African Bank Fixed Deposit Review for March 2026
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 March 2026 by Walter
African Bank offers 2 fixed deposit products
| Product | Terms | Min Deposit | Best Rate |
|---|---|---|---|
| African Bank Fixed Deposit | 3 month to 5 year | R0 | 9.94% |
| African Bank Tax Free Investment (12 Months) | 1 year | R0 | 7.26% |
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 |
|---|---|---|---|---|
| 1 | R1,000,000 | 60 months | 9.94% | 10.41% |
| 2 | R1,000,000 P | 60 months | 9.94% | 10.41% |
| 3 | R250,000 | 60 months | 8.42% | 8.75% |
| 4 | R250,000 P | 60 months | 8.42% | 8.75% |
| 5 | R50,000 | 60 months | 8.19% | 8.50% |
African Bank Fixed Deposit
Terms: 3 month to 5 year · Min deposit: R0 · Best rate: 9.94%
African Bank Tax Free Investment (12 Months)
Terms: 1 year · Min deposit: R0 · Best rate: 7.26%