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Read about the Dynamic Fixed Deposit account

The Absa Dynamic Fixed Deposit is the perfect hybrid between flexibility and high earnings. You can lock in your money and earn strong returns while still keeping a portion accessible. Tailor your term and access percentage to match your goals, whether you’re saving for retirement, a big purchase, or simply growing your money smarter. Best of all, there are no monthly admin fees,

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Dynamic Fixed Deposit

Last updated: May 28, 2025
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Interest Rate

Up to 10.70% depending on term, balance, and access level.

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Access to funds

Choose access of up to 50% of your capital. Early withdrawals incur a fee.

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Opening Deposit

Minimum deposit: R1,000.

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Monthly Fees

No monthly management fees.

Tax Implications

• Interest earned on the Absa Dynamic Fixed Deposit is taxable.
• South African residents benefit from an annual interest exemption:
– R23,800 for individuals under 65
– R34,500 for individuals 65 and older

Read More

Read about the Dynamic Fixed Deposit account

The Absa Dynamic Fixed Deposit is the perfect hybrid between flexibility and high earnings. You can lock in your money and earn strong returns while still keeping a portion accessible. Tailor your term and access percentage to match your goals, whether you’re saving for retirement, a big purchase, or simply growing your money smarter. Best of all, there are no monthly admin fees,

Read More

What you need to apply

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South African Citizens

  1. Opening deposit of R1,000
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
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Non-South African Citizens

  1. Opening deposit of R1,000
  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 R1,000
  2. Your South African ID
  3. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Opening deposit of R1,000
  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.