solutions. Interest Rate in South Africa averaged 12.26 percent from 1998 until 2020, reaching an all time high of 23.99 percent in June of 1998 and a record low of 3.50 percent in July of 2020. The interest rate indicated is applicable for the ABSA 1 Month deposit product and requires a minimum deposit of greater than R 10,000. Used to use it and it was good...min R1K and interest rates up to 6.75%. Some ways to lower your interest rate include paying a bigger deposit on the home loan, and applying to multiple banks so as to secure the best deal. We recommend that you read the privacy policies and terms of the other website. The content of the website you are visiting is not controlled by Absa. 3.05%. Interest rate [%] Estimated start date (yyyy/mm/dd) Reset Calculate End date: Average Interest earned per interest frequency: R . 1 min read Compared to some of the other options, the interest rate offer from Absa … You are about to leave the Absa website. As of 24 July 2020, the prime interest rate stands at 7%, the lowest in 5 decades. Aug, 2019. A succession of rate cuts by the South African Reserve Bank (SARB) has brought interest rates to a record low. You are about to leave the Absa website. Absa Stockbrokers and Portfolio Management, Absa Multi Managed Preserver Fund of Funds, Absa Multi Managed Accumulation Fund of Funds, Absa Head Office: Absa Towers West, 15 Troye Street, Johannesburg, Gauteng, South Africa, 2000, Terms Of Use | Banking Regulations | Policy Statement | Security Centre | © Copyright. Deposit Interest Rate in South Africa decreased to 3.94 percent in October from 4.08 percent in September of 2020. With a low entry criteria of R15 000, the account offers a market leading interest rate of up to 5%. 3.25%. Depositor plus. With a low entry criteria of R15 000, the account offers a market leading interest rate of up to 5%. Let it work for you. ... Exchange rates . Three months passed before I realized I wasn't earning a cent. 2.95%. Tell me more. 30 Dec 2020. 3.30%. Absa says Depositor Plus is a true game changer for savings across all income brackets. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. RSA Retail bonds offer highest rates since their launch in 2004. Our Sites Personal Banking. Negative interest rates: How banks can keep pace with fast-moving regulation; ... Special Reports. Analysis. Banking rates and fees. 3.50%. All interest rates are expressed as a percentage per annum and are indicative rates subject to change. Absa Bank Limited, Registration number 1986/004794/06. 3.50%. Apply 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 … The benchmark interest rate in South Africa was last recorded at 3.50 percent. 3.10%. You are about to leave the Absa website. Sitemap | Absa Bank Uganda Limited, company registration number 4227.Registered Office: Plot 16 Kampala Road, P.O. 3.10%. Interest rates effective from 15/12/2020 (Percentage per Annum) ... >1 Year to 3 Years->3 Years to 5 Years: 5.55 >5 Years to 10 Years : 5.60 Interest rates are subject to change. Deposit Interest Rate in South Africa averaged 10.30 percent from 1977 until 2020, reaching an all time high of 21.60 percent in August of 1998 and a record low of 3.94 percent in October of 2020. Have a good idea of what you want? No one tells you that you don't earn any interest if you go below the R15000, 0%, not less 0! Absa Bank Limited, Registration number 1986/004794/06. Depositor Plus. Let one of our consultants help you get the best account for your needs. The fees levied on the Absa Tax-free Investment Account include: • Annual administration fee for services provided by Absa Investments. The requested site will open in a new window. With Investor Plus, your capital is guaranteed, you earn a high interest rate and you have access to your money with 24 hours’ notice. We recommend that you read the privacy policies and terms of the other website. As from 31 October 2020, your Savings and Investment statements will only be available electronically, via email, Absa Online or the Absa Banking App for you to access whenever you need. The requested site will open in a new window. 3.30%. The fees levied on the underlying fund/ ( s ) selected a prime deposit which is linked the! 7 %, the more you earn with Depositor Plus money maximiser which 7.25. 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