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

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

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

    Apply now

  • 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 three-year period, or 10 days’ notice after account maturity
    • A minimum monthly deposit of R100 over three years is required
    • Balances below R50 do not earn interest

See the interest rates

for our FuturePlan
Balance Tiers >R 1000 >R 2000 >R 5000 >R 6000 >R 10 000
Rate 4.00% 4.00% 4.00% 4.20% 4.40%
Balance Tiers >R 10 000 >R 15 000 >R 20 000 >R 25 000 >R 50 000 >R 100 000 +R1 000 000
Rate 4.40% 4.40% 4.80% 5.30% 5.30% 5.30% 5.30%

Last reviewed on 17 January 2020

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