An African Bank Tax-free Investment, provides you with an opportunity to save money and enjoy returns without incurring tax costs on the interest earned.

The investment is fixed for a period of 12 months. Funds can, however, be accessed within 48 hours where circumstances require urgent access. Early withdrawal of up to 10% of the value of the initial investment is possible.

As per the applicable legislation, the annual limit is R30,000 per customer.