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What you get
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What you need to do
To stand a chance to win your contribution back capped at R5 000:
- You should have an Absa Stokvel Account with a minimum monthly contribution of R5 000
- Maintain a deposit of R5 000 per month during the campaign period.
The R50 000 Grand Prize
- Stokvels that have consistently maintained a minimum of R5 000 in monthly contributions throughout the promotional period will be entered for a grand prize of R50 000 in December 2024.
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What you need to know
The competition is open to new and existing Absa Stokvel Account holders who hold the following accounts with Absa:
- Existing Absa Club Accounts
- Absa Investment Club Account
- Travel Club Account
- Grocery Stokvel
- Any of the Savings and Investments qualifying accounts for stokvels (excluding Tax Free Accounts)
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How to apply
Apply at your nearest Absa Branch
Terms and conditions apply. Valid until 15 December 2024
Investment Club Account
- Opening deposit of R100
- You need two or more members to open the account
- This is a group account- for Stokvels, friends and family
- You pay no monthly management fees
- Capital and interest earned guaranteed
Manage my account online:
- Register for Online Banking and enjoy some of these group benefits:
- Pay out members anywhere anytime using EFT on Absa Online
- Access an electronic statement on Online Banking
- Track member contributions
- Reduce some transactional fees
Travel Club Account
- Opening deposit of R1000
- You need two or more members to open the account
- This is a group account- for Stokvels, friends and family
- You pay no monthly management fees
- Capital and interest earned guaranteed
Manage my account online:
- Register for Online Banking and enjoy some of these group benefits:
- Pay out members anywhere anytime using EFT on Absa Online
- Access an electronic statement on Online Banking
- Track member contributions
- Reduce some transactional fees
Grocery Stokvel Account
- Opening deposit of R50
- You need two or more members to open the account
- This is a group account- for Stokvels, friends and family
- You pay no monthly management fees
- Capital and interest earned guaranteed
Manage my account online:
- Register for Online Banking and enjoy some of these group benefits:
- Pay out members anywhere anytime using EFT on Absa Online
- Access an electronic statement on Online Banking
- Track member contributions
- Reduce some transactional fees
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Up to five years
Absa Stockbrokers and Portfolio Management
- Invest and trade in equities and exchange traded funds locally and offshore in over 20 exchanges
- No minimum amount to start — debit orders from a minimum of R250
- With over R250 000 to invest, a portfolio manager can help you
- Invest in a tax-free savings account, for local and offshore exposure
- No age limit
Dynamic Fixed Deposit
- Opening deposit of R1 000
- Opening deposit to access your interest upfront is R100 000.01
- Seniors 55 years or older, may receive an additional Senior bonus interest rate which may be automatically included for qualifying deposits.
- No monthly administration fees
- Choice of either a fixed interest rate for guaranteed returns or an interest rate linked to prime
- Choose to have access to up to 50% of your funds anytime during your investment term.
- Ideal if you want higher investment returns with or without immediate access to a portion of your money
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Five years +
These products could help you save for your family’s future
Absa Stockbrokers and Portfolio Management
- Invest and trade in equities and exchange traded funds locally and offshore in over 20 exchanges
- No minimum amount to start — debit orders from a minimum of R250
- With over R250 000 to invest, a portfolio manager can help you
- Invest in a tax-free savings account, for local and offshore exposure
- No age limit
