Read about the FuturePlan Savings account
Saving for your future doesn’t have to be complicated—or boring. With the Absa FuturePlan Savings Account, you get a blend of structure and flexibility that makes saving smarter, easier, and more rewarding. Open your account with just R100, commit to a monthly deposit of R250, and start earning boosted interest, digital bonuses, and even an annual reward. Whether you’re saving for school
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Interest Rate
Earn up to 6.80% with extra digital and loyalty bonuses.
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Access to funds
Four withdrawals per year with 32 days’ notice.
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Opening Deposit
Start with just R100.
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Monthly Fees
No monthly management fee.
Tax Implications
Interest earned from the FuturePlan Savings Account is subject to income tax, as per SARS regulations. However, South African individuals may benefit from annual tax exemptions on interest income—currently R23,800 for individuals under 65, and R34,500 for those 65 and older (as of the latest tax year).
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Read about the FuturePlan Savings account
Saving for your future doesn’t have to be complicated—or boring. With the Absa FuturePlan Savings Account, you get a blend of structure and flexibility that makes saving smarter, easier, and more rewarding. Open your account with just R100, commit to a monthly deposit of R250, and start earning boosted interest, digital bonuses, and even an annual reward. Whether you’re saving for school
Read More
What you need to apply
- Opening deposit of R100
- Your South African ID
- Proof of residence
(not older than three months)
- Opening deposit of R100
- 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.
