ABSA Bank
3 followers

ABSA 1 Year Fixed Period Deposit


Type Fixed
Rate 7.35%
Currency ZAR

Website: http://www.absa.co.za

Authority: ABSA Bank is a large south african commercial bank, forming the banking component of ABSA Group, the major south african financial services group formed in 1991 and currently majority equity owned by Barclays. it has a large distribution network with approximately 9000 ATMs and is listed on the JSE (Johannesburg Stock Exchange.

How to open a ABSA Fixed Deposit:

- You can find out more about this deposit product by calling them by telephone on 0860 111 515 

- You may open this deposit account by visiting ABSA branch in South Africa. You can find the most closest branch by using the 'branch locator' on their website.

- You can also complete a secure application form online at their website.

Information on ABSA 1 Year Fixed Deposit Rates:

ABSA fixed deposits like other bank fixed deposit products are highly influenced by the South African Reserve Bank (SARB) which is the central bank of the Republic of South Africa. The interest rates it sets for repo rates or repurchase rates can affect whether ABSA increases or decreases its interest rates. In addition when ABSA sets its 1 year fixed deposit rates, it includes forecasts or projects SARBs monetary policy including inflation targets. In addition regulations such as capital requirements as well as bank profit margin spreads also have a factor. 

Currently the displayed interest rate is applicable for a term of 12 months / 1 year fixed period and requires deposits of greater than R 10,000


The rate of 7.35% is 0.42% lower than the average 7.77%. Also it is 1.59 % lower than the highest rate. Updated Jun, 2017

on ABSA Bank's secure website

Website: http://www.absa.co.za

Authority: ABSA Bank is a large south african commercial bank, forming the banking component of ABSA Group, the major south african financial services group formed in 1991 and currently majority equity owned by Barclays. it has a large distribution network with approximately 9000 ATMs and is listed on the JSE (Johannesburg Stock Exchange.

How to open a ABSA Fixed Deposit:

- You can find out more about this deposit product by calling them by telephone on 0860 111 515 

- You may open this deposit account by visiting ABSA branch in South Africa. You can find the most closest branch by using the 'branch locator' on their website.

- You can also complete a secure application form online at their website.

Information on ABSA 1 Year Fixed Deposit Rates:

ABSA fixed deposits like other bank fixed deposit products are highly influenced by the South African Reserve Bank (SARB) which is the central bank of the Republic of South Africa. The interest rates it sets for repo rates or repurchase rates can affect whether ABSA increases or decreases its interest rates. In addition when ABSA sets its 1 year fixed deposit rates, it includes forecasts or projects SARBs monetary policy including inflation targets. In addition regulations such as capital requirements as well as bank profit margin spreads also have a factor. 

Currently the displayed interest rate is applicable for a term of 12 months / 1 year fixed period and requires deposits of greater than R 10,000


The rate of 7.35% is 0.42% lower than the average 7.77%. Also it is 1.59 % lower than the highest rate . Updated Jun, 2017

on ABSA Bank's secure website

Type Fixed
Rate 7.35%
Currency ZAR

Compare ABSA Bank 1 year rates

Account Name Rate
ABSA 1 Year Islamic Term Deposit 7.35%
ABSA 1 Year Prime Linked Term Deposit 7.20%

Compare 1 year rates in South Africa

Account Name Rate
African Bank 1 Year Term Deposit 8.94%
Nedbank 1 Year Fixed Deposit 8.83%
Investec 1 Year Fixed Deposit 8.10%

ABSA Bank Discussion

  • Q: Hi I would to know the percentage of interest for a year on a fixed deposit

    Reply Matilda mashile from South Africa
  • Q: I want to take my money in the fix deposit bt is not the time

    Reply Nobuhle from Pretoria, South Africa
  • Q: I have a fixed term deposit with ABSA which only ends 3 December 2016. I already withdrew once on this specific fixed deposit and paid penalties. I have to urgently cancel that fixed deposit. What are my options and how do I go about the cancellation of fixed deposit?

    Reply Liaan from South Africa
  • Q: Hi I will to know if the iterest rates is 8,9% or 0,89% cause I'm little bit confuse about interest rates

    Reply Sello from Pretoria, South Africa
  • Q: Can I know more about ths savings .I wanna know about investing through Internet bankng

    Reply vule from South Africa