Absa vs Fedgroup

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

This fixed deposit comparison page compares Absa interest rates to Fedgroup interest rates. All the interest rates shown are sourced from the Absa and Fedgroup 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 Fedgroup ?

You are more likely to find better interest rates at Fedgroup than Absa. Specifically, 0 out of 100 interest rates are better at Absa than Fedgroup. This means you are more likely to find a better interest rate at Fedgroup 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
8.95%
best rate
Fedgroup
9.30%
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 Fedgroup, the best interest rate you can get is 9.3% for the 60-month fixed deposit. You will need a minimum deposit of R5,000 .

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

5 year fixed deposit interest rates compared

Absa vs Fedgroup

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

Investment amount Absa1Fedgroup1 Winner 2
R10,000 for 18+
8.65%
9.30%
-
-508
R10,000 for 18+
8.60%
9.30%
-
-543
R10,000 for 55+
8.70%
9.30%
-
-465
R10,000 for 55+
8.65%
9.30%
-
-508
R100,000 for 18+
8.65%
9.30%
-
-5,077
R100,000 for 18+
8.60%
9.30%
-
-5,429
R100,000 for 55+
8.70%
9.30%
-
-4,653
R100,000 for 55+
8.65%
9.30%
-
-5,077
R250,000 for 18+
8.65%
9.30%
-
-12,692
R250,000 for 18+
8.60%
9.30%
-
-13,573
R250,000 for 55+
8.70%
9.30%
-
-11,632
R250,000 for 55+
8.65%
9.30%
-
-12,692
R1,000,000 for 18+
8.65%
9.30%
-
-50,768
R1,000,000 for 18+
8.60%
9.30%
-
-54,294
R1,000,000 for 55+
8.70%
9.30%
-
-46,529
R1,000,000 for 55+
8.65%
9.30%
-
-50,768
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above Fedgroup.
    A negative amount means that Fedgroup offers more than Absa.
How to read this table?

You get a 8.65% interest rate at Absa for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Fedgroup's interest rate for the same terms is 9.30%. Over 5 years you will earn R50,768 less in interest at Absa compared Fedgroup.

How do Absa interest rates compare to other banks?