Absa vs TymeBank

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Absa than TymeBank. Specifically, 83 out of 100 interest rates are better at Absa than TymeBank. This means you are more likely to find a better interest rate at TymeBank 17% 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
TymeBank
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 TymeBank, the best interest rate you can get is 8.65% for the 12-month fixed deposit. You will need a minimum deposit of R1 .

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

3 month fixed deposit interest rates compared

Absa vs TymeBank

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

Investment amount Absa1TymeBank1 Winner 2
R10,000 for 18+
7.85%
6.96%
+
22
R10,000 for 18+
7.60%
6.96%
+
16
R10,000 for 55+
8.10%
6.96%
+
29
R10,000 for 55+
7.90%
6.96%
+
24
R100,000 for 18+
7.85%
6.96%
+
225
R100,000 for 18+
7.60%
6.96%
+
161
R100,000 for 55+
8.10%
6.96%
+
288
R100,000 for 55+
7.90%
6.96%
+
236
R250,000 for 18+
7.85%
6.96%
+
562
R250,000 for 18+
7.60%
6.96%
+
402
R250,000 for 55+
8.10%
6.96%
+
721
R250,000 for 55+
7.90%
6.96%
+
591
R1,000,000 for 18+
7.85%
6.96%
+
2,247
R1,000,000 for 18+
7.60%
6.96%
+
1,610
R1,000,000 for 55+
8.10%
6.96%
+
2,883
R1,000,000 for 55+
7.90%
6.96%
+
2,365
R5,000,000 for 18+
7.85%
6.96%
+
11,235
R5,000,000 for 18+
7.60%
6.96%
+
8,050
R5,000,000 for 55+
8.10%
6.96%
+
14,415
R5,000,000 for 55+
7.90%
6.96%
+
11,824
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above TymeBank.
    A negative amount means that TymeBank 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 3 month fixed deposit (if you are older than 55). TymeBank's interest rate for the same terms is 6.96%. Over 3 months you will earn R11,824 more in interest at Absa compared TymeBank.

6 month fixed deposit interest rates compared

Absa vs TymeBank

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

Investment amount Absa1TymeBank1 Winner 2
R10,000 for 18+
8.40%
7.87%
+
27
R10,000 for 18+
8.35%
7.87%
+
25
R10,000 for 55+
8.45%
7.87%
+
30
R10,000 for 55+
8.40%
7.87%
+
27
R100,000 for 18+
8.40%
7.87%
+
274
R100,000 for 18+
8.35%
7.87%
+
250
R100,000 for 55+
8.45%
7.87%
+
302
R100,000 for 55+
8.40%
7.87%
+
274
R250,000 for 18+
8.40%
7.87%
+
684
R250,000 for 18+
8.35%
7.87%
+
624
R250,000 for 55+
8.45%
7.87%
+
756
R250,000 for 55+
8.40%
7.87%
+
684
R1,000,000 for 18+
8.40%
7.87%
+
2,737
R1,000,000 for 18+
8.35%
7.87%
+
2,497
R1,000,000 for 55+
8.45%
7.87%
+
3,024
R1,000,000 for 55+
8.40%
7.87%
+
2,737
R5,000,000 for 18+
8.40%
7.87%
+
13,684
R5,000,000 for 18+
8.35%
7.87%
+
12,485
R5,000,000 for 55+
8.45%
7.87%
+
15,122
R5,000,000 for 55+
8.40%
7.87%
+
13,684
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above TymeBank.
    A negative amount means that TymeBank offers more than Absa.
How to read this table?

You get a 8.4% interest rate at Absa for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). TymeBank's interest rate for the same terms is 7.87%. Over 6 months you will earn R13,684 more in interest at Absa compared TymeBank.

1 year fixed deposit interest rates compared

Absa vs TymeBank

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

Investment amount Absa1TymeBank1 Winner 2
R10,000 for 18+
8.95%
8.65%
+
33
R10,000 for 18+
8.25%
8.65%
-
-43
R10,000 for 55+
8.85%
8.65%
+
22
R10,000 for 55+
8.30%
8.65%
-
-38
R100,000 for 18+
8.95%
8.65%
+
330
R100,000 for 18+
8.25%
8.65%
-
-430
R100,000 for 55+
8.85%
8.65%
+
220
R100,000 for 55+
8.30%
8.65%
-
-380
R250,000 for 18+
8.95%
8.65%
+
825
R250,000 for 18+
8.25%
8.65%
-
-1,075
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%
8.65%
+
3,300
R1,000,000 for 18+
8.25%
8.65%
-
-4,300
R1,000,000 for 55+
8.85%
8.65%
+
2,200
R1,000,000 for 55+
8.30%
8.65%
-
-3,800
R5,000,000 for 18+
8.95%
8.65%
+
16,500
R5,000,000 for 18+
8.25%
8.65%
-
-21,500
R5,000,000 for 55+
8.85%
8.65%
+
11,000
R5,000,000 for 55+
8.30%
8.65%
-
-19,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Absa over and above TymeBank.
    A negative amount means that TymeBank 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 1 year fixed deposit (if you are older than 55). TymeBank's interest rate for the same terms is 8.65%. Over 12 months you will earn R19,000 less in interest at Absa compared TymeBank.

How do Absa interest rates compare to other banks?