African Bank
vs
Absa
Interest rates compared
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 1st May 2026.
How do African Bank fixed deposit interest rates compare to Absa ?
You are more likely to find better interest rates at Absa than African Bank. Specifically, 42 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 58% 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)
The best interest rate you can get at African Bank is 8.47% 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 8.05% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .
But how do interest rates at African Bank compare to Absa across different terms and investment amounts?
3 month fixed deposit interest rates compared
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 Bank1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.51% | 6.20% | + 8 |
| R100,000 for 18+ | 6.51% | 6.25% | + 66 |
| R250,000 for 18+ | 6.65% | 6.25% | + 253 |
| R1,000,000 for 18+ | 6.79% | 6.35% | + 1,112 |
- 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.
You get a 6.79% interest rate at African Bank for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 6.35%. Over 3 months you will earn R1,112 more in interest at African Bank compared Absa.
6 month fixed deposit interest rates compared
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 Bank1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.93% | 6.80% | + 7 |
| R100,000 for 18+ | 7.02% | 7.10% | - -41 |
| R250,000 for 18+ | 7.02% | 7.10% | - -103 |
| R1,000,000 for 18+ | 7.17% | 7.10% | + 361 |
- 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.
You get a 7.17% interest rate at African Bank for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.10%. Over 6 months you will earn R361 more in interest at African Bank compared Absa.
1 year fixed deposit interest rates compared
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 Bank1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.07% | 7.20% | - -14 |
| R100,000 for 18+ | 7.17% | 7.30% | - -139 |
| R250,000 for 18+ | 7.26% | 7.30% | - -107 |
| R1,000,000 for 18+ | 7.26% | 7.30% | - -428 |
- 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.
You get a 7.26% interest rate at African Bank for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.30%. Over 12 months you will earn R428 less in interest at African Bank compared Absa.
2 year fixed deposit interest rates compared
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 Bank1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 6.93% | 7.50% | - -131 |
| R100,000 for 18+ | 7.12% | 7.50% | - -874 |
| R250,000 for 18+ | 7.26% | 7.50% | - -1,382 |
| R1,000,000 for 18+ | 7.40% | 7.60% | - -4,616 |
- 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.
You get a 7.4% interest rate at African Bank for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.60%. Over 2 years you will earn R4,616 less in interest at African Bank compared Absa.
3 year fixed deposit interest rates compared
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 Bank1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 7.02% | 7.50% | - -178 |
| R100,000 for 18+ | 7.26% | 7.60% | - -1,266 |
| R250,000 for 18+ | 7.49% | 7.60% | - -1,027 |
| R1,000,000 for 18+ | 7.73% | 7.80% | - -2,632 |
- 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.
You get a 7.73% interest rate at African Bank for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 7.80%. Over 3 years you will earn R2,632 less in interest at African Bank compared Absa.
5 year fixed deposit interest rates compared
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 Bank1 | Absa1 | Winner 2 |
|---|---|---|---|
| R10,000 for 18+ | 8.05% | 7.70% | + 257 |
| R100,000 for 18+ | 8.43% | 7.90% | + 3,954 |
| R250,000 for 18+ | 8.45% | 7.90% | + 10,262 |
| R1,000,000 for 18+ | 8.47% | 8.05% | + 31,477 |
- 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.
You get a 8.47% interest rate at African Bank for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Absa's interest rate for the same terms is 8.05%. Over 5 years you will earn R31,477 more in interest at African Bank compared Absa.
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