Read about the Fixed Deposit account
If you’re someone who prefers low-risk, predictable returns, the Absa Fixed Deposit Account might be your perfect match. You choose the term, from as little as 8 days to as long as 5 years, and lock in your interest rate for the whole period. That means no surprises, no fluctuations—just consistent growth.
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Interest Rate
Fixed interest rates with optional bonus and senior rates.
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Access to funds
Funds are locked for the selected term (8 days to 5 years).
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Opening Deposit
Minimum deposit: R1,000.
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Monthly Fees
No monthly management fee.
Tax Implications
Interest earned on fixed deposits is subject to income tax in South Africa. However, individuals qualify for annual tax exemptions:
• R23,800 per year for individuals under 65
• R34,500 per year for individuals 65 and older
Read More
Read about the Fixed Deposit account
If you’re someone who prefers low-risk, predictable returns, the Absa Fixed Deposit Account might be your perfect match. You choose the term, from as little as 8 days to as long as 5 years, and lock in your interest rate for the whole period. That means no surprises, no fluctuations—just consistent growth.
Read More
What you need to apply
- Opening deposit of R1,000
- Your South African ID
- Proof of residence
(not older than three months)
- Opening deposit of R1,000
- Valid Passport
- Proof of residence
(not older than three months)
- Work/Resident permit
You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.
