MegaU Savings account for children
Interest rates
MegaU Savings account for children
Teach your kids about saving at an early age and give them a mega financial head start.
Interest rates

More about MegaU Savings

  • Benefits

    • A flat interest rate paid on balances of R50 and more
    • Deposit funds anytime or set up a recurring monthly payment of R250 or more
    • No monthly management fee, only pay for transactions
    • Each month, you will get:
      • Two free ATM mini-statements, balance enquiries and cash withdrawals
      • Deposit up to R2000 cash into your account – zero transaction fees

  • What you need to know

  • What you need to apply

    Opening deposit of R50

    South African Citizens

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

    Non-South African Citizens

    • Valid Passport
    • Proof of residence (not older than three months)
    • Work/Resident permit

  • Where to apply

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TruSave

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Opening deposit
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Tax-Free Savings

Secure your financial future tax-free
Opening deposit
R1 000
Earn interest up to
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All interest rates are expressed as a percentage per annum and are indicative. Rates subject to change.

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