African Bank Interest Rate Review for April 2026
Introduction
This page gives you an overview of African Bank interest rates for April 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 chart
This chart shows every African Bank product on this overview page. Each bar shows the nominal interest-rate range for that account, colour-coded by savings, notice and fixed-deposit products.
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 | 5.50% |
| African Bank MyWorld | R1 | 1.00% |
| African Bank Power Pocket | R1 | 1.00% |
| Notice accounts | ||
| 90 Days Notice | R0 - 250k | 5.85% - 7.26% |
| 32 Days Notice | R0 - 1m | 6.32% - 7.17% |
| 7 Days Notice | R0 - 1m | 5.61% - 7.02% |
| Fixed deposits | ||
| African Bank Fixed Deposit | R0 - 1m | 6.51% - 8.28% |
| African Bank Tax Free Investment (12 Months) | R0 - 250k | 6.98% - 7.26% |
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Check out the full
African Bank fixed deposit review for April 2026
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Savings accounts
African Bank offers three types of savings accounts.
Notice accounts
African Bank offers three types of notice accounts.
Requires 90 days' notice. Pays interest from 5.85% up to 7.26% for balances from R0 to over R250,000.
Requires 32 days' notice. Pays interest from 6.32% up to 7.17% for balances from R0 to over R1,000,000.
Requires 7 days' notice. Pays interest from 5.61% up to 7.02% for balances from R0 to over R1,000,000.
Fixed deposits
African Bank offers two fixed deposit products.
Min deposit R0. Up to 8.28% for deposits over R1,000,000.
Min deposit R0. Up to 7.26% for deposits over R250,000.