African Bank Tax Free
You can save smartly by investing your money at market leading rates with non taxable payouts.
- Interest rates are quoted on a per annum basis and are valid for today only as they may change over time.
- Terms and conditions apply.
We cannot advise you on the tax implications of investing. It is recommended that you contact your financial advisor or tax consultant.
More about Tax Free Investment
Our Tax-Free Investment product promises market-leading returns with a great interest rate which is of course, non-taxable!
INVEST FROM R50
You can make additional deposits after your account opening deposit. Minimum deposit of R100.
INVEST UP TO R500 000 TAX FREE
You can deposit up to R33 000 per year and up to R500 000 over your lifetime.
RATE INCREASES
Your original interest rate never drops but you can benefit if the interest rate increases.
PAYOUT
You have the option to access your funds (partially or in full) during the 12-month anniversary month.
TERM
Allow your tax free investment to grow as long as you like provided a minimum balance of R500 is maintained.
UNLIMITED ACCOUNTS
You can always reinvest with a second Tax-Free account (one per year).