By | October 19, 2017
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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
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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