Aug, 2019. Close. Absa Bank Limited, Registration number 1986/004794/06. It represents a guaranteed compound interest rate of 10.05%, which is around 5.0% above inflation. *Bonus interest is a percentage of the interest you receive at the end of each year in addition to the interest earned. Download the rates and fees pricing brochure that you are looking for. All rights reserved | Authorised Financial Services Provider and a registered credit provider (NCRCP7), How to access our Notice and Fixed savings during Covid-19, Authorised Financial Services Provider and a registered credit provider (NCRCP7), Proof of residence (not older than three months), The minimum investment amount is R250 000, You have to give 24 hours’ notice to withdraw your money, You can cede the funds in your account as security against a loan, 2 Absa ATM cash deposits per month are included, Fund transfers via Absa ATM, online and mobile at no charge. Download the Business & Corporate Credit Card Rates. As an Absa Rewards member, you earn up to 1.15% cash back when you pay with your Absa Cheque, Debit or Credit card. “Absa provided us with advice on matters related to project finance and maximising interest income on excess cash. You can adjust your portfolio and contributions as you see fit. All interest rates are expressed as a percentage per annum and are indicative rates subject to change. Absa Investments ; Cash Self Service ; Data Security Manager ; Logon . Tell me more. You are about to leave the Absa website. We are dedicated to growing your business - whether it be small or large - and offer you a wide range of solutions to suit your specific needs and requirements. Which money market fund is best? ABSA Bank Interest Rates. Each of our packaged solutions is an inclusive banking offering that is dedicated to accommodating your unique needs, all in one package - provided at highly competitive and affordable rates and fees. A rainy day ; A goal ; My family or club ; My retirement ; My future ; All products ; Tax-free savings and investments ; Stockbroker and Portfolio Management ; Look at our savings and investment accounts. Our Business Packages offer everything you need to grow your business with confidence, in one package, combining a current account with expert advice seminars, networking opportunities, software and training courses. Contact. Our range of dynamic cheque and debit card accounts offer comprehensive individual banking solutions that suit your unique requirements at very competitive rates and fees. Cash Invest Tracker The nominal rate is the interest rate on deposits which is unadjusted for compounding interest. The content of the website you are visiting is not controlled by Absa. Buying a home is one of the biggest investments that you will make in your life - but hidden costs can cripple you monthly; which is why we have a highly transparent rates and fees structure. Money market funds offer higher rates than a savings account, but also require higher balances. You can call us on 0860 111 515 or email savings@absa.co.za. Open one today. Unused transactions will roll over and discounts apply for positive balances. Absa Bank Limited, Registration number 1986/004794/06. This will end on the 31 December 2021. Therefore, this ETF will deliver a low-risk, reliable return as you are pretty much earning interest on your capital. If you can invest just over R100 000 for 49 months the bank is offering a nominal rate of 10%. For advertising purposes, we had options of whether to position 10.05% or 13% per annum,” says Cowyk Fox, Absa’s managing executive for unsecured lending at its retail and business bank. Download the 2020 Pricing Brochure Download the 2020 Pricing Brochure Products no longer on sale Download the 2019 Pricing Brochure Download the 2019 Pricing Brochure Products no longer on sale. Rate after Advice Fee @ RBB 14 January 2021 14 January 2021 14 January 2021 Investment Account –CIT (Annual percentage) 4.1221% 3.8346% 3.6996% *advice and platform fees inclusive of VAT The AIMS Daily Rate is currently being enhanced by 0.25% at the discretion of RBB. You will also earn up to 30% cash back when you fill up or shop at Sasol. Interest rates will vary depending on your credit profile, spending and saving behaviour, when you applied for your home loan and are contracted when you sign your home loan agreement. Menu. Also it is 2.27 % lower than the highest rate 7.97 Updated Aug, 2019 on ABSA Bank's secure website. Insights into fees, investment terms and underlying investment holdings. All rights reserved | Authorised Financial Services Provider and a registered credit provider (NCRCP7), Interest Rates for less than a R1 000 deposit, Interest Rates for between R1 000 and R10 000 deposits, Interest Rates for more than a R10 000 deposit, Interest rates for products no longer available for sale, 2020 Pricing Brochure Products no longer on sale, 2019 Pricing Brochure Products no longer on sale, Authorised Financial Services Provider and a registered credit provider (NCRCP7), Balance R1000.00 - R100 000.00 | Fixed Rate, Balance R100 001.00 - R999 999.99 | Fixed Rate, Balances R1 000 000.00 - R99 999 999 999.99 | Fixed Rate, Balance R1000.00 - R100 000.00 | Prime Linked, Balances R100 001.00 - R999 999.99 | Prime Linked, Balances R1 000 000.00 - R99 999 999 999.99 | Prime Linked, *The rates above are applicable from month 13 onwards. ABSA Bank Fixed Deposit Interest Rates. We recommend that you read the privacy policies and terms of the other website. When you’ve used up all the free transactions, you will only pay the standard fee per transaction. “Absa provided us with advice on matters related to project finance and maximising interest income on excess cash. As far as I can understand, it's 13% at the maturity of the deposit: IE around 10.50% at the start of the fixed deposit for a 5-year fixed term with interest re-invested @ 10.50% annually Absa Head Office: Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, 2000, Terms Of Use | Banking Regulations | Policy Statement | Security Centre | © Copyright. We recommend that you read the privacy policies and terms of the other website. ABSA 3 Year Prime Linked Term Deposit: 7.75%. Please take note. Our Money Market Fund is a secure short-term investment. The content of the website you are visiting is not controlled by Absa. A money market-linked account that keeps track of changing interest rates to bring you a competitive daily rate with immediate access to your funds. A fixed deposit account with a decent interest rate is one way to go about it, but investors who prefer a more flexible option can consider the NewFunds TRACI ETF.. The requested site will open in a new window. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. View portfolio holdings, investment values and transactions. Whatever your small business credit requirements are, we can offer you a variety of business credit cards at a rate that is suitable to you. Cheque accounts do not offer credit interest as they are designed for day-to-day banking purposes. Absa Head Office: Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, 2000, Terms Of Use | Banking Regulations | Policy Statement | Security Centre | © Copyright. Fund statistics: Absa Bank said interest rates were likely to rise further towards the end of the year following the Reserve Bank 's decision to hike the repo rate by 25 basis-points. We offer you a number of Ways to Bank with choices on price options, so that you manage your transactions efficiently and conveniently. The content of the website you are visiting is not controlled by Absa. Aug, 2019 . Absa offers decent interest rates of between 5.7% and 7.6%, averaging 6.43%. Interest is calculated on the BizStart account for balances over R1 000. 6) FNB The average yield in a fixed deposit account with FNB is 7.08%. Absa Managed Yield Account option: The Absa Managed Yield Account is an investment solution that provides investors with underlying portfolios that invest in cash-plus solutions and similar instruments. We are committed to helping you grow your wealth with our wide range of saving and investing products while offering competitive rates and fees to help in achieving your goals. As an Absa Rewards member, you earn up to 1.15% cash back when you pay with your Absa Cheque, Debit or Credit card. You are about to leave the Absa website. A product that allows you to invest in a variety of funds, 100% exempt from Income and Capital Gains Tax. This fund gives you an attractive alternative to savings and deposit accounts, as it is a short-term, capital-secure investment with minimal volatility. ABSA 2 Year Prime Linked Term Deposit: 7.35%. Register . However, the three-month deposits that underpin the fund are rolled over and adjusted to prevailing interest rates, so the interest rate risk, thus price risk, is small. * You can invest an initial amount of R100 000, or a monthly contribution of R1 000. Aug, 2019. With Investor Plus, your capital is guaranteed, you earn a high interest rate and you have access to your money with 24 hours’ notice. * Target Save bonus interest is applicable to accounts opened before 1 March 2008, *This is the additional interest you receive based on how long you have held the product. Interest rates for individuals Monthly Gross P.A.ˆ: Annual Gross P.A. Search. We use cookies to optimise the user experience. *Applicable to accounts opened on or after 1 March 2008. AER* Investec Fixed Term Deposits (on deposits between £25,000 and £1,000,000) 1 year Fixed Term Deposit: Closed: Closed Grow your investment with a competitive interest rate and have easy access to your money when you need it. Automatic travel insurance when buying international return travel tickets can be topped up with a number of options for additional cover. Interest Rate in South Africa averaged 12.26 percent from 1998 until 2020, reaching an all time high of 23.99 percent in June of 1998 and a record low of 3.50 percent in July of 2020. You are about to leave the Absa website. The rate of 5.70% - 6.90% is 1.12% lower than the average 6.82%. Let one of our consultants help you get the best account for your needs. A money market-linked account that keeps track of changing interest rates to bring you a competitive daily rate with immediate access to your funds. Let it work for you. Totally transparent. Download the 2020 Pricing Brochure Download the 2020 Pricing Brochure Products no longer on sale, Download the 2019 Pricing Brochure Download the 2019 Pricing Brochure Products no longer on sale Download the 2019 Lotto Purchase. *Visit Absa Rewards for terms and conditions and an updated list of all our partners. Account Details APY Updated; ABSA 5 Year Islamic Term Deposit: 7.80%. The content of the website you are visiting is not controlled by Absa. Plus you earn up to 30% cash back on groceries at our participating grocery partners. ABSA offers fixed deposit products including standard fixed deposits, a prime deposit which is linked to the prime interest rate and islamic deposits. Cash Invest Tracker (AIMS) 2019/02/21 Disclaimer: This information is proprietary to Absa Group Limited, is strictly confidential and may only be used for the purpose for which it has been provided. There is no monthly cost for Cellphone and Telephone Banking, only charges for usage. *, Download the 2020 Pricing Brochure Retail Download the 2019 Pricing Brochure Retail, Download the 2020 Pricing Brochure Products no longer on sale Download the 2019 Pricing Brochure Products no longer on sale Download the 2020 Absa Rewards Pricing Brochure Download the 2019 Absa Rewards Pricing Brochure. 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