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Tax-Free Fixed Deposit
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Tax-Free Fixed Deposit
Lock in your savings and earn tax-free interest.
Call me back Interest rates
  1. Save or invest /
  2. All products /

More about Tax-Free Fixed Deposit

Benefits

What you need to know

What you need to apply

Where to apply

  • Benefits

    • Earn interest tax-free
    • Fixed interest rate paid on maturity
    • Your maximum annual contribution amount is R36 000
    • Your maximum lifetime contribution amount is R500 000
    • No monthly management fee.

     

  • What you need to know

  • What you need to apply

    Opening deposit of R30 000

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

    When transferring from one financial institution to Absa you will need:

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

  • Where to apply

Similar product

Tax-Free Savings

Secure your financial future tax-free
Opening deposit
R1 000
Earn interest up to
8.25%
Access to funds
Immediate
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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