Access Bank Plc Interest Rate Review for December 2024

Last updated 2nd December 2024 by Walter

Introduction

This page gives you an overview of Access Bank Plc interest rates for December 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
Access Bank Plc Notice 32 day notice
R500 - 5m
7.05%- 8.3%
Access Bank Plc Notice 60 day notice
R500 - 5m
7.15%- 8.4%
Access Bank Plc Notice 90 day notice
R500 - 5m
7.25%- 8.5%
Fixed deposits
3 month
R500
8.21%
Notice accounts

Access Bank Plc offers three types of notice accounts.

  • Access Bank Plc Access Bank Plc Notice 32 day notice pays interest from 7.05% and up to 8.3% - for balances over R5.0m
  • Access Bank Plc Access Bank Plc Notice 60 day notice pays interest from 7.15% and up to 8.4% - for balances over R5.0m
  • Access Bank Plc Access Bank Plc Notice 90 day notice pays interest from 7.25% and up to 8.5% - for balances over R5.0m

Notice accounts pay better interest rates than savings, however, you will need to give notice to the bank before you get access to your money.
Fixed deposits

  • Access Bank Plc 3 month fixed deposit currently pays an interest rate of 8.21% for balances over R500.0

Fixed deposits typically pay better rates than savings and notice accounts. Your rate is fixed throughout the term.
PS. Check out my Access Bank Plc fixed deposit calculator to find out how much interest you can earn compared to other banks for your investment amount.