African Bank Fixed Deposit Review for August 2025

Last updated 3rd August 2025 by Walter

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 3rd August 2025 by Walter

R0
min deposit
9.94%
best rate

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
P
only individuals older than 55 qualify

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
R10,000 for 18+7.17% 7.10%
+
2
R10,000 for 55+7.17% 7.10%
+
2
R100,000 for 18+7.35% 7.11%
+
60
R100,000 for 55+7.35% 7.17%
+
46
R250,000 for 18+7.54% 7.10%
+
284
R250,000 for 55+7.54% 7.21%
+
211
R1,000,000 for 18+7.73% 7.17%
+
1,428
R1,000,000 for 55+7.73% 7.28%
+
1,137
R5,000,000 for 18+7.73% 7.21%
+
6,558
R5,000,000 for 55+7.73% 7.29%
+
5,580
How to read this table?

You get a 7.17% interest rate at African Bank for a R10,000 investment in a 3 month fixed deposit (if you are older than 18). The industry average is 7.10%. Over 3 months you will earn R2 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
R10,000 for 18+7.73% 7.41%
+
17
R10,000 for 55+7.73% 7.38%
+
18
R100,000 for 18+7.82% 7.38%
+
230
R100,000 for 55+7.82% 7.42%
+
209
R250,000 for 18+7.91% 7.35%
+
717
R250,000 for 55+7.91% 7.46%
+
575
R1,000,000 for 18+7.91% 7.42%
+
2,542
R1,000,000 for 55+7.91% 7.53%
+
1,951
R5,000,000 for 18+7.91% 7.48%
+
11,163
R5,000,000 for 55+7.91% 7.54%
+
9,461
How to read this table?

You get a 7.73% interest rate at African Bank for a R10,000 investment in a 6 month fixed deposit (if you are older than 18). The industry average is 7.41%. Over 6 months you will earn R17 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
R10,000 for 18+8.10% 7.62%
+
51
R10,000 for 55+8.10% 7.62%
+
52
R100,000 for 18+8.19% 7.68%
+
539
R100,000 for 55+8.19% 7.71%
+
516
R250,000 for 18+8.28% 7.68%
+
1,602
R250,000 for 55+8.28% 7.77%
+
1,362
R1,000,000 for 18+8.38% 7.72%
+
7,071
R1,000,000 for 55+8.38% 7.84%
+
5,847
R5,000,000 for 18+8.38% 7.77%
+
32,864
R5,000,000 for 55+8.38% 7.85%
+
28,577
How to read this table?

You get a 8.1% interest rate at African Bank for a R10,000 investment in a 1 year fixed deposit (if you are older than 18). The industry average is 7.62%. Over 12 months you will earn R51 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
R10,000 for 18+8.14% 7.61%
+
125
R10,000 for 55+8.14% 7.59%
+
129
R100,000 for 18+8.33% 7.68%
+
1,558
R100,000 for 55+8.33% 7.65%
+
1,627
R250,000 for 18+8.47% 7.71%
+
4,524
R250,000 for 55+8.47% 7.69%
+
4,611
R1,000,000 for 18+8.65% 7.74%
+
21,529
R1,000,000 for 55+8.65% 7.76%
+
21,026
R5,000,000 for 18+8.65% 7.76%
+
104,973
R5,000,000 for 55+8.65% 7.74%
+
106,199
How to read this table?

You get a 8.14% interest rate at African Bank for a R10,000 investment in a 2 year fixed deposit (if you are older than 18). The industry average is 7.61%. Over 2 years you will earn R125 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
R10,000 for 18+8.42% 7.72%
+
268
R10,000 for 55+8.42% 7.71%
+
273
R100,000 for 18+8.61% 7.82%
+
3,071
R100,000 for 55+8.61% 7.77%
+
3,251
R250,000 for 18+8.75% 7.85%
+
8,693
R250,000 for 55+8.75% 7.82%
+
8,988
R1,000,000 for 18+8.75% 7.89%
+
33,482
R1,000,000 for 55+8.75% 7.89%
+
33,216
R5,000,000 for 18+8.75% 7.92%
+
161,689
R5,000,000 for 55+8.75% 7.86%
+
169,421
How to read this table?

You get a 8.42% interest rate at African Bank for a R10,000 investment in a 3 year fixed deposit (if you are older than 18). The industry average is 7.72%. Over 3 years you will earn R268 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
R10,000 for 18+9.11% 8.38%
+
569
R10,000 for 55+9.11% 8.34%
+
598
R100,000 for 18+9.34% 8.40%
+
7,294
R100,000 for 55+9.34% 8.35%
+
7,660
R250,000 for 18+9.57% 8.42%
+
22,470
R250,000 for 55+9.57% 8.42%
+
22,546
R1,000,000 for 18+9.94% 8.46%
+
117,408
R1,000,000 for 55+9.94% 8.47%
+
116,007
R5,000,000 for 18+9.94% 8.43%
+
600,522
R5,000,000 for 55+9.94% 8.40%
+
606,225
How to read this table?

You get a 9.11% interest rate at African Bank for a R10,000 investment in a 5 year fixed deposit (if you are older than 18). The industry average is 8.38%. Over 5 years you will earn R569 more in interest at African Bank compared to the average bank.