Save or Invest At ABSA For A Rainy Day
Imagine the peace of mind you would have if you had some emergency money for life’s unexpected events.
Start young, or teach your children to save
- Start putting away some money each month as soon as you are able.
- Open up a savings account for your children when they are young.
Make smart money choices every day
- Pack your own lunch.
- Resist buying coffee at work. Buy non-perishable items in bulk at a lower per-unit cost.
- Buy expensive items – from clothing to new tyres for your car – on sale.
- Buy seasonal fruits and veggies.
Why should I save?
If we don’t have immediate access to money in an emergency, we would need to take out a loan, an extension on our bond, or dip into our overdraft. The interest rates on these are quite high – meaning that you pay more than you borrow.
Depositor Plus
- Opening deposit of
R15 000 - The more you invest the more interest you will earn
- Access your money immediately
Tax-Free Savings
- Opening deposit of
R1 000 - You can contribute up to R33 000 per tax year
- Access your money immediately
- Don’t pay tax on interest earned
Investor Plus
- Minimum investment of R250 000
- 24 hours’ notice to access your money
- Monthly management fee of R75
TruSave
- Opening deposit of R50
- No monthly administration fees
- Access your money immediately
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
Absa Money Market Fund
- Opening deposit of R100 000
- No monthly administration fees
- Access your money immediately
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