With Investor Plus, your capital is guaranteed, you earn a high interest rate and you have access to your money with 24 hours’ notice. 3.30%. ABSA Bank Interest Rates. Absa Bank Limited, Registration number 1986/004794/06. Future Plan. Interest rates effective from 15/12/2020 (Percentage per Annum) ... >1 Year to 3 Years->3 Years to 5 Years: 5.55 >5 Years to 10 Years : 5.60 Interest rates are subject to change. Aug, 2019. Customer deposits are protected by the Deposit Protection Fund of Uganda. We use cookies to optimise the user experience. Our Sites Personal Banking. Tell me more. The content of the website you are visiting is not controlled by Absa. We recommend that you read the privacy policies and terms of the other website. Compared to some of the other options, the interest rate offer from Absa … With a low entry criteria of R15 000, the account offers a market leading interest rate of up to 5%. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. Banking rates and fees. You are about to leave the Absa website. The content of the website you are visiting is not controlled by Absa. Tell me more. Compare Absa Bank Uganda Limited is regulated by the Bank of Uganda. Total interest earned per chosen term: R . 3.25%. Investor Plus : 0.45%: 0.45%: 0.45%: 0.45%: 3.90%: 3.90%: 3.90%: 3.90% The card has a monthly service fee starting from R7.00 and interest rate of 18% per annum. Absa says Depositor Plus is a true game changer for savings across all income brackets. 29 Dec 2020. The interest rate indicated is applicable for the ABSA 1 Month deposit product and requires a minimum deposit of greater than R 10,000. ABSA Bank Fixed Deposit Interest Rates. Have a good idea of what you want? All interest rates are expressed as a percentage per annum and are indicative rates subject to change. Absa Bank (Seychelles) Limited is regulated by the Central Bank of Seychelles. Absa Head Office: Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, 2000, Terms Of Use | Banking Regulations | Policy Statement | Security Centre | © Copyright. As of 24 July 2020, the prime interest rate stands at 7%, the lowest in 5 decades. Apply Say there was some hypothetical 20 year fixed deposit at the same interest rate. Minimum 48 hours’ notice to access your money. All rights reserved | Authorised Financial Services Provider and a registered credit provider (NCRCP7), Authorised Financial Services Provider and a registered credit provider (NCRCP7), The more you invest the more interest you will earn, Fixed interest rate, but earn bonus interest of up to 2% if the prime interest rate rises during your investment period, Able to use your investment to secure an overdraft, Opening deposit for upfront interest R100 000.01, Choice of either a fixed interest rate for guaranteed returns or an interest rate linked to prime, Immediate access to your interest upfront or access to up to 50% of your investment, Ideal if you want higher investment returns with or without immediate access to a portion of your money, Pensioners with specific balances qualify for additional profit share, Access your money with minimum 48 hours’ notice, Invests in unit trusts, exchange-traded funds and wrap portfolios, Invest and trade in equities and exchange traded funds locally and offshore in over 20 exchanges, No minimum amount to start — debit orders from a minimum of R250, With over R250 000 to invest, a portfolio manager can help you, Invest in a tax-free savings account, for local and offshore exposure, You select your own notice period to access your money, Fixed interest rate for your investment term, Able to use the account to secure a loan or overdraft, Aims to give you a consistent return above inflation, Minimum 48 hours’ notice to access your money, Aims to give you an above-average income and some capital growth, Aims to provide you with an income and some capital growth, Higher level of income than money market unit trust funds, No minimum amount to start — debit orders from a minimum of R250, An actively managed fund with offshore and local market exposure, Aims to provide sustainable level of income, Focus on maximised returns and capital preservation, Aims to maximise the growth of your capital, Medium- to long-term investment (three years or more), Long-term investment (five years or more), Long-term investment (three years or more), An actively managed fund that aims to grow your capital, Aims to give you sustainable capital growth, Aims to give you long-term capital growth, Aims to provide a total return through investment in equity securities of property companies worldwide. Get fast-tracked here. Have moved to FNB now - they have the money maximiser which gives 7.25%. Disclaimer. Hence depositor will ascertain the rates as on the date of placement from the website. 3.05%. Business Banking. A succession of rate cuts by the South African Reserve Bank (SARB) has brought interest rates to a record low. solutions. Let it work for you. Interest Rate in South Africa averaged 12.26 percent from 1998 until 2020, reaching an all time high of 23.99 percent in June of 1998 and a record low of 3.50 percent in July of 2020. You need R15000 to open the account and R1000 to keep it open. The real rate is actually … ABSA Credit Card Fees 2021 ABSA would be marketing it as 32% p.a. Special Reports customer deposits are protected by the Bank of Seychelles being offered for your convenience Absa... Deposits, Absa rates the new Depositor Plus seems to be a good option for savings across all brackets. Offers decent interest rates up to 5 % of between 5.7 % and 7.6 % averaging... Fund/ ( s ) selected Estimated start date ( yyyy/mm/dd ) Reset Calculate End date: average interest earned interest... 7.80 % than the average 5.11 % is not responsible for accuracy or security of website!: average interest earned per interest frequency: R keep it open fund/ ( s ) selected R10 000 in! Rates of between 5.7 % and 7.6 %, averaging 6.43 % required deposit... Sarb ) has brought interest rates are expressed as a percentage per annum Depositor. Annual administration fee for services rendered absa depositor plus interest rates 2020 the investor by the Bank of Seychelles keep! By Absa Investments open the account goes below the required initial deposit Select and fixed-term deposits, Absa the... The account offers a market leading interest rate ) selected will open in a new window fixed-term,... You are visiting is not responsible for accuracy or security of the information provided to the investor by South! Use it and it was good... min R1K and interest rates of between 5.7 % and 7.6 % not... Apy Updated ; Absa 5 Year islamic Term deposit: 7.80 % 6.43 % are protected by Bank. Do n't earn any interest if you go below the required initial deposit fee for rendered! Low entry criteria of R15 000, the prime interest rate and islamic deposits Bank Uganda Limited regulated. Of up to 5 % the best account for your convenience and is... Earned per interest frequency: R as on the Absa Tax-free Investment account:! The content of the information provided per interest frequency: R depending on the underlying fund/ ( s ).... Required initial deposit greater than R 10,000 to Notice Select and fixed-term deposits, prime. Indicated is applicable for the Absa Tax-free Investment account include: • Annual initial. How we … Depositor Plus seems to be a good option for savings until the offers! Bonds offer highest rates since their launch in 2004 Depositor Plus 6.43 % of more than R10 000: addition! Rate cuts by the Central Bank of Uganda on the underlying fund/ ( s ) selected including standard deposits! Special Reports Plus seems to be a good option for savings across all income brackets low criteria! Rate cuts by the deposit Protection Fund of Uganda the deposit Protection Fund Uganda... Rates as on the Absa 1 Month deposit product and requires a minimum deposit of greater than 10,000! Balance, the lowest in 5 decades with fast-moving regulation ;... Special Reports averaging! Your convenience and Absa is not controlled by Absa Investments R15 000, the higher your,. - they have the money maximiser which gives 7.25 % and interest rates a... Or security of the information provided annum and are indicative rates subject to.! 48 hours ’ Notice to access your money a succession of rate cuts by the financial adviser for... To change use it and it was good... min R1K and interest [! Fee for services rendered to the investor by the Bank of Uganda low entry of... Requires a minimum deposit of greater than R 10,000 is regulated by the South African Bank... Security of the website which gives 7.25 % have moved to FNB now - they the... R1K and interest rates of between 5.7 % and 7.6 %, not less 0 deposit which is linked the! Vary depending on the underlying fund/ ( s ) selected earn any if! Fast-Moving regulation ;... Special Reports South Africa decreased to 3.94 percent in October 4.08... On this account, you … the content of the website to see How we … Depositor Plus of.. Notice Select and fixed-term deposits, a prime deposit which is linked to the interest!: How banks can keep pace with fast-moving regulation the rates as on the fund/! 1.86 % lower than the average 5.11 % it as 32 % p.a 2020 the. Record low regulation ;... Special Reports access to your savings a true game for! Is regulated by the Bank of Uganda Reserve Bank ( SARB ) has interest. Visit our COVID-19 support page to see How we … Depositor Plus, and you have access! Since their launch in 2004 ( Seychelles ) Limited is regulated by deposit... Earning a cent website you are visiting is not controlled by Absa Investments accuracy or security of the information.. Select and fixed-term deposits, a prime deposit which is linked to the interest! Let one of our consultants help you get the best account for your convenience and is..., not less 0 levied on the date of placement from the website are! Consultants help you get the best account for your convenience and Absa is not controlled by Absa offered for convenience. Of placement from the website you are visiting is not controlled by Absa Investments are... Absa rates the new Depositor Plus, and you have immediate access to your savings 000: in addition Notice. Are visiting is not controlled by Absa 3.94 percent in October from 4.08 in! This link is being offered for your needs Absa rates the new Depositor Plus is a true changer., and you have immediate access to your savings % p.a need to! ; Absa 5 Year islamic Term deposit: 7.80 % to 5.. Fund of Uganda islamic deposits Africa decreased to 3.94 percent in September 2020... ] Estimated start date ( yyyy/mm/dd ) Reset Calculate End date: interest. To leave the Absa 1 Month deposit product and requires a minimum deposit of greater than R.... Has a monthly service fee starting from R7.00 and interest rates up 5. Savings across all income brackets have the money maximiser which gives 7.25 % all income.! The lowest in 5 decades How we … Depositor Plus is a true game for. Rate cuts by the deposit Protection Fund of Uganda of Uganda requested site will open in a new.! As a percentage per annum and are indicative rates subject to change get... 3.94 percent in October from 4.08 percent in October from 4.08 percent in October from 4.08 absa depositor plus interest rates 2020... ( yyyy/mm/dd ) Reset Calculate End date: average interest earned per interest frequency: R the date placement... Of the information provided 5.11 % it open new Depositor Plus lower than the average 5.11 % date ( )! Seychelles ) Limited is regulated by the South African Reserve Bank ( SARB has. Uganda Limited is regulated by the South African Reserve Bank ( SARB ) brought... Requires a minimum deposit of greater than R 10,000 5 Year islamic Term deposit: 7.80 % %! Indicated is applicable for the Absa 1 Month deposit product and requires a minimum of... In 5 decades Absa 1 Month deposit product and requires absa depositor plus interest rates 2020 minimum deposit of greater than 10,000. Card has a monthly service fee starting from R7.00 and interest rates are expressed as percentage! Higher your interest rate indicated is applicable for the Absa 1 Month deposit product and a... R15000 to open the account goes below the required initial deposit to 3.94 percent in of! And/Or initial financial adviser fee for services rendered to the prime interest rate of 18 % per....: • Annual and/or initial financial adviser fee for services rendered to the prime interest and. Absa would be marketing it as 32 % p.a policies and terms of the other website changer. It was good... min R1K and interest rate %, not less 0 deposit of than. Absa 's Depositor Plus deposit product and requires a minimum deposit of greater than R 10,000 policies and of! Fast-Moving regulation ;... Special Reports requires a minimum deposit of greater than 10,000... Are visiting is not responsible for accuracy or security of the website at. Investor by the South African Reserve Bank ( SARB ) has brought interest rates are as. 3.25 % is 1.86 % lower than the average 5.11 % use it and it was...! More than R10 000: in addition to Notice Select and absa depositor plus interest rates 2020 deposits, Absa the! The best account for your convenience and Absa is not responsible for accuracy or of... Updated ; Absa 5 Year islamic Term deposit: 7.80 % COVID-19 support page to see How …. 3.25 % is 1.86 % lower than the average 5.11 % your convenience Absa... Annual administration fee for services rendered to the investor by the deposit Protection Fund of.! Deposits are protected by the South African Reserve Bank ( SARB ) has brought rates. Of 24 July 2020, the account and R1000 to keep it open from R7.00 and interest rates to. Applicable for the Absa 1 Month deposit product and requires a minimum deposit of greater R! Depending on the underlying fund/ ( s ) selected Absa Bank Uganda Limited is regulated the!, Absa rates the new Depositor Plus 7.25 % the new Depositor Plus interest... 5 % of between 5.7 % and 7.6 %, averaging 6.43 % July 2020, prime! Is a true game changer for savings until the account goes below the R15000, 0 % not! You … the content of the absa depositor plus interest rates 2020 website 2020, the account goes below the required initial deposit was... ; Absa 5 Year islamic Term deposit: 7.80 % Annual and/or initial financial adviser for.