Have you heard of ABSA Dynamic fixed deposit? Or you might want to ask, what is the interest rate for ABSA Dynamic fixed deposit. If yes, in this post you will learn more about the ABSA Dynamic Fixed Deposit and Interest Rates.
ABSA offers you the opportunity to have a Dynamic fixed deposit account where you can earn monthly deposit interest based on the amount fixed, term duration as well as interest rates.
Dynamic Fixed Deposit
Features of the product:
- The capital is guaranteed
- Choose an interest rate that is fixed or linked to prime
- You pay no monthly fees
- The minimum opening investment is above R1 000
- The investment term is 8 days to 60 months
- Choose to access of 0%, 10%, 20%, 30%, 40% or 50% of your investment
- Choose to receive interest monthly, quarterly, half-yearly, annually or on maturity
Documents needed for ABSA Dynamic Fixed Deposit
- Proof of residence (not older than 3 months)
- South African ID book or ID card
Balance R 1000 – R100 000 Fixed-Rate
| Investment period | 6 months | 12 months | 18 months | 24 months | 36 months | 60 months |
| Balance R1 000 – R100 000 | ||||||
| Liquidity option | ||||||
| 100/0 | 3.90% | 4.15% | 4.35% | 4.70% | 5.15% | 6.25% |
| 90/10 | 3.65% | 3.90% | 4.10% | 4.45% | 4.90% | 5.85% |
| 80/20 | 3.60% | 3.85% | 4.05% | 4.40% | 4.80% | 5.80% |
| 70/30 | 3.55% | 3.80% | 4.00% | 4.35% | 4.65% | 5.60% |
| 60/40 | 3.50% | 3.75% | 3.95% | 4.30% | 4.49% | 5.45% |
| 50/50 | 3.45% | 3.70% | 3.90% | 4.25% | 4.33% | 5.40% |
Balance R100 001 – R999 999 Fixed-Rate
| Investment period | 6 months | 12 months | 18 months | 24 months | 36 months | 60 months |
| Balance R100 001 – R999 999 | ||||||
| Liquidity option | ||||||
| 100/0 | 4.05% | 4.65% | 4.85% | 5.20% | 5.65% | 6.75% |
| 90/10 | 3.80% | 4.40% | 4.60% | 4.95% | 5.30% | 6.25% |
| 80/20 | 3.75% | 4.35% | 4.55% | 4.90% | 5.25% | 6.05% |
| 70/30 | 3.70% | 4.30% | 4.50% | 4.85% | 5.20% | 6.00% |
| 60/40 | 3.65% | 4.25% | 4.45% | 4.80% | 5.15% | 5.90% |
| 50/50 | 3.60% | 4.20% | 4.40% | 4.75% | 5.10% | 5.80% |
Balance R1 000 000 and more Fixed-Rate
| Investment period | 6 months | 12 months | 18 months | 24 months | 36 months | 60 months |
| Balances R1 000 000 – R99 999 999 999 | ||||||
| Liquidity option | ||||||
| 100/0 | 4.25% | 4.65% | 4.85% | 5.20% | 5.65% | 6.75% |
| 90/10 | 4.00% | 4.40% | 4.60% | 4.95% | 5.30% | 6.25% |
| 80/20 | 3.95% | 4.35% | 4.55% | 4.90% | 5.25% | 6.05% |
| 70/30 | 3.90% | 4.30% | 4.50% | 4.85% | 5.20% | 6.00% |
| 60/40 | 3.85% | 4.25% | 4.45% | 4.80% | 5.15% | 5.90% |
| 50/50 | 3.80% | 4.20% | 4.40% | 4.75% | 5.10% | 5.80% |
You can open an ABSA Fixed Deposit account from HERE
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