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Read about the Depositor Plus account

The Absa Depositor Plus Account is tailor-made for savers who want both strong interest and total flexibility. It’s perfect for individuals with a savings goal in mind—whether it’s building an emergency fund, setting money aside for a deposit, or simply earning better returns on idle funds. With tiered interest rates that reward higher balances, no monthly management fees, and full digital access, this account

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Depositor Plus

Last updated: May 28, 2025
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Interest Rate

Earn up to 7.75% with bonus tiered rates.

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Access to funds

Unlimited transfers and instant access.

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Opening Deposit

Minimum opening deposit: R15,000.

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Monthly Fees

No monthly management fee.

Tax Implications

Interest earned on the Absa Depositor Plus Account is subject to South African tax regulations. Here’s what you should know:
– South African residents receive an annual tax exemption on interest earned: R23,800 for individuals under 65 and R34,500 for individuals 65 and older

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Read about the Depositor Plus account

The Absa Depositor Plus Account is tailor-made for savers who want both strong interest and total flexibility. It’s perfect for individuals with a savings goal in mind—whether it’s building an emergency fund, setting money aside for a deposit, or simply earning better returns on idle funds. With tiered interest rates that reward higher balances, no monthly management fees, and full digital access, this account

Read More

What you need to apply

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South African Citizens

  1. Opening deposit of R15,000
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Opening deposit of R15,000
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.

Savings Calculator



Interest Earned: R0.00

Total Savings: R0.00

What you need to apply

badge

South African Citizens

  1. Opening deposit of R15,000
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Opening deposit of R15,000
  2. Valid Passport
  3. Proof of residence
    (not older than three months)
  4. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.