African Bank Fixed Deposit Review for July 2025
Introduction
This page summarises all the fixed deposits offered by African Bank. All the rates shown are sourced from the African Bank website - africanbank.co.za. 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 African Bank fixed deposit interest calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.
African Bank fixed deposits highlights
last updated 1st July 2025 by Walter
Here are African Bank's best fixed deposit rates
The best interest rate you can get at African Bank is 9.94% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .
Here are African Bank's five best fixed deposit interest rates:
| # | Min deposit | Term | Nominal | Effective |
|---|
African Bank 3 month fixed deposit
This table shows African Bank'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 |
|---|---|---|---|
| R100,000 for 18+ | 7.35% | 7.23% | + 28 |
| R100,000 for 55+ | 7.35% | 7.26% | + 21 |
| R250,000 for 18+ | 7.54% | 7.23% | + 199 |
| R250,000 for 55+ | 7.54% | 7.31% | + 148 |
| R1,000,000 for 18+ | 7.73% | 7.30% | + 1,088 |
| R1,000,000 for 55+ | 7.73% | 7.38% | + 888 |
| R5,000,000 for 18+ | 7.73% | 7.30% | + 5,426 |
| R5,000,000 for 55+ | 7.73% | 7.35% | + 4,751 |
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R100,000 for 18+ | 7.35% | 7.23% | + 28 |
| R100,000 for 55+ | 7.35% | 7.26% | + 21 |
| R250,000 for 18+ | 7.54% | 7.23% | + 199 |
| R250,000 for 55+ | 7.54% | 7.31% | + 148 |
| R1,000,000 for 18+ | 7.73% | 7.30% | + 1,088 |
| R1,000,000 for 55+ | 7.73% | 7.38% | + 888 |
| R5,000,000 for 18+ | 7.73% | 7.30% | + 5,426 |
| R5,000,000 for 55+ | 7.73% | 7.35% | + 4,751 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than African Bank.
You get a 7.35% interest rate at African Bank for a R100,000 investment in a 3 month fixed deposit (if you are older than 18). The industry average is 7.23%. Over 3 months you will earn R28 more in interest at African Bank compared to the average bank.
African Bank 6 month fixed deposit
This table shows African Bank'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 |
|---|---|---|---|
| R100,000 for 18+ | 7.82% | 7.46% | + 188 |
| R100,000 for 55+ | 7.82% | 7.48% | + 176 |
| R250,000 for 18+ | 7.91% | 7.44% | + 603 |
| R250,000 for 55+ | 7.91% | 7.53% | + 492 |
| R1,000,000 for 18+ | 7.91% | 7.50% | + 2,088 |
| R1,000,000 for 55+ | 7.91% | 7.59% | + 1,614 |
| R5,000,000 for 18+ | 7.91% | 7.53% | + 9,825 |
| R5,000,000 for 55+ | 7.91% | 7.58% | + 8,497 |
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R100,000 for 18+ | 7.82% | 7.46% | + 188 |
| R100,000 for 55+ | 7.82% | 7.48% | + 176 |
| R250,000 for 18+ | 7.91% | 7.44% | + 603 |
| R250,000 for 55+ | 7.91% | 7.53% | + 492 |
| R1,000,000 for 18+ | 7.91% | 7.50% | + 2,088 |
| R1,000,000 for 55+ | 7.91% | 7.59% | + 1,614 |
| R5,000,000 for 18+ | 7.91% | 7.53% | + 9,825 |
| R5,000,000 for 55+ | 7.91% | 7.58% | + 8,497 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than African Bank.
You get a 7.82% interest rate at African Bank for a R100,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 7.46%. Over 6 months you will earn R188 more in interest at African Bank compared to the average bank.
African Bank 1 year fixed deposit
This table shows African Bank'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 |
|---|---|---|---|
| R100,000 for 18+ | 8.19% | 7.75% | + 471 |
| R100,000 for 55+ | 8.19% | 7.79% | + 427 |
| R250,000 for 18+ | 8.28% | 7.76% | + 1,398 |
| R250,000 for 55+ | 8.28% | 7.86% | + 1,138 |
| R1,000,000 for 18+ | 8.38% | 7.80% | + 6,250 |
| R1,000,000 for 55+ | 8.38% | 7.92% | + 4,947 |
| R5,000,000 for 18+ | 8.38% | 7.83% | + 29,727 |
| R5,000,000 for 55+ | 8.38% | 7.92% | + 24,885 |
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R100,000 for 18+ | 8.19% | 7.75% | + 471 |
| R100,000 for 55+ | 8.19% | 7.79% | + 427 |
| R250,000 for 18+ | 8.28% | 7.76% | + 1,398 |
| R250,000 for 55+ | 8.28% | 7.86% | + 1,138 |
| R1,000,000 for 18+ | 8.38% | 7.80% | + 6,250 |
| R1,000,000 for 55+ | 8.38% | 7.92% | + 4,947 |
| R5,000,000 for 18+ | 8.38% | 7.83% | + 29,727 |
| R5,000,000 for 55+ | 8.38% | 7.92% | + 24,885 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than African Bank.
You get a 8.19% interest rate at African Bank for a R100,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 7.75%. Over 12 months you will earn R471 more in interest at African Bank compared to the average bank.
African Bank 2 year fixed deposit
This table shows African Bank'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 |
|---|---|---|---|
| R100,000 for 18+ | 8.33% | 7.75% | + 1,393 |
| R100,000 for 55+ | 8.33% | 7.75% | + 1,395 |
| R250,000 for 18+ | 8.47% | 7.79% | + 4,063 |
| R250,000 for 55+ | 8.47% | 7.80% | + 3,998 |
| R1,000,000 for 18+ | 8.65% | 7.82% | + 19,684 |
| R1,000,000 for 55+ | 8.65% | 7.87% | + 18,588 |
| R5,000,000 for 18+ | 8.65% | 7.83% | + 97,199 |
| R5,000,000 for 55+ | 8.65% | 7.83% | + 96,307 |
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R100,000 for 18+ | 8.33% | 7.75% | + 1,393 |
| R100,000 for 55+ | 8.33% | 7.75% | + 1,395 |
| R250,000 for 18+ | 8.47% | 7.79% | + 4,063 |
| R250,000 for 55+ | 8.47% | 7.80% | + 3,998 |
| R1,000,000 for 18+ | 8.65% | 7.82% | + 19,684 |
| R1,000,000 for 55+ | 8.65% | 7.87% | + 18,588 |
| R5,000,000 for 18+ | 8.65% | 7.83% | + 97,199 |
| R5,000,000 for 55+ | 8.65% | 7.83% | + 96,307 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than African Bank.
You get a 8.33% interest rate at African Bank for a R100,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 7.75%. Over 2 years you will earn R1,393 more in interest at African Bank compared to the average bank.
African Bank 3 year fixed deposit
This table shows African Bank'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 |
|---|---|---|---|
| R100,000 for 18+ | 8.61% | 7.90% | + 2,771 |
| R100,000 for 55+ | 8.61% | 7.88% | + 2,814 |
| R250,000 for 18+ | 8.75% | 7.94% | + 7,844 |
| R250,000 for 55+ | 8.75% | 7.94% | + 7,825 |
| R1,000,000 for 18+ | 8.75% | 7.98% | + 30,048 |
| R1,000,000 for 55+ | 8.75% | 8.01% | + 28,525 |
| R5,000,000 for 18+ | 8.75% | 7.99% | + 147,855 |
| R5,000,000 for 55+ | 8.75% | 7.96% | + 150,195 |
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R100,000 for 18+ | 8.61% | 7.90% | + 2,771 |
| R100,000 for 55+ | 8.61% | 7.88% | + 2,814 |
| R250,000 for 18+ | 8.75% | 7.94% | + 7,844 |
| R250,000 for 55+ | 8.75% | 7.94% | + 7,825 |
| R1,000,000 for 18+ | 8.75% | 7.98% | + 30,048 |
| R1,000,000 for 55+ | 8.75% | 8.01% | + 28,525 |
| R5,000,000 for 18+ | 8.75% | 7.99% | + 147,855 |
| R5,000,000 for 55+ | 8.75% | 7.96% | + 150,195 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than African Bank.
You get a 8.61% interest rate at African Bank for a R100,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 7.90%. Over 3 years you will earn R2,771 more in interest at African Bank compared to the average bank.
African Bank 5 year fixed deposit
This table shows African Bank'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 |
|---|---|---|---|
| R100,000 for 18+ | 9.34% | 8.53% | + 6,334 |
| R100,000 for 55+ | 9.34% | 8.49% | + 6,625 |
| R250,000 for 18+ | 9.57% | 8.57% | + 19,705 |
| R250,000 for 55+ | 9.57% | 8.54% | + 20,246 |
| R1,000,000 for 18+ | 9.94% | 8.60% | + 106,574 |
| R1,000,000 for 55+ | 9.94% | 8.61% | + 105,973 |
| R5,000,000 for 18+ | 9.94% | 8.58% | + 543,544 |
| R5,000,000 for 55+ | 9.94% | 8.47% | + 577,474 |
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R100,000 for 18+ | 9.34% | 8.53% | + 6,334 |
| R100,000 for 55+ | 9.34% | 8.49% | + 6,625 |
| R250,000 for 18+ | 9.57% | 8.57% | + 19,705 |
| R250,000 for 55+ | 9.57% | 8.54% | + 20,246 |
| R1,000,000 for 18+ | 9.94% | 8.60% | + 106,574 |
| R1,000,000 for 55+ | 9.94% | 8.61% | + 105,973 |
| R5,000,000 for 18+ | 9.94% | 8.58% | + 543,544 |
| R5,000,000 for 55+ | 9.94% | 8.47% | + 577,474 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average bank in South africa will give you more than African Bank.
You get a 9.34% interest rate at African Bank for a R100,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 8.53%. Over 5 years you will earn R6,334 more in interest at African Bank compared to the average bank.