Absa - Fixed Deposit Rates

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 & effective annual rates! This allows you to compare rates across all banks. Yippee!

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

Here are Absa's best interest rates

NominalEffective
1 Absa 60m100k 8.40% 8.73%
2 Absa 60m1k 7.90% 8.19%
3 Absa 48m100k 7.50% 7.76%
4 Absa 36m1m 7.20% 7.44%
5 Absa 36m100k 7.15% 7.39%
P: only individuals older than 55 qualify
length of term. eg. 60m = 60 months
minimum deposit

The best interest rate you can get at Absa is 8.73% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 and be over the age of 18.

1k Deposit rates for Balances from R1k+

👆 back to ToC
TermNominalEffectiveRank*
3 months 4.00% 4.07%#5
6 months 5.40% 5.54%#1
12 months 5.85% 6.01%#5
24 months 6.50% 6.7%#5
36 months 6.65% 6.86%#8
60 months 7.90% 8.19%#7
* - Absa's ranking for a R1k investment

100k Deposit rates for Balances from R100k+

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TermNominalEffectiveRank*
3 months 4.10% 4.18%#5
6 months 5.45% 5.59%#1
12 months 6.35% 6.54%#3
24 months 7.00% 7.23%#5
36 months 7.15% 7.39%#5
60 months 8.40% 8.73%#7
* - Absa's ranking for a R100k investment

1m Deposit rates for Balances from R1m+

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TermNominalEffectiveRank*
3 months 4.15% 4.23%#6
6 months 5.50% 5.64%#1
12 months 6.35% 6.54%#3
24 months 7.00% 7.23%#5
36 months 7.20% 7.44%#5
60 months 8.40% 8.73%#7
* - Absa's ranking for a R1m investment

1kP Deposit rates for Balances from R1k+ for individuals 55 and older

👆 back to ToC
TermNominalEffectiveRank*
3 months 4.00% 4.07%#6
6 months 5.40% 5.54%#1
12 months 6.35% 6.54%#2
24 months 7.00% 7.23%#3
36 months 7.15% 7.39%#4
60 months 8.40% 8.73%#6
* - Absa's ranking for a R1k investment

100kP Deposit rates for Balances from R100k+ for individuals 55 and older

👆 back to ToC
TermNominalEffectiveRank*
3 months 4.10% 4.18%#6
6 months 5.45% 5.59%#1
12 months 6.35% 6.54%#5
24 months 7.00% 7.23%#5
36 months 7.15% 7.39%#5
60 months 8.40% 8.73%#9
* - Absa's ranking for a R100k investment

1mP Deposit rates for Balances from R1m+ for individuals 55 and older

👆 back to ToC
TermNominalEffectiveRank*
3 months 4.15% 4.23%#7
6 months 5.50% 5.64%#1
12 months 6.35% 6.54%#5
24 months 7.00% 7.23%#5
36 months 7.20% 7.44%#5
60 months 8.40% 8.73%#9
* - Absa's ranking for a R1m investment