Absa Club Account
Overview
Savings can help you achieve any financial goal.Whether its a comfortable retirement, a down payment for a house, or a new car or stereo, you can get there by setting money aside. Best of all, you can have what you want without getting bogged down in debt. It is also a fact that saving can be done as an individual, as a family or even as a group. Absa which is one of the biggest banking institutions understands this clearly well. It is for this reason that the Absa Club Account was introduced.
The Absa club account product offering is designed for groups of two or more people.This implies that at least two people must sign on the account and a minimum monthly investment of R50 per month is required. Absa also rewards dedicated savers who have maintained at least R1000 in the account each year with an annual bonus interest of 1%.
Other features and benefits of this this account offers tiered interest rates on positive balances, no monthly management fees, the funds are available from any branch,simplifying group savings between people in different parts of the country, tiered interest rates are paid on positive balances, calculated daily and capitalised monthly, money is available on a 32 day notice period, there is free accidental death cover for up to ten nominated members of the account, the account also comes with free NotifyMe alerts for up to 3 signatories.You can also look forward to a free welcome pack, which includes tips, investment options, guidelines for setting up a constitution among other information.
To sign up for this account, Absa can be contacted on 0860111515.
