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