Save, Tax Free, With Absa
Whatever you’re saving for, Absa is sure that if it’s worth waiting for, then it’s definitely worth investing. With this in mind, they’re introducing a brand-new product for their customers.
Introducing the new 12-month Absa Tax Free Fixed Deposit Account. Offering you a launch rate of 8.7% interest per annum* at maturity, with zero tax on the growth of your investment.
*This launch rate is offered for a limited period only.
Here’s How It Works
- Make a once-off deposit of R33 000
- Pay zero tax on the growth the investment makes per tax year
- Access your funds at maturity
After 12 months, you have the option to:
- Reinvest by keeping your R33 000 in the same account without making any additional deposits into the account; OR
- Open a new account and deposit R33 000 for the new tax year’s contribution
Already have a tax-free savings account?
You can transfer funds of over R33 000 from another financial institution to your Absa Tax Free Fixed Deposit Account and still enjoy the tax-free benefit.
What are you waiting for?
Open your 12-month Absa Tax Free Fixed Deposit Account at your nearest branch or call 0860 111 515.
That’s Africanacity. That’s Absa.