Access Bank Plc Interest Rate Review for May 2024
Introduction
This page gives you an overview of Access Bank Plc interest rates for May 2024. Access Bank Plc offers:
- Notice accounts. You will need to give Access Bank Plc notice before you get access to your money. Interest rates typically higher than your savings account.
- Fixed deposits. The interest rate for a fixed deposit investment does not fluctuate and is instead fixed throughout your investment period.
The main difference between these two options is ease of access to your money. Savings accounts will provide you with near instant access, but in return you get a lower rate of interest . Notice accounts will provide better interest rates, but you will need to give Access Bank Plc notice before getting access to your money. Fixed deposits generally pay the best interest, but you commit your money for a fixed term. In case you do need to withdraw, you can still get access before your term is over but will have to pay a penalty.
Access Bank Plc interest rate overview for savings, notice accounts and fixed deposits
Here is a table of interest rates available at Access Bank Plc. It shows the type of account, deposit and interest rate you can get.
| Name | Deposit | Nominal rate |
| Savings | ||
| Access Bank Plc does not offer any savings accounts | ||
| Notice accounts | ||
32 day notice | R500 - 5m | 7.55%- 8.8% |
60 day notice | R500 - 5m | 7.65%- 8.9% |
88 day notice | R500 - 5m | 7.75%- 9% |
188 day notice | R500 - 5m | 7.84%- 9.25% |
| Fixed deposits | ||
3 month | R500 - 5m | 8.14%- 8.6% |
6 month | R500 - 5m | 8.41%- 9% |
12 month | R500 | 9.5% |
24 month | R500 | 9.55% |
36 month | R500 | 9.8% |
60 month | R500 | 10.45% |
Check out the full Access Bank Plc fixed deposit review for May 2024 | ||
Access Bank Plc offers four types of notice accounts.
- Access Bank Plc 32 day notice pays interest from 7.55% and up to 8.8% - for balances over R5.0m
- Access Bank Plc 60 day notice pays interest from 7.65% and up to 8.9% - for balances over R5.0m
- Access Bank Plc 88 day notice pays interest from 7.75% and up to 9% - for balances over R5.0m
- Access Bank Plc 188 day notice pays interest from 7.84% and up to 9.25% - for balances over R5.0m
- Access Bank Plc 3 month fixed deposit pays interest from 8.14% and up to 8.6% - for balances over R5.0m
- Access Bank Plc 6 month fixed deposit pays interest from 8.41% and up to 9% - for balances over R5.0m
- Access Bank Plc 12 month fixed deposit currently pays an interest rate of 9.5% for balances over R500.0
- Access Bank Plc 24 month fixed deposit currently pays an interest rate of 9.55% for balances over R500.0
- Access Bank Plc 36 month fixed deposit currently pays an interest rate of 9.8% for balances over R500.0
- Access Bank Plc 60 month fixed deposit currently pays an interest rate of 10.45% for balances over R500.0
