Absa Tax Free Savings Account Review for March 2026
Introduction
The Absa Tax Free Savings Account is a savings account offered by Absa. Unlike notice or fixed deposits, savings accounts allow quick and easy access to your money.
This page summarises interest rates offered by Absa Tax Free Savings Account and compares them to South Africa's savings account industry average. So you can get a good idea how the interest rates offered by Absa Tax Free Savings Account compare to other banks.
Tax-free savings account with digital bonus rates and tax-free proceeds within SARS limits.
Absa Tax Free Savings Account highlights
last updated 1st March 2026 by Walter
- The Absa Cash Invest Tracker offers interest rates 7.25% and accepts investments from R100,000
Absa Tax Free Savings Account
This table shows Absa Tax Free Savings Account's interest rates for a R10,000, R20,000, R100,000, R1,000,000 and R5,000,000 investment in Absa Tax Free Savings Account versus the industry average.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 | 6.75% #3 out of 24 | 4.83% | + R 192 |
| R20,000 | 6.75% #3 out of 25 | 4.88% | + R 375 |
| R100,000 | 6.80% #4 out of 31 | 5.50% | + R 1,298 |
| R1,000,000 | 7.40% #1 out of 28 | 5.45% | + R 19,464 |
| R5,000,000 | 7.40% #1 out of 28 | 5.49% | + R 95,268 |
- 1 industry average refers to the average interest rate across all other savings accounts for the given investment amount
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average savings account in South africa will give you more than Absa Tax Free Savings Account.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R10,000 for 0+ | 6.75% | 4.83% | + 192 |
| R20,000 for 0+ | 6.75% | 4.88% | + 375 |
| R100,000 for 0+ | 6.80% | 5.50% | + 1,298 |
| R1,000,000 for 0+ | 7.40% | 5.45% | + 19,464 |
| R5,000,000 for 0+ | 7.40% | 5.49% | + 95,268 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average savings account in South africa will give you more than Absa Tax Free Savings Account.
You get a 7.4% interest rate at Absa Tax Free Savings Account for a R5,000,000 investment. The industry average for a savings account with a balance of R5,000,000 is 5.49%. Over one year you will earn R95,268 more in interest at Absa Tax Free Savings Account compared to the average savings account.
Here are other similar savings accounts in South Africa which require a minimum deposit between R1 - R100,000
| Account | Min Deposit | Rate |
|---|---|---|
| Absa Cash Invest Tracker | R100,000 | 7.25% |
| Discovery Tax-Free Demand Savings Account | R1 | 6.50% |
| FNB Money Maximiser | R100,000 | 7.00% |
| FNB Tax-free Savings | R300 | 6.95% |
| Investec PrimeSaver Account | R100,000 | 6.55% |
| Nedbank Platinum Invest | R1 | 6.75% |
| Nedbank Tax-free Savings Account | R1 | 6.75% |
| Nedbank MoneyTrader | R50,000 | 6.70% |
| Standard Bank Tax-Free Call | R250 | 6.53% |
| Standard Bank MoneyMarket Select | R100,000 | 7.05% |
| TymeBank GoalSave Bonus Rate (10-Day Notice) | R1 | 10.00% |