African Bank - Fixed Deposit Rates

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 & effective annual rates! This allows you to compare rates across all banks. Yippee!

The African Bank Interest Calculator, allows you to calculate how much interest you will earn for your age, investment amount and term.

Here are African Bank's best interest rates

NominalEffective
1 African Bank 60m500 8.80% 9.16%
2 African Bank 36m500 7.73% 8.01%
3 African Bank 24m500 7.26% 7.51%
4 African Bank 12m500 6.32% 6.51%
5 African Bank 6m500 5.37% 5.5%
P: only individuals older than 55 qualify
length of term. eg. 60m = 60 months
minimum deposit

The best interest rate you can get at African Bank is 9.16% for the 60-month fixed deposit. You will need a minimum deposit of R500 and be over the age of 18.

500 Deposit rates for Balances from R500+

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TermNominalEffectiveRank*
3 months 4.65% 4.75%#1
6 months 5.37% 5.5%#2
12 months 6.32% 6.51%#1
24 months 7.26% 7.51%#2
36 months 7.73% 8.01%#2
60 months 8.80% 9.16%#3
* - African Bank's ranking for a R500 investment

500P Deposit rates for Balances from R500+ for individuals 55 and older

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TermNominalEffectiveRank*
3 months 4.65% 4.75%#1
6 months 5.37% 5.5%#2
12 months 6.32% 6.51%#3
24 months 7.26% 7.51%#2
36 months 7.73% 8.01%#2
60 months 8.80% 9.16%#3
* - African Bank's ranking for a R500 investment