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Many of those who have advanced in years can’t keep up their standard of living after they have retired. They either start saving too late, or don’t continue to bolster their investments once they retire. Retirement planning will help you maintain your lifestyle.

Keep growing your investment once you retire

Often, retirees don’t continue to invest or grow their retirement funds once they retire. The egg nest that was meant to get them through their retirement years reduces, and they can’t maintain their standard of living.

  • Term deposits

    Gives you a great way to gain higher investment returns and exclusive rates on specific terms for senior customers from the ages of 55 years and older.

    Dynamic Fixed Deposit

    • Opening deposit of R1 000
    • 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

    Apply now

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    Fixed Deposit

    • Opening deposit of R1 000
    • Fixed interest rate for your investment term
    • Choose an investment term from 8 days to 60 months that suits you needs
    • Select a interest payment frequency that is suitable to you, either monthly, quarterly, half-yearly, annually or on maturity

    Apply now

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    Islamic Term Deposit

    • Opening deposit of R1 000
    • Shari'ah-compliant
    • Choose an investment term that suits your needs from 8 days to 60 months
    • Select a profit share payment frequency that is suitable to you, either monthly, quarterly, half-yearly, annually or on maturity
    • No monthly fees

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  • Living annuity

    The Absa Living Annuity reinvests your accumulated retirement savings to provide you with a retirement income — while aiming for additional long-term investment growth.

    Absa Living Annuity

    • Initial investment of R50 000 or more
    • A way to reinvest your retirement savings once you retire or move jobs
    • Gives you a monthly income

    Apply now

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  • Share trading and investing

    With retirement, the focus is usually on low-risk investments that give a good income. This can be achieved by selecting the right shares and ETFs which pay consistent dividends. Lower risk is achieved through diversification of your investments which you can accomplish by investing online yourself, or with the support of a dedicated portfolio manager to manage your investment.

    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

    Apply now

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You can also get an overview of all our products here

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