Save your money for a set period to achieve your personal goals and enjoy guaranteed interest rates with our Term Deposit Savings Account.  

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 gets paid to you.
  • What you need to know

    • A minimum deposit is required.
    • This account can also be used as collateral for other banking facilities.
    • As this is a long-term investment, you will not receive a debit card so your money will grow at the guaranteed rate.
    • The interest rate is guaranteed.
    • Interest is paid at maturity.
  • What to bring when you apply

     If no current account at the bank:

    • National ID card, equivalent document
    • Proof of residence (latest utility bill)
    • Declaration of income
    • NUIT

     If current account at the bank:

    • National ID card or equivalent document

    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?

Contact us on:

Switchboard: +258 21 344 400
Email: linhacliente@absa.africa

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