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.

  • What you get

    A chance to win part of your stokvel’s contributions capped at R5 000 per month.

    Plus, a chance to win a R50 000 prize towards your stokvel.

  • What you need to do

    To stand a chance to win your contribution back capped at R5 000:

    • You should have an Absa Stokvel Account with a minimum monthly contribution of R5 000
    •  Maintain a deposit of R5 000 per month during the campaign period.
       

    The R50 000 Grand Prize

    • Stokvels that have consistently maintained a minimum of R5 000 in monthly contributions throughout the promotional period will be entered for a grand prize of R50 000 in December 2024.

  • What you need to know

    The competition is open to new and existing Absa Stokvel Account holders who hold the following accounts with Absa:
     

    • Existing Absa Club Accounts
    • Absa Investment Club Account
    • Travel Club Account
    • Grocery Stokvel
    • Any of the Savings and Investments qualifying accounts for stokvels (excluding Tax Free Accounts)

  • How to apply

    Apply at your nearest Absa Branch

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

Contact your branch

Tell me more

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

Contact your branch

Tell me more

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

Contact your branch

Tell me more

  • Up to five years

    Depositor Plus
     

    • Opening deposit of R15 000
    • The more you invest the more interest you will earn
    • Access your money immediately








       

    Apply now

    Tell me more

    Investor Plus
     

    • Minimum investment of R250 000
    • 24 hours’ notice to access your money
    • No monthly management fee







       

    Apply now

    Tell me more

    Notice Select 
     

    • Opening deposit of R1 000
    • Make additional deposits at any time
    • Invest for at least seven days
    • No monthly administration fees
    • You select your own notice period to access your money






    Apply now

    Tell me more

    Absa Stockbrokers and Portfolio Management

    • Invest and trade in equities and exchange traded funds locally and offshore in over 20 exchanges
    • No minimum amount to start — debit orders from a minimum of R250
    • With over R250 000 to invest, a portfolio manager can help you
    • Invest in a tax-free savings account, for local and offshore exposure
    • No age limit 

    Apply now

    Tell me more

    Dynamic Fixed Deposit

    • Opening deposit of R1 000
    • Opening deposit to access your interest upfront is R100 000.01
    • Seniors 55 years or older, may receive an additional Senior bonus interest rate which may be automatically included for qualifying deposits.
    • No monthly administration fees
    • Choice of either a fixed interest rate for guaranteed returns or an interest rate linked to prime
    • Choose to have access to up to 50% of your funds anytime during your investment term.
    • Ideal if you want higher investment returns with or without immediate access to a portion of your money

    Apply now

    Tell me more

    Fixed Deposit

    • Opening deposit of R1 000
    • Fixed interest rate for your investment term
    • Choose an investment term that suits you
    • Able to use the account to secure a loan or overdraft
















       

    Apply now

    Tell me more

    Islamic Term Deposit

    • Opening deposit of R1 000
    • Shari’ah-compliant
    • No monthly fees
    • Pensioners with specific balances qualify for additional profit share

















       

    Apply now

    Tell me more

  • Five years +

    These products could help you save for your family’s future

    Absa Stockbrokers and Portfolio Management

    • Invest and trade in equities and exchange traded funds locally and offshore in over 20 exchanges
    • No minimum amount to start — debit orders from a minimum of R250
    • With over R250 000 to invest, a portfolio manager can help you
    • Invest in a tax-free savings account, for local and offshore exposure
    • No age limit 

    Apply now

    Tell me more


You can also get an overview of all our products here

View our rates and fees