Read about the Investment Club account
Looking to grow your money as a group? The Absa Investment Club Account is a perfect way to turn shared goals into financial growth. Whether you’re part of a stokvel, a family collective, or a group of friends with a savings vision, this account helps you pool your money and earn excellent interest. The more you save, the more you earn—tiered rates
Read More
trending_up
Interest Rate
Earn up to 7.05% Interest
bolt
Access to funds
Pay out members anywhere, anytime
calendar_today
Opening Deposit
Opening deposit of R100
monetization_on
Monthly Fees
No monthly management fee.
Tax Implications
Interest earned in this account is subject to tax. Individuals benefit from the annual interest exemption—R23,800 for those under 65 and R34,500 for those 65 and older (as per SARS thresholds). If your earned interest exceeds these thresholds, it must be declared in your tax return.
Read More
Read about the Investment Club account
Looking to grow your money as a group? The Absa Investment Club Account is a perfect way to turn shared goals into financial growth. Whether you’re part of a stokvel, a family collective, or a group of friends with a savings vision, this account helps you pool your money and earn excellent interest. The more you save, the more you earn—tiered rates
Read More
What you need to apply
- Opening deposit of R100
- Two or more members required with: The IDs of elected group members who will act as signatories
- Proof of residence for elected group members
(not older than three months)
You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.
