African Bank vs Absa

Interest rates compared

Last updated 1st July 2025 by Walter

Introduction

This fixed deposit comparison page compares African Bank interest rates to Absa interest rates. All the interest rates shown are sourced from the African Bank and Absa websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 4th July 2025.

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

You are more likely to find better interest rates at African Bank than Absa. Specifically, 98 out of 100 interest rates are better at African Bank than Absa. This means you are more likely to find a better interest rate at Absa 2% 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)

African Bank
9.94%
best rate
Absa
8.30%
best rate

The best interest rate you can get at African Bank is 9.94% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 . Whilst at Absa, the best interest rate you can get is 8.3% for the 60-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 55.

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

3 month fixed deposit interest rates compared

African Bank vs Absa

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

Investment amount African Bank1Absa1 Winner 2
R100,000 for 18+
7.35%
7.30%
+
12
R100,000 for 55+
7.35%
7.45%
-
-26
R250,000 for 18+
7.54%
7.30%
+
154
R250,000 for 55+
7.54%
7.45%
+
59
R1,000,000 for 18+
7.73%
7.30%
+
1,087
R1,000,000 for 55+
7.73%
7.45%
+
709
R5,000,000 for 18+
7.73%
7.30%
+
5,436
R5,000,000 for 55+
7.73%
7.45%
+
3,543
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Absa.
    A negative amount means that Absa offers more than African Bank.
How to read this table?

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

6 month fixed deposit interest rates compared

African Bank vs Absa

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

Investment amount African Bank1Absa1 Winner 2
R100,000 for 18+
7.82%
7.65%
+
91
R100,000 for 55+
7.82%
7.70%
+
63
R250,000 for 18+
7.91%
7.65%
+
337
R250,000 for 55+
7.91%
7.70%
+
265
R1,000,000 for 18+
7.91%
7.65%
+
1,347
R1,000,000 for 55+
7.91%
7.70%
+
1,058
R5,000,000 for 18+
7.91%
7.65%
+
6,734
R5,000,000 for 55+
7.91%
7.70%
+
5,290
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Absa.
    A negative amount means that Absa offers more than African Bank.
How to read this table?

You get a 7.91% interest rate at African Bank for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.70%. Over 6 months you will earn R5,290 more in interest at African Bank compared Absa.

1 year fixed deposit interest rates compared

African Bank vs Absa

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

Investment amount African Bank1Absa1 Winner 2
R100,000 for 18+
8.19%
7.55%
+
680
R100,000 for 55+
8.19%
7.60%
+
630
R250,000 for 18+
8.28%
7.55%
+
1,950
R250,000 for 55+
8.28%
7.60%
+
1,825
R1,000,000 for 18+
8.38%
7.55%
+
8,900
R1,000,000 for 55+
8.38%
7.60%
+
8,400
R5,000,000 for 18+
8.38%
7.55%
+
44,500
R5,000,000 for 55+
8.38%
7.60%
+
42,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Absa.
    A negative amount means that Absa offers more than African Bank.
How to read this table?

You get a 8.38% interest rate at African Bank for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.60%. Over 12 months you will earn R42,000 more in interest at African Bank compared Absa.

2 year fixed deposit interest rates compared

African Bank vs Absa

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

Investment amount African Bank1Absa1 Winner 2
R100,000 for 18+
8.33%
7.55%
+
1,818
R100,000 for 55+
8.33%
7.60%
+
1,711
R250,000 for 18+
8.47%
7.55%
+
5,362
R250,000 for 55+
8.47%
7.60%
+
5,092
R1,000,000 for 18+
8.65%
7.55%
+
25,585
R1,000,000 for 55+
8.65%
7.60%
+
24,506
R5,000,000 for 18+
8.65%
7.55%
+
127,924
R5,000,000 for 55+
8.65%
7.60%
+
122,532
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Absa.
    A negative amount means that Absa offers more than African Bank.
How to read this table?

You get a 8.65% interest rate at African Bank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.60%. Over 2 years you will earn R122,532 more in interest at African Bank compared Absa.

3 year fixed deposit interest rates compared

African Bank vs Absa

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

Investment amount African Bank1Absa1 Winner 2
R100,000 for 18+
8.61%
7.75%
+
3,284
R100,000 for 55+
8.61%
7.95%
+
2,512
R250,000 for 18+
8.75%
7.75%
+
9,548
R250,000 for 55+
8.75%
7.95%
+
7,618
R1,000,000 for 18+
8.75%
7.75%
+
38,192
R1,000,000 for 55+
8.75%
7.95%
+
30,473
R5,000,000 for 18+
8.75%
7.75%
+
190,958
R5,000,000 for 55+
8.75%
7.95%
+
152,367
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Absa.
    A negative amount means that Absa offers more than African Bank.
How to read this table?

You get a 8.75% interest rate at African Bank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 7.95%. Over 3 years you will earn R152,367 more in interest at African Bank compared Absa.

5 year fixed deposit interest rates compared

African Bank vs Absa

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

Investment amount African Bank1Absa1 Winner 2
R100,000 for 18+
9.34%
8.25%
+
8,378
R100,000 for 55+
9.34%
8.30%
+
8,030
R250,000 for 18+
9.57%
8.25%
+
25,499
R250,000 for 55+
9.57%
8.30%
+
24,630
R1,000,000 for 18+
9.94%
8.25%
+
132,235
R1,000,000 for 55+
9.94%
8.30%
+
128,758
R5,000,000 for 18+
9.94%
8.25%
+
661,176
R5,000,000 for 55+
9.94%
8.30%
+
643,792
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Absa.
    A negative amount means that Absa offers more than African Bank.
How to read this table?

You get a 9.94% interest rate at African Bank for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.30%. Over 5 years you will earn R643,792 more in interest at African Bank compared Absa.

How do African Bank interest rates compare to other banks?