Absa vs African Bank

Interest rates compared

Last updated 2nd April 2025 by Walter

Introduction

This fixed deposit comparison page compares Absa interest rates to African Bank interest rates. All the interest rates shown are sourced from the Absa and African Bank websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd April 2025.

How do Absa fixed deposit interest rates compare to African Bank ?

You are more likely to find better interest rates at African Bank than Absa. Specifically, 0 out of 100 interest rates are better at Absa than African Bank. This means you are more likely to find a better interest rate at African Bank 100% of the time. (PS this was done by comparing all the interest rates on offer for different terms, investment amounts and age groups. Only terms which are offered by both banks are included in the comparison)

Absa
8.50%
best rate
African Bank
9.94%
best rate

The best interest rate you can get at Absa is 8.5% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 55. Whilst at African Bank, the best interest rate you can get is 9.94% for the 60-month fixed deposit. You will need a minimum deposit of R500 .

But how do interest rates at Absa compare to African Bank across different terms and investment amounts?

3 month fixed deposit interest rates compared

Absa vs African Bank

This table shows Absa's and African Bank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit.

Investment amount Absa1African Bank1 Winner 2
R10,000 for 18+
7.30%
7.73%
-
-11
R10,000 for 18+
7.30%
7.73%
-
-11
R10,000 for 55+
7.45%
7.73%
-
-7
R10,000 for 55+
7.45%
7.73%
-
-7
R100,000 for 18+
7.30%
7.73%
-
-109
R100,000 for 18+
7.30%
7.73%
-
-109
R100,000 for 55+
7.45%
7.73%
-
-71
R100,000 for 55+
7.45%
7.73%
-
-71
R250,000 for 18+
7.30%
7.73%
-
-272
R250,000 for 18+
7.30%
7.73%
-
-272
R250,000 for 55+
7.45%
7.73%
-
-177
R250,000 for 55+
7.45%
7.73%
-
-177
R1,000,000 for 18+
7.30%
7.73%
-
-1,087
R1,000,000 for 18+
7.30%
7.73%
-
-1,087
R1,000,000 for 55+
7.45%
7.73%
-
-709
R1,000,000 for 55+
7.45%
7.73%
-
-709
R5,000,000 for 18+
7.30%
7.73%
-
-5,436
R5,000,000 for 18+
7.30%
7.73%
-
-5,436
R5,000,000 for 55+
7.45%
7.73%
-
-3,543
R5,000,000 for 55+
7.45%
7.73%
-
-3,543
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above African Bank.
    A negative amount means that African Bank offers more than Absa.
How to read this table?

You get a 7.45% interest rate at Absa for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 7.73%. Over 3 months you will earn R3,543 less in interest at Absa compared African Bank.

6 month fixed deposit interest rates compared

Absa vs African Bank

This table shows Absa's and African Bank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.

Investment amount Absa1African Bank1 Winner 2
R10,000 for 18+
7.85%
7.96%
-
-6
R10,000 for 18+
7.85%
7.96%
-
-6
R10,000 for 55+
7.90%
7.96%
-
-3
R10,000 for 55+
7.90%
7.96%
-
-3
R100,000 for 18+
7.85%
7.96%
-
-58
R100,000 for 18+
7.85%
7.96%
-
-58
R100,000 for 55+
7.90%
7.96%
-
-34
R100,000 for 55+
7.90%
7.96%
-
-34
R250,000 for 18+
7.85%
7.96%
-
-144
R250,000 for 18+
7.85%
7.96%
-
-144
R250,000 for 55+
7.90%
7.96%
-
-84
R250,000 for 55+
7.90%
7.96%
-
-84
R1,000,000 for 18+
7.85%
7.96%
-
-577
R1,000,000 for 18+
7.85%
7.96%
-
-577
R1,000,000 for 55+
7.90%
7.96%
-
-336
R1,000,000 for 55+
7.90%
7.96%
-
-336
R5,000,000 for 18+
7.85%
7.96%
-
-2,884
R5,000,000 for 18+
7.85%
7.96%
-
-2,884
R5,000,000 for 55+
7.90%
7.96%
-
-1,682
R5,000,000 for 55+
7.90%
7.96%
-
-1,682
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above African Bank.
    A negative amount means that African Bank offers more than Absa.
How to read this table?

You get a 7.9% interest rate at Absa for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 7.96%. Over 6 months you will earn R1,682 less in interest at Absa compared African Bank.

1 year fixed deposit interest rates compared

Absa vs African Bank

This table shows Absa's and African Bank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.

Investment amount Absa1African Bank1 Winner 2
R10,000 for 18+
7.90%
8.42%
-
-56
R10,000 for 18+
7.90%
8.42%
-
-56
R10,000 for 55+
7.95%
8.42%
-
-50
R10,000 for 55+
7.95%
8.42%
-
-50
R100,000 for 18+
7.90%
8.42%
-
-560
R100,000 for 18+
7.90%
8.42%
-
-560
R100,000 for 55+
7.95%
8.42%
-
-500
R100,000 for 55+
7.95%
8.42%
-
-500
R250,000 for 18+
7.90%
8.42%
-
-1,400
R250,000 for 18+
7.90%
8.42%
-
-1,400
R250,000 for 55+
7.95%
8.42%
-
-1,250
R250,000 for 55+
7.95%
8.42%
-
-1,250
R1,000,000 for 18+
7.90%
8.42%
-
-5,600
R1,000,000 for 18+
7.90%
8.42%
-
-5,600
R1,000,000 for 55+
7.95%
8.42%
-
-5,000
R1,000,000 for 55+
7.95%
8.42%
-
-5,000
R5,000,000 for 18+
7.90%
8.42%
-
-28,000
R5,000,000 for 18+
7.90%
8.42%
-
-28,000
R5,000,000 for 55+
7.95%
8.42%
-
-25,000
R5,000,000 for 55+
7.95%
8.42%
-
-25,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above African Bank.
    A negative amount means that African Bank offers more than Absa.
How to read this table?

You get a 7.95% interest rate at Absa for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.42%. Over 12 months you will earn R25,000 less in interest at Absa compared African Bank.

2 year fixed deposit interest rates compared

Absa vs African Bank

This table shows Absa's and African Bank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.

Investment amount Absa1African Bank1 Winner 2
R10,000 for 18+
7.85%
8.65%
-
-187
R10,000 for 18+
7.85%
8.65%
-
-187
R10,000 for 55+
7.90%
8.65%
-
-176
R10,000 for 55+
7.90%
8.65%
-
-176
R100,000 for 18+
7.85%
8.65%
-
-1,867
R100,000 for 18+
7.85%
8.65%
-
-1,867
R100,000 for 55+
7.90%
8.65%
-
-1,759
R100,000 for 55+
7.90%
8.65%
-
-1,759
R250,000 for 18+
7.85%
8.65%
-
-4,669
R250,000 for 18+
7.85%
8.65%
-
-4,669
R250,000 for 55+
7.90%
8.65%
-
-4,398
R250,000 for 55+
7.90%
8.65%
-
-4,398
R1,000,000 for 18+
7.85%
8.65%
-
-18,674
R1,000,000 for 18+
7.85%
8.65%
-
-18,674
R1,000,000 for 55+
7.90%
8.65%
-
-17,592
R1,000,000 for 55+
7.90%
8.65%
-
-17,592
R5,000,000 for 18+
7.85%
8.65%
-
-93,370
R5,000,000 for 18+
7.85%
8.65%
-
-93,370
R5,000,000 for 55+
7.90%
8.65%
-
-87,962
R5,000,000 for 55+
7.90%
8.65%
-
-87,962
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above African Bank.
    A negative amount means that African Bank offers more than Absa.
How to read this table?

You get a 7.9% interest rate at Absa for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.65%. Over 2 years you will earn R87,962 less in interest at Absa compared African Bank.

3 year fixed deposit interest rates compared

Absa vs African Bank

This table shows Absa's and African Bank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.

Investment amount Absa1African Bank1 Winner 2
R10,000 for 18+
8.10%
8.75%
-
-248
R10,000 for 18+
8.10%
8.75%
-
-248
R10,000 for 55+
8.30%
8.75%
-
-174
R10,000 for 55+
8.30%
8.75%
-
-174
R100,000 for 18+
8.10%
8.75%
-
-2,484
R100,000 for 18+
8.10%
8.75%
-
-2,484
R100,000 for 55+
8.30%
8.75%
-
-1,742
R100,000 for 55+
8.30%
8.75%
-
-1,742
R250,000 for 18+
8.10%
8.75%
-
-6,210
R250,000 for 18+
8.10%
8.75%
-
-6,210
R250,000 for 55+
8.30%
8.75%
-
-4,355
R250,000 for 55+
8.30%
8.75%
-
-4,355
R1,000,000 for 18+
8.10%
8.75%
-
-24,840
R1,000,000 for 18+
8.10%
8.75%
-
-24,840
R1,000,000 for 55+
8.30%
8.75%
-
-17,422
R1,000,000 for 55+
8.30%
8.75%
-
-17,422
R5,000,000 for 18+
8.10%
8.75%
-
-124,202
R5,000,000 for 18+
8.10%
8.75%
-
-124,202
R5,000,000 for 55+
8.30%
8.75%
-
-87,109
R5,000,000 for 55+
8.30%
8.75%
-
-87,109
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above African Bank.
    A negative amount means that African Bank offers more than Absa.
How to read this table?

You get a 8.3% interest rate at Absa for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.75%. Over 3 years you will earn R87,109 less in interest at Absa compared African Bank.

5 year fixed deposit interest rates compared

Absa vs African Bank

This table shows Absa's and African Bank's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount Absa1African Bank1 Winner 2
R10,000 for 18+
8.45%
9.94%
-
-1,169
R10,000 for 18+
8.45%
9.94%
-
-1,169
R10,000 for 55+
8.50%
9.94%
-
-1,134
R10,000 for 55+
8.50%
9.94%
-
-1,134
R100,000 for 18+
8.45%
9.94%
-
-11,689
R100,000 for 18+
8.45%
9.94%
-
-11,689
R100,000 for 55+
8.50%
9.94%
-
-11,338
R100,000 for 55+
8.50%
9.94%
-
-11,338
R250,000 for 18+
8.45%
9.94%
-
-29,222
R250,000 for 18+
8.45%
9.94%
-
-29,222
R250,000 for 55+
8.50%
9.94%
-
-28,346
R250,000 for 55+
8.50%
9.94%
-
-28,346
R1,000,000 for 18+
8.45%
9.94%
-
-116,889
R1,000,000 for 18+
8.45%
9.94%
-
-116,889
R1,000,000 for 55+
8.50%
9.94%
-
-113,384
R1,000,000 for 55+
8.50%
9.94%
-
-113,384
R5,000,000 for 18+
8.45%
9.94%
-
-584,446
R5,000,000 for 18+
8.45%
9.94%
-
-584,446
R5,000,000 for 55+
8.50%
9.94%
-
-566,921
R5,000,000 for 55+
8.50%
9.94%
-
-566,921
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above African Bank.
    A negative amount means that African Bank offers more than Absa.
How to read this table?

You get a 8.5% interest rate at Absa for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 9.94%. Over 5 years you will earn R566,921 less in interest at Absa compared African Bank.