Get the superior special rate offer on our 12 month fixed deposit, interest is paid at maturity. Offer is for a limited period. Ts and Cs apply.

Visit your nearest branch

Tax-free savings account

Capital guaranteed

Your capital and interest are guaranteed.

Immediate access to your money

Minimum investment

Start from R36 000 per tax year.

Emergency fund

Switch to Absa

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

    • 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 R36 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%

  • How to access our Notice and Fixed savings during Covid-19

    Should you find yourself in financial difficulty due to the Covid-19 impact and need to access your Notice and Fixed deposit funds. You can call us on 0860 111 515 or email savings@absa.co.za. For the safety of our staff and to meet the social distancing requirements, we will be operating with skeleton staff during the lockdown period, please expect a delayed response.

Balance Tiers Rate
Tax Free Fixed  
R33 000 - R9 999 999 999 999.99 5.37%
Last reviewed on 26 October 2021
*Interest paid at maturity		  

Let us call you back

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