African Bank Interest Rate Review for March 2026

Last updated 1st March 2026 by Walter
9.94%
best rate
8
products
3
account types

Introduction

This page gives you an overview of African Bank interest rates for March 2026. African Bank offers:

  • Savings accounts. Saving accounts give you quick and easy access to your money.
  • Notice accounts. You will need to give African Bank 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 three 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 African Bank 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.

African Bank interest rate overview

Here is a table of interest rates available at African Bank. It shows the type of account, deposit and interest rate you can get.

Name Deposit Nominal rate
Savings
African Bank Savings Pocket R1 5.5%
African Bank MyWorld R1 1%
African Bank Power Pocket R1 1%
Notice accounts
African Bank 90 Day Notice R0 - 250k 5.85% - 7.26%
African Bank 32 Day Notice R0 - 1m 6.32% - 7.17%
African Bank 7 Day Notice R0 - 1m 5.61% - 7.02%
Fixed deposits
African Bank Fixed Deposit R0 - 1m 6.51% - 9.94%
African Bank Tax Free Investment (12 Months) R0 - 250k 6.98% - 7.26%

Savings accounts

African Bank offers three types of savings accounts.

Min deposit R1.

Min deposit R1.

Min deposit R1.

Remember the primary benefit of a savings account is easy and quick access to your money.

Notice accounts

African Bank offers three types of notice accounts.

Pays interest from 5.85% up to 7.26% for balances over R250,000.

Pays interest from 6.32% up to 7.17% for balances over R1,000,000.

Pays interest from 5.61% up to 7.02% for balances over R1,000,000.

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

African Bank offers two fixed deposit products.

Min deposit R0. Up to 9.94% for deposits over R1,000,000.

Min deposit R0. Up to 7.26% for deposits over R250,000.

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