Absa Fixed Deposit Review for March 2025

Last updated 2nd March 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 2nd March 2025 by Walter

R1,000
min deposit
8.50%
best rate

Here are Absa's best fixed deposit rates

The best interest rate you can get at Absa is 8.5% 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
1 R1,000 P60 months 8.50%
2 R1,000 60 months 8.45%
3 R1,000 P36 months 8.30%
4 R1,000 36 months 8.10%
5 R1,000 48 months 8.05%
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% 7.39%
-
-2
R10,000 for 18+7.30% 7.39%
-
-2
R10,000 for 55+7.45% 7.37%
+
2
R10,000 for 55+7.45% 7.37%
+
2
R100,000 for 18+7.30% 7.46%
-
-39
R100,000 for 18+7.30% 7.46%
-
-39
R100,000 for 55+7.45% 7.44%
+
3
R100,000 for 55+7.45% 7.44%
+
3
R250,000 for 18+7.30% 7.45%
-
-97
R250,000 for 18+7.30% 7.45%
-
-97
R250,000 for 55+7.45% 7.49%
-
-23
R250,000 for 55+7.45% 7.49%
-
-23
R1,000,000 for 18+7.30% 7.53%
-
-582
R1,000,000 for 18+7.30% 7.53%
-
-582
R1,000,000 for 55+7.45% 7.56%
-
-279
R1,000,000 for 55+7.45% 7.56%
-
-279
R5,000,000 for 18+7.30% 7.55%
-
-3,113
R5,000,000 for 18+7.30% 7.55%
-
-3,113
R5,000,000 for 55+7.45% 7.54%
-
-1,130
R5,000,000 for 55+7.45% 7.54%
-
-1,130
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 7.39%. Over 3 months you will earn R2 less 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+7.85% 7.69%
+
8
R10,000 for 18+7.85% 7.69%
+
8
R10,000 for 55+7.90% 7.64%
+
13
R10,000 for 55+7.90% 7.64%
+
13
R100,000 for 18+7.85% 7.79%
+
33
R100,000 for 18+7.85% 7.79%
+
33
R100,000 for 55+7.90% 7.72%
+
94
R100,000 for 55+7.90% 7.72%
+
94
R250,000 for 18+7.85% 7.82%
+
46
R250,000 for 18+7.85% 7.82%
+
46
R250,000 for 55+7.90% 7.76%
+
178
R250,000 for 55+7.90% 7.76%
+
178
R1,000,000 for 18+7.85% 7.86%
-
-55
R1,000,000 for 18+7.85% 7.86%
-
-55
R1,000,000 for 55+7.90% 7.84%
+
321
R1,000,000 for 55+7.90% 7.84%
+
321
R5,000,000 for 18+7.85% 7.86%
-
-164
R5,000,000 for 18+7.85% 7.86%
-
-164
R5,000,000 for 55+7.90% 7.83%
+
1,798
R5,000,000 for 55+7.90% 7.83%
+
1,798
How to read this table?

You get a 7.85% 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 7.69%. Over 6 months you will earn R8 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+7.90% 8.10%
-
-22
R10,000 for 18+7.90% 8.10%
-
-22
R10,000 for 55+7.95% 8.10%
-
-15
R10,000 for 55+7.95% 8.10%
-
-15
R100,000 for 18+7.90% 8.18%
-
-305
R100,000 for 18+7.90% 8.18%
-
-305
R100,000 for 55+7.95% 8.16%
-
-219
R100,000 for 55+7.95% 8.16%
-
-219
R250,000 for 18+7.90% 8.21%
-
-843
R250,000 for 18+7.90% 8.21%
-
-843
R250,000 for 55+7.95% 8.21%
-
-686
R250,000 for 55+7.95% 8.21%
-
-686
R1,000,000 for 18+7.90% 8.26%
-
-3,873
R1,000,000 for 18+7.90% 8.26%
-
-3,873
R1,000,000 for 55+7.95% 8.28%
-
-3,521
R1,000,000 for 55+7.95% 8.28%
-
-3,521
R5,000,000 for 18+7.90% 8.26%
-
-19,722
R5,000,000 for 18+7.90% 8.26%
-
-19,722
R5,000,000 for 55+7.95% 8.28%
-
-17,667
R5,000,000 for 55+7.95% 8.28%
-
-17,667
How to read this table?

You get a 7.9% 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 8.10%. Over 12 months you will earn R22 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+7.85% 8.16%
-
-67
R10,000 for 18+7.85% 8.16%
-
-67
R10,000 for 55+7.90% 8.10%
-
-45
R10,000 for 55+7.90% 8.10%
-
-45
R100,000 for 18+7.85% 8.20%
-
-788
R100,000 for 18+7.85% 8.20%
-
-788
R100,000 for 55+7.90% 8.14%
-
-534
R100,000 for 55+7.90% 8.14%
-
-534
R250,000 for 18+7.85% 8.24%
-
-2,201
R250,000 for 18+7.85% 8.24%
-
-2,201
R250,000 for 55+7.90% 8.19%
-
-1,645
R250,000 for 55+7.90% 8.19%
-
-1,645
R1,000,000 for 18+7.85% 8.28%
-
-9,672
R1,000,000 for 18+7.85% 8.28%
-
-9,672
R1,000,000 for 55+7.90% 8.26%
-
-8,266
R1,000,000 for 55+7.90% 8.26%
-
-8,266
R5,000,000 for 18+7.85% 8.30%
-
-50,922
R5,000,000 for 18+7.85% 8.30%
-
-50,922
R5,000,000 for 55+7.90% 8.22%
-
-37,627
R5,000,000 for 55+7.90% 8.22%
-
-37,627
How to read this table?

You get a 7.85% 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 8.16%. Over 2 years you will earn R67 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+8.10% 8.33%
-
-79
R10,000 for 18+8.10% 8.33%
-
-79
R10,000 for 55+8.30% 8.23%
+
31
R10,000 for 55+8.30% 8.23%
+
31
R100,000 for 18+8.10% 8.38%
-
-1,014
R100,000 for 18+8.10% 8.38%
-
-1,014
R100,000 for 55+8.30% 8.26%
+
204
R100,000 for 55+8.30% 8.26%
+
204
R250,000 for 18+8.10% 8.43%
-
-3,005
R250,000 for 18+8.10% 8.43%
-
-3,005
R250,000 for 55+8.30% 8.32%
-
-84
R250,000 for 55+8.30% 8.32%
-
-84
R1,000,000 for 18+8.10% 8.48%
-
-13,742
R1,000,000 for 18+8.10% 8.48%
-
-13,742
R1,000,000 for 55+8.30% 8.40%
-
-3,506
R1,000,000 for 55+8.30% 8.40%
-
-3,506
R5,000,000 for 18+8.10% 8.51%
-
-74,870
R5,000,000 for 18+8.10% 8.51%
-
-74,870
R5,000,000 for 55+8.30% 8.34%
-
-7,822
R5,000,000 for 55+8.30% 8.34%
-
-7,822
How to read this table?

You get a 8.1% 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 8.33%. Over 3 years you will earn R79 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+8.45% 8.95%
-
-374
R10,000 for 18+8.45% 8.95%
-
-374
R10,000 for 55+8.50% 8.87%
-
-276
R10,000 for 55+8.50% 8.87%
-
-276
R100,000 for 18+8.45% 8.99%
-
-4,054
R100,000 for 18+8.45% 8.99%
-
-4,054
R100,000 for 55+8.50% 8.90%
-
-2,969
R100,000 for 55+8.50% 8.90%
-
-2,969
R250,000 for 18+8.45% 9.03%
-
-10,919
R250,000 for 18+8.45% 9.03%
-
-10,919
R250,000 for 55+8.50% 8.95%
-
-8,376
R250,000 for 55+8.50% 8.95%
-
-8,376
R1,000,000 for 18+8.45% 9.07%
-
-46,415
R1,000,000 for 18+8.45% 9.07%
-
-46,415
R1,000,000 for 55+8.50% 9.02%
-
-39,181
R1,000,000 for 55+8.50% 9.02%
-
-39,181
R5,000,000 for 18+8.45% 9.10%
-
-240,996
R5,000,000 for 18+8.45% 9.10%
-
-240,996
R5,000,000 for 55+8.50% 8.92%
-
-162,702
R5,000,000 for 55+8.50% 8.92%
-
-162,702
How to read this table?

You get a 8.45% 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 8.95%. Over 5 years you will earn R374 less in interest at Absa compared to the average bank.