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Fixed term deposit account

Invest your money for a set period to achieve your personal goals and enjoy a guaranteed interest rate.

Apply now

What you can expect

What you get
The interest rate is guaranteed.

Different deposit periods are available.

Your investment is secured against fluctuating interest rates.

You can choose how often your interest is paid.
What you need to know
You need a minimum deposit of Rs100,000.

The minimum deposit in foreign currency is USD5,000 or the equivalent.

This account can be used to secure a loan or other banking facility.

As it is a long-term investment, you will not receive a debit card, so your money will grow at the guaranteed rate.

Please check the latest applicable interest rate.
What to bring when you apply
Proof of identity

National identity document

Passport

Driving license

Proof of residence

Utility bill not older than 3 months

Birth certificate or marriage certificate if relationship needs to be established

All documents are required in their original form. The list of required documents mentioned above is indicative only. The bank may at any time request additional documents or information to process your application(s).

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Need more help?

Call:

Tel: +230 402-1000
(24/7 Contact Centre)

WhatsApp:

Absa Bot: +230 5919 0001

Email:

customer.contact@absa.africa

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