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Tax-Free Savings
Interest rates Apply now
Tax-Free Savings
Get smart, simple, tax-free growth on your savings.
Interest rates Apply now
  1. Save or invest /
  2. All products /

More about Tax-Free Savings 

Benefits

What you need to know

What you need to apply

Where to apply

  • Benefits

    • Earn interest tax-free
    • Earn an additional Digital Bonus Rate if you apply and maintain your account using your Absa Banking App or Absa Online
    • Immediate access to your funds
    • Deposit funds anytime you like or set up a recurring monthly payment of R250 or more subject to the current tax-free limits
    • Save up to R36 000 limit per tax year and R500 000 lifetime limit
    • No monthly management fee

  • What you need to know

  • What you need to apply

    Opening deposit of R1 000

    • Your South African ID
    • Proof of residence (not older than three months)

  • Where to apply

Similar product

Tax-Free Fixed Deposit

Lock in your savings and earn tax-free interest
Opening deposit
R30 000
Earn interest up to
8.76%
Access to funds
At maturity
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All interest rates are expressed as a percentage per annum and are indicative. Rates subject to change.

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Need more help?

Let one of our consultants help you get the best accounts for your needs.

Contact us:

Call us on: 0860 111 515

Email us at saving@absa.co.za