Our accounts and services will help cover you against liquidity management risks. Simply choose the account and cover that suit your business needs.

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What you can expect
  • Call Deposit Account – call account

    • This is an interest-earning bank deposit account available in local currency and a range of foreign currencies.
    • Deposits are typically placed or redeemed prior to a cut-off time specified by Absa, enabling you to earn a higher rate of interest.
  • Fixed Deposit Account

    • It is an interest-bearing bank deposit available in both the local currency and a range of foreign currencies.
    • The deposit will be redeemed after a fixed term, e.g. 30, 60 or 90 days. The longer the fixed term, the higher the rate of interest paid.
  • Auto sweep

    • With this service, balances of one or more of your accounts are swept automatically by the bank, in line with the pre-agreed parameters.
    • Funds can be swept into an investment option, such as a deposit account or other interest-bearing current account.
    • The investment option and your account are both maintained domestically.
  • Auto cover

    • This is a convenient and easy method of covering cheques or payments as they are presented into your transaction account for payment.
    • When the amount of a cheque or payment presented to your account exceeds the available balance in the account or has the effect of taking the account balance below the agreed threshold, the auto cover funds are swept in from the call account. The current account balance then goes back to the set threshold.

Contact your Relationship Manager for more details

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