Save or Invest At ABSA For Your future

We help you select the right solution to save and invest for your future, taking into consideration everything from your risk appetite (low risk or high) to the term you want to invest for. The first step is to decide how cautious or bold you want to be with your money.
Low-risk investments

Choosing a low-risk investment is a cautious route that could benefit you if you are a first-time investor looking to see how various markets or products work, and what benefit you get out of your investment.

Savings Plans

A great way to save for a specific goal, savings plans have different features – such as tiered interest rates or easy access to your money – to suit your specific needs.

TargetSave

Opening deposit of R100
Tiered interest rate that increases as your money grows
Earn bonus interest if you save for longer than the 6-month term
Access your money with 32 days’ notice

Islamic TargetSave

Opening deposit of R100
Compliant with Shari’ah law
No service or administration fees
Access to your money with 32 days’ notice

FuturePlan

Opening deposit of R100
Tiered interest rates – the more you save, the more interest you earn
Many people can save toward your child’s education with one account
No bank charges or admin fees

Notice Select

Opening deposit of R1 000
Make additional deposits at any time
Invest for at least 7 days
No monthly administration fees
You select your own notice period to access your money

Tax Free

Invest in a specially designed tax-free savings product so that you can get the most benefit from your annual tax-free allowance.

Tax Free Savings Account

Opening deposit of R1 000
Tiered interest rates
Don’t pay tax on your returns
Save up to R33 000 per year tax free
Access your money immediately

Tax Free Investment Account

Opening deposit of R10 000
Don’t pay tax on your returns
Save up to R33 000 per year tax free
Invests in unit trusts, exchange traded funds and wrap portfolios

Term Deposit

Ideal if you want higher investment returns, but don’t need immediate access to your money.

Dynamic Fixed Deposit

Opening deposit of R1 000
Opening deposit for upfront interest R100 000.01
No monthly administration fees
Choice of either a fixed interest rate for guaranteed returns or an interest rate linked to prime
Immediate access to your interest upfront or access to up to 50% of your investment
Ideal if you want higher investment returns with or without immediate access to a portion of your money

Bonus Deposit

Opening deposit of R1 000
Fixed interest rate, but earn bonus interest of up to 2% if the prime interest rate rises during your investment period
Funds are available on 32 days’ notice
Able to use your investment to secure an overdraft

Islamic Term Deposit

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

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

Unit Trusts

Diversify your investment portfolio with unit trusts – which give you reach into a wide range of investment markets, both locally and offshore.

You can use the self service tool to find the right investment product to suit your risk profile and investment needs.

Absa Money Market Fund

Opening deposit of R100 000
No monthly administration fees
Access your money immediately
No fixed investment period

Absa Fundisa Fund

Minimum lump sum is R40
Minimum monthly contribution is R40
Anybody can invest for the tertiary education of a child from a low-income household
An annual bonus of up to 25% of the amount invested in a year is payable

Absa Income Enhancer Fund

Opening deposit of R2 000
Aims to provide a reasonable level of current income and capital stability
Access your money with minimum 48 hours’ notice
No fixed investment period

Virtual Investor

Easy access

An ideal way to save, but still have access to your money immediately if you need it for an emergency.

TruSave

Opening deposit of R50
Add to your savings when you are able
No monthly administration fees
Access your money immediately

Depositor Plus

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

Dynamic Fixed Deposit

Opening deposit of R1 000
No monthly administration fees
Choice of either a fixed interest rate for guaranteed returns or an interest rate linked to prime
Immediate access to a portion of your investment

Investor Plus

Minimum investment of R250 000
24 hours’ notice to access your money
Monthly management fee of R75

A low-cost alternative to actively managed funds, ETFs track the performance of specific sectors, indexes or assets.

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