Access Bank Plc Fixed Deposit Review for October 2024

Last updated 2nd October 2024 by Walter

Introduction

This page summarises all the fixed deposits offered by Access Bank Plc. All the rates shown are sourced from the Access Bank Plc website - southafrica.accessbankplc.com. All rates shown on this page have been converted to nominal and effective annual rates! This allows you to compare rates across all banks. Yippee!

The Access Bank Plc fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

Access Bank Plc fixed deposits highlights

last updated 2nd October 2024 by Walter

R500
min deposit
9.67%
best rate

Here are Access Bank Plc's best fixed deposit rates

The best interest rate you can get at Access Bank Plc is 9.67% for the 60-month fixed deposit. You will need a minimum deposit of R500 .

Here are Access Bank Plc's five best fixed deposit interest rates:

# Min deposit Term Nominal
1 R500 60 months 9.67%
2 R500 36 months 9.26%
3 R500 48 months 9.25%
4 R500 24 months 9.12%
5 R500 18 months 9.02%
P
only individuals older than 55 qualify

Access Bank Plc 3 month fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.21% 7.80%
+
10
R10,000 for 55+8.21% 7.95%
+
7
R100,000 for 18+8.21% 7.90%
+
80
R100,000 for 55+8.21% 7.99%
+
56
R250,000 for 18+8.21% 7.90%
+
200
R250,000 for 55+8.21% 8.01%
+
126
R1,000,000 for 18+8.21% 7.97%
+
621
R1,000,000 for 55+8.21% 8.06%
+
390
R5,000,000 for 18+8.21% 7.96%
+
3,220
R5,000,000 for 55+8.21% 8.02%
+
2,407
How to read this table?

You get a 8.21% interest rate at Access Bank Plc for a R10,000 investment in a 3 month fixed deposit (if you are older than 18). The industry average is 7.80%. Over 3 months you will earn R10 more in interest at Access Bank Plc compared to the average bank.

Access Bank Plc 6 month fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.54% 8.21%
+
17
R10,000 for 55+8.54% 8.28%
+
13
R100,000 for 18+8.54% 8.30%
+
125
R100,000 for 55+8.54% 8.31%
+
118
R250,000 for 18+8.54% 8.33%
+
271
R250,000 for 55+8.54% 8.33%
+
263
R1,000,000 for 18+8.54% 8.36%
+
908
R1,000,000 for 55+8.54% 8.37%
+
860
R5,000,000 for 18+8.54% 8.35%
+
4,888
R5,000,000 for 55+8.54% 8.36%
+
4,633
How to read this table?

You get a 8.54% interest rate at Access Bank Plc for a R10,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 8.21%. Over 6 months you will earn R17 more in interest at Access Bank Plc compared to the average bank.

Access Bank Plc 1 year fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+8.98% 8.46%
+
56
R10,000 for 55+8.98% 8.58%
+
43
R100,000 for 18+8.98% 8.62%
+
385
R100,000 for 55+8.98% 8.68%
+
325
R250,000 for 18+8.98% 8.65%
+
894
R250,000 for 55+8.98% 8.71%
+
735
R1,000,000 for 18+8.98% 8.68%
+
3,231
R1,000,000 for 55+8.98% 8.75%
+
2,533
R5,000,000 for 18+8.98% 8.71%
+
14,682
R5,000,000 for 55+8.98% 8.78%
+
10,600
How to read this table?

You get a 8.98% interest rate at Access Bank Plc for a R10,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 8.46%. Over 12 months you will earn R56 more in interest at Access Bank Plc compared to the average bank.

Access Bank Plc 2 year fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+9.12% 8.17%
+
227
R10,000 for 55+9.12% 8.25%
+
209
R100,000 for 18+9.12% 8.22%
+
2,154
R100,000 for 55+9.12% 8.26%
+
2,061
R250,000 for 18+9.12% 8.26%
+
5,115
R250,000 for 55+9.12% 8.29%
+
4,973
R1,000,000 for 18+9.12% 8.29%
+
19,807
R1,000,000 for 55+9.12% 8.32%
+
19,066
R5,000,000 for 18+9.12% 8.28%
+
100,217
R5,000,000 for 55+9.12% 8.36%
+
89,335
How to read this table?

You get a 9.12% interest rate at Access Bank Plc for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 8.17%. Over 2 years you will earn R227 more in interest at Access Bank Plc compared to the average bank.

Access Bank Plc 3 year fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+9.26% 8.27%
+
386
R10,000 for 55+9.26% 8.35%
+
357
R100,000 for 18+9.26% 8.43%
+
3,235
R100,000 for 55+9.26% 8.47%
+
3,074
R250,000 for 18+9.26% 8.48%
+
7,654
R250,000 for 55+9.26% 8.50%
+
7,402
R1,000,000 for 18+9.26% 8.51%
+
29,422
R1,000,000 for 55+9.26% 8.54%
+
28,083
R5,000,000 for 18+9.26% 8.48%
+
152,384
R5,000,000 for 55+9.26% 8.61%
+
125,757
How to read this table?

You get a 9.26% interest rate at Access Bank Plc for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 8.27%. Over 3 years you will earn R386 more in interest at Access Bank Plc compared to the average bank.

Access Bank Plc 5 year fixed deposit

This table shows Access Bank Plc's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit versus the industry average.

Investment amount Nominal Industry average1 Earnings vs average2
R10,000 for 18+9.67% 8.83%
+
667
R10,000 for 55+9.67% 8.95%
+
576
R100,000 for 18+9.67% 8.97%
+
5,572
R100,000 for 55+9.67% 9.02%
+
5,183
R250,000 for 18+9.67% 9.01%
+
13,104
R250,000 for 55+9.67% 9.05%
+
12,376
R1,000,000 for 18+9.67% 9.04%
+
50,351
R1,000,000 for 55+9.67% 9.08%
+
46,952
R5,000,000 for 18+9.67% 9.01%
+
264,965
R5,000,000 for 55+9.67% 9.07%
+
235,014
How to read this table?

You get a 9.67% interest rate at Access Bank Plc for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 8.83%. Over 5 years you will earn R667 more in interest at Access Bank Plc compared to the average bank.