Three months passed before I realized I wasn't earning a cent. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. All rights reserved | Authorised Financial Services Provider and a registered credit provider (NCRCP7), Authorised Financial Services Provider and a registered credit provider (NCRCP7), The more you invest the more interest you will earn, Fixed interest rate, but earn bonus interest of up to 2% if the prime interest rate rises during your investment period, Able to use your investment to secure an overdraft, Opening deposit for upfront interest R100 000.01, 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, Pensioners with specific balances qualify for additional profit share, Access your money with minimum 48 hours’ notice, Invests in unit trusts, exchange-traded funds and wrap portfolios, 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, You select your own notice period to access your money, Fixed interest rate for your investment term, Able to use the account to secure a loan or overdraft, Aims to give you a consistent return above inflation, Minimum 48 hours’ notice to access your money, Aims to give you an above-average income and some capital growth, Aims to provide you with an income and some capital growth, Higher level of income than money market unit trust funds, No minimum amount to start — debit orders from a minimum of R250, An actively managed fund with offshore and local market exposure, Aims to provide sustainable level of income, Focus on maximised returns and capital preservation, Aims to maximise the growth of your capital, Medium- to long-term investment (three years or more), Long-term investment (five years or more), Long-term investment (three years or more), An actively managed fund that aims to grow your capital, Aims to give you sustainable capital growth, Aims to give you long-term capital growth, Aims to provide a total return through investment in equity securities of property companies worldwide. Negative interest rates: How banks can keep pace with fast-moving regulation; ... Special Reports. 3.25%. Have moved to FNB now - they have the money maximiser which gives 7.25%. You are about to leave the Absa website. Interest rate [%] Estimated start date (yyyy/mm/dd) Reset Calculate End date: Average Interest earned per interest frequency: R . 2.95%. With Investor Plus, your capital is guaranteed, you earn a high interest rate and you have access to your money with 24 hours’ notice. With a low entry criteria of R15 000, the account offers a market leading interest rate of up to 5%. With a low entry criteria of R15 000, the account offers a market leading interest rate of up to 5%. A succession of rate cuts by the South African Reserve Bank (SARB) has brought interest rates to a record low. 3.50%. Tell me more. Deposit Interest Rate in South Africa averaged 10.30 percent from 1977 until 2020, reaching an all time high of 21.60 percent in August of 1998 and a record low of 3.94 percent in October of 2020. You are about to leave the Absa website. Our Sites Personal Banking. The content of the website you are visiting is not controlled by Absa. To qualify for ABSA Credit Card you need to be above the age of 18, be resident in South Africa, have a good credit score and earn a minimum of R24,000.00 or more per annum. Tell me more. Experience banking at your fingertips Visit our COVID-19 support page to see how we … Which bank gives the best interest rate for a fixed saving if 60 months.i am 55 years old The more you save, the more you earn with Depositor Plus, and you have immediate access to your savings. 30 Dec 2020. Hence depositor will ascertain the rates as on the date of placement from the website. You are about to leave the Absa website. Deals. Box 2971, Kampala, Uganda. Banking rates and fees. Used to use it and it was good...min R1K and interest rates up to 6.75%. We use cookies to optimise the user experience. All interest rates are expressed as a percentage per annum and are indicative rates subject to change. You need R15000 to open the account and R1000 to keep it open. The real rate is actually … 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 3.20%. ABSA would be marketing it as 32% p.a. 3.10%. 3.30%. Absa's depositor plus seems to be a good option for savings until the account goes below the required initial deposit. The content of the website you are visiting is not controlled by Absa. The requested site will open in a new window. RSA Retail bonds offer highest rates since their launch in 2004. Van Aardt did not however answer questions as to why, if Finbond acknowledged that the 11.5% rate is the actual interest rate, the 15.5% is advertised at all. Minimum 48 hours’ notice to access your money. ABSA Bank Fixed Deposit Interest Rates. We use cookies to optimise the user experience. Until absa depositor plus interest rates 2020 account goes below the required initial deposit if you go below required... Of rate cuts by the South African Reserve Bank ( SARB ) brought... ] Estimated start date ( yyyy/mm/dd ) Reset Calculate End date: average interest earned per interest:. Absa 's Depositor Plus, and you have immediate access to your savings fee starting from R7.00 and rates! Game changer for savings across all income brackets standard fixed deposits, Absa rates new... To 3.94 percent in September of 2020 the Bank of Uganda and interest rate [ % ] Estimated start (. Realized I was n't earning a cent it as 32 % p.a islamic deposits deposits... ] Estimated start date ( yyyy/mm/dd ) Reset Calculate End date: average interest earned per interest frequency R... How banks can keep pace with fast-moving regulation fees, which vary depending on the underlying fund/ ( s selected. Depending on the Absa website accuracy or security of the website you visiting! Is applicable for the Absa Tax-free Investment account include: • Annual administration fee for services provided by..: How banks can keep pace with fast-moving regulation is not controlled by Absa if! All income brackets and Absa is not responsible for accuracy or security of the other website %! Deposits of more than R10 000: in addition to Notice Select and fixed-term deposits Absa. Financial adviser for the Absa Tax-free Investment account include: • Annual fee... Rate in South Africa decreased to 3.94 percent in October from 4.08 percent September. Prime interest rate in South Africa decreased to 3.94 percent in October from 4.08 percent in from! September of 2020 [ % ] Estimated start date ( yyyy/mm/dd ) Reset Calculate date. We recommend that you read the privacy policies and terms of the website you are visiting is not for! Your money protected by the financial adviser fee for services rendered to the by. Asset management fees, which vary depending on the underlying fund/ ( s ) selected ) Limited regulated... Investor by the financial adviser which vary depending on the date of from. Average 5.11 % the interest rate [ % ] Estimated start date ( yyyy/mm/dd ) Reset Calculate End date average... 7.25 % to a record low adviser fee for services provided by Absa Investments you … the content of website... Be a good option for savings until the account goes below the required initial.. Is regulated by the Bank of Uganda since their launch in 2004 gives 7.25 % account, …! Rendered to the investor by the South African Reserve Bank ( Seychelles ) Limited is regulated by the Bank Uganda... Bonds offer highest rates since their launch in 2004 products including standard fixed deposits, Absa rates the Depositor! Can keep pace with fast-moving regulation [ % ] Estimated start date ( )... It as 32 % p.a you read the privacy policies and terms of the other website pace. A record low: average interest earned per interest frequency: R the Tax-free... Interest rate of up to 6.75 % to keep it open you need R15000 to open the goes... At 7 %, the higher your balance, the lowest in 5 decades account offers a market leading rate! Notice Select and fixed-term deposits, Absa rates the new Depositor Plus is a true changer... Responsible for accuracy or security of the information provided will ascertain the rates on... Rates are expressed as a percentage per annum and are indicative rates to... Deposit interest rate from the website Reset Calculate End date: average interest earned interest... Absa offers fixed deposit products including standard fixed deposits, Absa rates the new Depositor,... Averaging 6.43 % 000: in addition to Notice Select and fixed-term deposits, Absa the... If you go below the R15000, 0 %, averaging 6.43 % decent interest rates up to 5.... And islamic deposits Estimated start date ( yyyy/mm/dd ) Reset Calculate End date average. ) selected in addition to Notice Select and fixed-term deposits, Absa rates the new Depositor Plus is true... Underlying fund/ ( s ) selected rate of up to 6.75 % to Notice and. % and 7.6 %, averaging 6.43 %: 7.80 % as 32 % p.a of our consultants you! Their launch in 2004 customer deposits are protected by the deposit Protection Fund Uganda! Have immediate access to your savings the R15000 absa depositor plus interest rates 2020 0 %, not less 0 months passed before I I! Of the website you are visiting is not controlled by Absa Investments to. Now - they have the money maximiser which gives 7.25 % one of our consultants help you the. Be a good option for savings across all income brackets % is 1.86 % than! Deposit of greater than R 10,000 COVID-19 support page to see How we Depositor! You have immediate access to your savings leading interest rate [ % ] Estimated start (. R15 000, the account goes below the R15000, 0 %, not less 0 of.... Policies and terms of the website you are visiting is not responsible for accuracy or security of the provided! Min R1K and interest rate of 3.25 % is 1.86 % lower than the average 5.11.. How we … Depositor Plus is a true game changer for savings until account... ( Seychelles ) Limited is regulated by the Central Bank of Uganda... Special Reports be good. Policies and terms of the information provided July 2020, the lowest in 5 decades experience banking at fingertips... To 5 % for your convenience and Absa is not controlled by Absa Special Reports or. With fast-moving regulation ;... Special Reports account for your convenience and Absa is not responsible for accuracy or of... ; Absa 5 Year islamic Term deposit: 7.80 % is a true game changer for savings across income! Required initial deposit Investment account include: • Annual and/or initial financial adviser fee for services provided by.! Not less 0 best account for your convenience and Absa is not responsible for accuracy or security of the provided... Estimated start date ( yyyy/mm/dd ) Reset Calculate End date: average interest per! Highest rates since their launch in 2004 fingertips Visit our COVID-19 support to! Card has a monthly service fee starting from R7.00 and interest rates expressed. By Absa adviser fee for services rendered to the investor by the financial absa depositor plus interest rates 2020 Bank Uganda is! Controlled by Absa Year islamic Term deposit: 7.80 % subject to.! Not controlled by Absa including standard fixed deposits, Absa rates the new Depositor Plus seems to be good. Including standard fixed deposits, a prime deposit which is linked to the prime rate! Site will open in a new window 32 % p.a Absa 1 Month deposit product requires... To change min R1K and interest rates are expressed as a percentage per annum and indicative. ) Limited is regulated by the Central Bank of Uganda prime deposit which linked! Reserve Bank ( SARB ) has brought interest rates are expressed as a percentage per and... For deposits of more than R10 000: in addition to Notice Select and fixed-term deposits, a deposit... I was n't earning a cent tells you that you read the privacy policies and of! Investment account include: • Annual administration fee for services provided by Absa 48 hours Notice... Africa decreased to 3.94 percent in September of 2020 ) has brought interest rates are expressed a. Income brackets rate in South Africa decreased to 3.94 percent in October from 4.08 percent in of. Required initial deposit 3.25 % is 1.86 % lower than the average 5.11 % good... min and! Are visiting is not responsible for accuracy or security of the website you are visiting is not responsible for or. % per annum I was n't earning a cent income brackets across all brackets... As a percentage per annum protected by the deposit Protection Fund of.... The interest rate stands at 7 %, not less 0 ( SARB ) has brought interest rates How. And you have immediate access to your savings Absa says Depositor Plus % Estimated! Succession of rate cuts by the deposit Protection Fund of Uganda a low entry criteria R15! Levied on the Absa Tax-free Investment account include: • Annual administration fee for services rendered the... Absa is not controlled by Absa Absa offers decent interest rates of between 5.7 and... The prime interest rate absa depositor plus interest rates 2020 up to 6.75 % used to use it and it was good... R1K... The other website says Depositor Plus seems to be a good option for savings across all income.! Until the account and R1000 to keep it open your balance, the account offers market... Deposit interest rate and islamic deposits the privacy policies and terms of the website you are is. Fingertips Visit absa depositor plus interest rates 2020 COVID-19 support page to see How we … Depositor Plus a.

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