Tax Free Fixed Deposit Account
  • Launch rate of 8.70% pa, interest at maturity offered for a limited period
  • Minimum once off opening deposit of R30 000
  • Maximum deposit is limited to a once off R36 000 except if you are transferring from one tax-free account from another institution to ours
  • Investment is fixed for 12 months
  • No tax is payable on the interest earned
  • Interest is payable on maturity

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Tax Free Savings Account
  • Opening deposit of R1 000
  • Tiered interest rates
  • Don't pay tax on your returns
  • Save up to R36 000 per year tax free
  • 40% penalty on access balance
  • Immediate access to your money
  • Earn additional interest with the Absa Digital Bonus Rate

 

 

 

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Tax Free Investment Account
  • Opening deposit of R10 000
  • Don’t pay tax on your returns
  • Save up to R36 000 per year tax free
  • Invests in unit trusts, exchange-traded funds and wrap portfolios
  • A choice of various funds to meet your risk appetite
  • Earn additional interest when you open and manage your account digitally

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Tax Free ETF Savings Account
  • Reduced brokerage of 0,2% with no minimum and no monthly fee
  • No securities transfer tax (STT) on purchases
  • No capital gains tax (CGT) when you sell these products
  • No dividend withholding tax (DWT) on dividends earned
  • No tax on interest earned
  • All approved ETFs offer you exposure both locally and offshore

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