Shared dreams turn into collective prosperity when you save as a group with Absa’s group savings accounts.
Save as a group, family or friends and stand a chance to win part of your monthly contributions for your stokvel and an incredible grand prize of R50 000.
Terms and conditions apply. Valid until 15 December 2024
Discover the perfect solution for your stokvel’s needs:
Group savings accounts give families or friends the chance to pool their resources to invest more money and gain better returns on their investment.
Investment Club Account
- Opening deposit of R100
- You need two or more members to open the account
- This is a group account- for Stokvels, friends and family
- You pay no monthly management fees
- Capital and interest earned guaranteed
Manage my account online:
- Register for Online Banking and enjoy some of these group benefits:
- Pay out members anywhere anytime using EFT on Absa Online
- Access an electronic statement on Online Banking
- Track member contributions
- Reduce some transactional fees
Travel Club Account
- Opening deposit of R1000
- You need two or more members to open the account
- This is a group account- for Stokvels, friends and family
- You pay no monthly management fees
- Capital and interest earned guaranteed
Manage my account online:
- Register for Online Banking and enjoy some of these group benefits:
- Pay out members anywhere anytime using EFT on Absa Online
- Access an electronic statement on Online Banking
- Track member contributions
- Reduce some transactional fees
Grocery Stokvel Account
- Opening deposit of R50
- You need two or more members to open the account
- This is a group account- for Stokvels, friends and family
- You pay no monthly management fees
- Capital and interest earned guaranteed
Manage my account online:
- Register for Online Banking and enjoy some of these group benefits:
- Pay out members anywhere anytime using EFT on Absa Online
- Access an electronic statement on Online Banking
- Track member contributions
- Reduce some transactional fees
You can also get an overview of all our products here