Absa Fixed Deposit Review for July 2025

Last updated 1st July 2025 by Walter

Introduction

This page summarises all the fixed deposits offered by Absa. All the rates shown are sourced from the Absa website - absa.co.za. All rates shown on this page have been converted to nominal and effective annual rates! This allows you to compare rates across all banks. Yippee!

The Absa fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

Absa fixed deposits highlights

last updated 1st July 2025 by Walter

R1,000
min deposit
8.30%
best rate

Here are Absa's best fixed deposit rates

The best interest rate you can get at Absa is 8.3% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 55.

Here are Absa's five best fixed deposit interest rates:

# Min deposit Term Nominal
P
only individuals older than 55 qualify

Absa 3 month fixed deposit

This table shows Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.30% 7.14%
+
4
R10,000 for 18+7.30% 7.14%
+
4
R10,000 for 55+7.45% 7.15%
+
8
R10,000 for 55+7.45% 7.15%
+
8
R100,000 for 18+7.30% 7.23%
+
17
R100,000 for 18+7.30% 7.23%
+
17
R100,000 for 55+7.45% 7.24%
+
53
R100,000 for 55+7.45% 7.24%
+
53
R250,000 for 18+7.30% 7.24%
+
35
R250,000 for 18+7.30% 7.24%
+
35
R250,000 for 55+7.45% 7.31%
+
91
R250,000 for 55+7.45% 7.31%
+
91
R1,000,000 for 18+7.30% 7.34%
-
-98
R1,000,000 for 18+7.30% 7.34%
-
-98
R1,000,000 for 55+7.45% 7.40%
+
135
R1,000,000 for 55+7.45% 7.40%
+
135
R5,000,000 for 18+7.30% 7.35%
-
-691
R5,000,000 for 18+7.30% 7.35%
-
-691
R5,000,000 for 55+7.45% 7.37%
+
974
R5,000,000 for 55+7.45% 7.37%
+
974
How to read this table?

You get a 7.3% interest rate at Absa for a R10,000 investment in a 3 month fixed deposit (if you are older than 18). The industry average is 7.14%. Over 3 months you will earn R4 more in interest at Absa compared to the average bank.

Absa 6 month fixed deposit

This table shows Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.65% 7.41%
+
12
R10,000 for 18+7.65% 7.41%
+
12
R10,000 for 55+7.70% 7.39%
+
16
R10,000 for 55+7.70% 7.39%
+
16
R100,000 for 18+7.65% 7.46%
+
97
R100,000 for 18+7.65% 7.46%
+
97
R100,000 for 55+7.70% 7.48%
+
117
R100,000 for 55+7.70% 7.48%
+
117
R250,000 for 18+7.65% 7.44%
+
261
R250,000 for 18+7.65% 7.44%
+
261
R250,000 for 55+7.70% 7.53%
+
225
R250,000 for 55+7.70% 7.53%
+
225
R1,000,000 for 18+7.65% 7.51%
+
694
R1,000,000 for 18+7.65% 7.51%
+
694
R1,000,000 for 55+7.70% 7.60%
+
520
R1,000,000 for 55+7.70% 7.60%
+
520
R5,000,000 for 18+7.65% 7.54%
+
2,727
R5,000,000 for 18+7.65% 7.54%
+
2,727
R5,000,000 for 55+7.70% 7.59%
+
3,034
R5,000,000 for 55+7.70% 7.59%
+
3,034
How to read this table?

You get a 7.65% interest rate at Absa for a R10,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 7.41%. Over 6 months you will earn R12 more in interest at Absa compared to the average bank.

Absa 1 year fixed deposit

This table shows Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.55% 7.70%
-
-16
R10,000 for 18+7.55% 7.70%
-
-16
R10,000 for 55+7.60% 7.73%
-
-14
R10,000 for 55+7.60% 7.73%
-
-14
R100,000 for 18+7.55% 7.82%
-
-283
R100,000 for 18+7.55% 7.82%
-
-283
R100,000 for 55+7.60% 7.85%
-
-263
R100,000 for 55+7.60% 7.85%
-
-263
R250,000 for 18+7.55% 7.83%
-
-744
R250,000 for 18+7.55% 7.83%
-
-744
R250,000 for 55+7.60% 7.92%
-
-866
R250,000 for 55+7.60% 7.92%
-
-866
R1,000,000 for 18+7.55% 7.88%
-
-3,538
R1,000,000 for 18+7.55% 7.88%
-
-3,538
R1,000,000 for 55+7.60% 8.00%
-
-4,300
R1,000,000 for 55+7.60% 8.00%
-
-4,300
R5,000,000 for 18+7.55% 7.94%
-
-20,700
R5,000,000 for 18+7.55% 7.94%
-
-20,700
R5,000,000 for 55+7.60% 8.01%
-
-22,042
R5,000,000 for 55+7.60% 8.01%
-
-22,042
How to read this table?

You get a 7.55% interest rate at Absa for a R10,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 7.70%. Over 12 months you will earn R16 less in interest at Absa compared to the average bank.

Absa 2 year fixed deposit

This table shows Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.55% 7.72%
-
-35
R10,000 for 18+7.55% 7.72%
-
-35
R10,000 for 55+7.60% 7.73%
-
-28
R10,000 for 55+7.60% 7.73%
-
-28
R100,000 for 18+7.55% 7.85%
-
-650
R100,000 for 18+7.55% 7.85%
-
-650
R100,000 for 55+7.60% 7.81%
-
-471
R100,000 for 55+7.60% 7.81%
-
-471
R250,000 for 18+7.55% 7.91%
-
-1,965
R250,000 for 18+7.55% 7.91%
-
-1,965
R250,000 for 55+7.60% 7.88%
-
-1,570
R250,000 for 55+7.60% 7.88%
-
-1,570
R1,000,000 for 18+7.55% 7.96%
-
-9,049
R1,000,000 for 18+7.55% 7.96%
-
-9,049
R1,000,000 for 55+7.60% 7.97%
-
-8,258
R1,000,000 for 55+7.60% 7.97%
-
-8,258
R5,000,000 for 18+7.55% 7.99%
-
-48,353
R5,000,000 for 18+7.55% 7.99%
-
-48,353
R5,000,000 for 55+7.60% 7.94%
-
-39,748
R5,000,000 for 55+7.60% 7.94%
-
-39,748
How to read this table?

You get a 7.55% interest rate at Absa for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 7.72%. Over 2 years you will earn R35 less in interest at Absa compared to the average bank.

Absa 3 year fixed deposit

This table shows Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+7.75% 7.84%
-
-26
R10,000 for 18+7.75% 7.84%
-
-26
R10,000 for 55+7.95% 7.83%
+
53
R10,000 for 55+7.95% 7.83%
+
53
R100,000 for 18+7.75% 8.01%
-
-935
R100,000 for 18+7.75% 8.01%
-
-935
R100,000 for 55+7.95% 7.93%
+
117
R100,000 for 55+7.95% 7.93%
+
117
R250,000 for 18+7.75% 8.08%
-
-2,954
R250,000 for 18+7.75% 8.08%
-
-2,954
R250,000 for 55+7.95% 8.01%
-
-411
R250,000 for 55+7.95% 8.01%
-
-411
R1,000,000 for 18+7.75% 8.12%
-
-13,292
R1,000,000 for 18+7.75% 8.12%
-
-13,292
R1,000,000 for 55+7.95% 8.09%
-
-4,650
R1,000,000 for 55+7.95% 8.09%
-
-4,650
R5,000,000 for 18+7.75% 8.15%
-
-72,361
R5,000,000 for 18+7.75% 8.15%
-
-72,361
R5,000,000 for 55+7.95% 8.04%
-
-17,627
R5,000,000 for 55+7.95% 8.04%
-
-17,627
How to read this table?

You get a 7.75% interest rate at Absa for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 7.84%. Over 3 years you will earn R26 less in interest at Absa compared to the average bank.

Absa 5 year fixed deposit

This table shows Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.25% 8.55%
-
-214
R10,000 for 18+8.25% 8.55%
-
-214
R10,000 for 55+8.30% 8.50%
-
-147
R10,000 for 55+8.30% 8.50%
-
-147
R100,000 for 18+8.25% 8.65%
-
-2,992
R100,000 for 18+8.25% 8.65%
-
-2,992
R100,000 for 55+8.30% 8.58%
-
-2,079
R100,000 for 55+8.30% 8.58%
-
-2,079
R250,000 for 18+8.25% 8.72%
-
-8,639
R250,000 for 18+8.25% 8.72%
-
-8,639
R250,000 for 55+8.30% 8.65%
-
-6,457
R250,000 for 55+8.30% 8.65%
-
-6,457
R1,000,000 for 18+8.25% 8.79%
-
-40,015
R1,000,000 for 18+8.25% 8.79%
-
-40,015
R1,000,000 for 55+8.30% 8.75%
-
-33,610
R1,000,000 for 55+8.30% 8.75%
-
-33,610
R5,000,000 for 18+8.25% 8.80%
-
-204,166
R5,000,000 for 18+8.25% 8.80%
-
-204,166
R5,000,000 for 55+8.30% 8.64%
-
-130,873
R5,000,000 for 55+8.30% 8.64%
-
-130,873
How to read this table?

You get a 8.25% interest rate at Absa for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 8.55%. Over 5 years you will earn R214 less in interest at Absa compared to the average bank.