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Register

Absa Tax-Free Savings Account

Grow your wealth tax free with a fixed deposit

We offer you a superior launch rate of 8.70%pa interest paid at maturity for a 12 month fixed period. Launch Rate offered for a limited period.

Visit your nearest branch

Your capital and interest are guaranteed.

Start from R33 000 per tax year.

Transfer funds from another institution to ours without losing your tax free benefit.

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

When transferring you will need:

Your South African ID
Proof of residence (not older than three months)
Transfer Request form
What you need to know
Launch rate of 8.70% interest per annum at maturity. Launch rate offered for a limited period

Capital and interest guaranteed

Invest in a fixed deposit without paying tax

Transfer funds without losing your tax free benefit

No maximum investment limit if you are transferring from one institution to our tax free savings

Investment limit of up to R33 000 per tax year or up to R500 000 in a lifetime

Over contribution will result in SARS levying a penalty fee of up to 40%

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