Access Bank Plc Fixed Deposit Review for December 2024

Last updated 2nd December 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 December 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% 7.49%
+
18
R10,000 for 55+8.21% 7.57%
+
16
R100,000 for 18+8.21% 7.62%
+
151
R100,000 for 55+8.21% 7.60%
+
154
R250,000 for 18+8.21% 7.62%
+
375
R250,000 for 55+8.21% 7.64%
+
363
R1,000,000 for 18+8.21% 7.69%
+
1,323
R1,000,000 for 55+8.21% 7.71%
+
1,267
R5,000,000 for 18+8.21% 7.67%
+
6,853
R5,000,000 for 55+8.21% 7.66%
+
6,957
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 7.49%. Over 3 months you will earn R18 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% 7.88%
+
34
R10,000 for 55+8.54% 7.86%
+
35
R100,000 for 18+8.54% 8.01%
+
271
R100,000 for 55+8.54% 7.92%
+
321
R250,000 for 18+8.54% 8.04%
+
643
R250,000 for 55+8.54% 7.95%
+
762
R1,000,000 for 18+8.54% 8.09%
+
2,330
R1,000,000 for 55+8.54% 8.03%
+
2,640
R5,000,000 for 18+8.54% 8.07%
+
12,153
R5,000,000 for 55+8.54% 8.00%
+
13,920
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 7.88%. Over 6 months you will earn R34 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% 8.15%
+
90
R10,000 for 55+8.98% 8.21%
+
83
R100,000 for 18+8.98% 8.36%
+
667
R100,000 for 55+8.98% 8.34%
+
693
R250,000 for 18+8.98% 8.39%
+
1,598
R250,000 for 55+8.98% 8.38%
+
1,625
R1,000,000 for 18+8.98% 8.43%
+
5,969
R1,000,000 for 55+8.98% 8.45%
+
5,764
R5,000,000 for 18+8.98% 8.43%
+
29,682
R5,000,000 for 55+8.98% 8.45%
+
28,708
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 8.15%. Over 12 months you will earn R90 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% 8.05%
+
255
R10,000 for 55+9.12% 8.10%
+
244
R100,000 for 18+9.12% 8.14%
+
2,347
R100,000 for 55+9.12% 8.13%
+
2,351
R250,000 for 18+9.12% 8.18%
+
5,626
R250,000 for 55+9.12% 8.17%
+
5,666
R1,000,000 for 18+9.12% 8.21%
+
21,636
R1,000,000 for 55+9.12% 8.25%
+
20,800
R5,000,000 for 18+9.12% 8.23%
+
106,360
R5,000,000 for 55+9.12% 8.25%
+
103,109
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 8.05%. Over 2 years you will earn R255 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% 8.19%
+
420
R10,000 for 55+9.26% 8.22%
+
408
R100,000 for 18+9.26% 8.38%
+
3,444
R100,000 for 55+9.26% 8.35%
+
3,564
R250,000 for 18+9.26% 8.42%
+
8,224
R250,000 for 55+9.26% 8.39%
+
8,557
R1,000,000 for 18+9.26% 8.46%
+
31,484
R1,000,000 for 55+9.26% 8.46%
+
31,162
R5,000,000 for 18+9.26% 8.49%
+
150,871
R5,000,000 for 55+9.26% 8.45%
+
156,419
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 8.19%. Over 3 years you will earn R420 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% 8.78%
+
708
R10,000 for 55+9.67% 8.81%
+
679
R100,000 for 18+9.67% 8.93%
+
5,927
R100,000 for 55+9.67% 8.89%
+
6,175
R250,000 for 18+9.67% 8.96%
+
14,149
R250,000 for 55+9.67% 8.92%
+
14,809
R1,000,000 for 18+9.67% 8.99%
+
54,208
R1,000,000 for 55+9.67% 8.99%
+
54,032
R5,000,000 for 18+9.67% 9.00%
+
269,110
R5,000,000 for 55+9.67% 8.93%
+
288,631
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 8.78%. Over 5 years you will earn R708 more in interest at Access Bank Plc compared to the average bank.