Absa vs Bidvest

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

This fixed deposit comparison page compares Absa interest rates to Bidvest interest rates. All the interest rates shown are sourced from the Absa and Bidvest websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 1st November 2024.

How do Absa fixed deposit interest rates compare to Bidvest ?

You are more likely to find better interest rates at Bidvest than Absa. Specifically, 17 out of 100 interest rates are better at Absa than Bidvest. This means you are more likely to find a better interest rate at Bidvest 83% 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
8.95%
best rate
Bidvest
8.65%
best rate

The best interest rate you can get at Absa is 8.95% for the 12-month fixed deposit. You will need a minimum deposit of R1,000 . Whilst at Bidvest, the best interest rate you can get is 8.65% for the 12-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55.

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

3 month fixed deposit interest rates compared

Absa vs Bidvest

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

Investment amount Absa1Bidvest1 Winner 2
R10,000 for 18+
7.85%
8.24%
-
-10
R10,000 for 18+
7.60%
8.24%
-
-16
R10,000 for 55+
8.10%
8.24%
-
-4
R10,000 for 55+
7.90%
8.24%
-
-9
R100,000 for 18+
7.85%
8.24%
-
-99
R100,000 for 18+
7.60%
8.24%
-
-163
R100,000 for 55+
8.10%
8.24%
-
-35
R100,000 for 55+
7.90%
8.24%
-
-87
R250,000 for 18+
7.85%
8.24%
-
-247
R250,000 for 18+
7.60%
8.24%
-
-406
R250,000 for 55+
8.10%
8.24%
-
-88
R250,000 for 55+
7.90%
8.24%
-
-218
R1,000,000 for 18+
7.85%
8.24%
-
-989
R1,000,000 for 18+
7.60%
8.24%
-
-1,626
R1,000,000 for 55+
8.10%
8.24%
-
-353
R1,000,000 for 55+
7.90%
8.24%
-
-871
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Bidvest.
    A negative amount means that Bidvest offers more than Absa.
How to read this table?

You get a 7.9% interest rate at Absa for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). Bidvest's interest rate for the same terms is 8.24%. Over 3 months you will earn R871 less in interest at Absa compared Bidvest.

6 month fixed deposit interest rates compared

Absa vs Bidvest

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

Investment amount Absa1Bidvest1 Winner 2
R10,000 for 18+
8.40%
8.45%
-
-3
R10,000 for 18+
8.35%
8.45%
-
-5
R10,000 for 55+
8.45%
8.45%
-
0
R10,000 for 55+
8.40%
8.45%
-
-3
R100,000 for 18+
8.40%
8.45%
-
-29
R100,000 for 18+
8.35%
8.45%
-
-53
R100,000 for 55+
8.45%
8.45%
-
0
R100,000 for 55+
8.40%
8.45%
-
-29
R250,000 for 18+
8.40%
8.45%
-
-72
R250,000 for 18+
8.35%
8.45%
-
-132
R250,000 for 55+
8.45%
8.45%
-
0
R250,000 for 55+
8.40%
8.45%
-
-72
R1,000,000 for 18+
8.40%
8.45%
-
-288
R1,000,000 for 18+
8.35%
8.45%
-
-527
R1,000,000 for 55+
8.45%
8.45%
-
0
R1,000,000 for 55+
8.40%
8.45%
-
-288
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Bidvest.
    A negative amount means that Bidvest offers more than Absa.
How to read this table?

You get a 8.4% interest rate at Absa for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Bidvest's interest rate for the same terms is 8.45%. Over 6 months you will earn R288 less in interest at Absa compared Bidvest.

1 year fixed deposit interest rates compared

Absa vs Bidvest

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

Investment amount Absa1Bidvest1 Winner 2
R10,000 for 18+
8.95%
8.60%
+
38
R10,000 for 18+
8.25%
8.60%
-
-38
R10,000 for 55+
8.85%
8.65%
+
22
R10,000 for 55+
8.30%
8.65%
-
-38
R100,000 for 18+
8.95%
8.60%
+
380
R100,000 for 18+
8.25%
8.60%
-
-380
R100,000 for 55+
8.85%
8.65%
+
220
R100,000 for 55+
8.30%
8.65%
-
-380
R250,000 for 18+
8.95%
8.60%
+
950
R250,000 for 18+
8.25%
8.60%
-
-950
R250,000 for 55+
8.85%
8.65%
+
550
R250,000 for 55+
8.30%
8.65%
-
-950
R1,000,000 for 18+
8.95%
8.60%
+
3,800
R1,000,000 for 18+
8.25%
8.60%
-
-3,800
R1,000,000 for 55+
8.85%
8.65%
+
2,200
R1,000,000 for 55+
8.30%
8.65%
-
-3,800
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Bidvest.
    A negative amount means that Bidvest offers more than Absa.
How to read this table?

You get a 8.3% interest rate at Absa for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Bidvest's interest rate for the same terms is 8.65%. Over 12 months you will earn R3,800 less in interest at Absa compared Bidvest.

How do Absa interest rates compare to other banks?