuturePlan
Applying for FuturePlan

When applying, you will need:

  • Your South African ID
  • Proof of residence (not older than 3 months)

Apply now

Apply now

Features of a FuturePlan
What you need to know
  • Any number of people can contribute to your child’s education.
  • 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 4.30% 4.30% - 4.50% 4.50% 4.70% - 4.90% 4.90% 5.30 % - 5.80%

Last reviewed on 21 July 2017

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

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