African Bank vs Access Bank Plc

Interest rates compared

Last updated 1st July 2025 by Walter

Introduction

This fixed deposit comparison page compares African Bank interest rates to Access Bank Plc interest rates. All the interest rates shown are sourced from the African Bank and Access Bank Plc 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 Access Bank Plc ?

You are more likely to find better interest rates at African Bank than Access Bank Plc. Specifically, 75 out of 100 interest rates are better at African Bank than Access Bank Plc. This means you are more likely to find a better interest rate at Access Bank Plc 25% 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
Access Bank Plc
9.22%
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 Access Bank Plc, the best interest rate you can get is 9.22% for the 60-month fixed deposit. You will need a minimum deposit of R500 .

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

3 month fixed deposit interest rates compared

African Bank vs Access Bank Plc

This table shows African Bank's and Access Bank Plc'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 Bank1Access Bank Plc1 Winner 2
R100,000 for 18+
7.35%
7.57%
-
-57
R100,000 for 55+
7.35%
7.57%
-
-57
R250,000 for 18+
7.54%
7.57%
-
-18
R250,000 for 55+
7.54%
7.57%
-
-18
R1,000,000 for 18+
7.73%
7.57%
+
401
R1,000,000 for 55+
7.73%
7.57%
+
401
R5,000,000 for 18+
7.73%
7.57%
+
2,007
R5,000,000 for 55+
7.73%
7.57%
+
2,007
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 7.57%. Over 3 months you will earn R2,007 more in interest at African Bank compared Access Bank Plc.

6 month fixed deposit interest rates compared

African Bank vs Access Bank Plc

This table shows African Bank's and Access Bank Plc'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 Bank1Access Bank Plc1 Winner 2
R100,000 for 18+
7.82%
7.90%
-
-38
R100,000 for 55+
7.82%
7.90%
-
-38
R250,000 for 18+
7.91%
7.90%
+
12
R250,000 for 55+
7.91%
7.90%
+
12
R1,000,000 for 18+
7.91%
7.90%
+
48
R1,000,000 for 55+
7.91%
7.90%
+
48
R5,000,000 for 18+
7.91%
7.90%
+
240
R5,000,000 for 55+
7.91%
7.90%
+
240
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 7.90%. Over 6 months you will earn R240 more in interest at African Bank compared Access Bank Plc.

1 year fixed deposit interest rates compared

African Bank vs Access Bank Plc

This table shows African Bank's and Access Bank Plc'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 Bank1Access Bank Plc1 Winner 2
R100,000 for 18+
8.19%
8.34%
-
-170
R100,000 for 55+
8.19%
8.34%
-
-170
R250,000 for 18+
8.28%
8.34%
-
-175
R250,000 for 55+
8.28%
8.34%
-
-175
R1,000,000 for 18+
8.38%
8.34%
+
400
R1,000,000 for 55+
8.38%
8.34%
+
400
R5,000,000 for 18+
8.38%
8.34%
+
2,000
R5,000,000 for 55+
8.38%
8.34%
+
2,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 8.34%. Over 12 months you will earn R2,000 more in interest at African Bank compared Access Bank Plc.

2 year fixed deposit interest rates compared

African Bank vs Access Bank Plc

This table shows African Bank's and Access Bank Plc'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 Bank1Access Bank Plc1 Winner 2
R100,000 for 18+
8.33%
8.43%
-
-217
R100,000 for 55+
8.33%
8.43%
-
-217
R250,000 for 18+
8.47%
8.43%
+
272
R250,000 for 55+
8.47%
8.43%
+
272
R1,000,000 for 18+
8.65%
8.43%
+
5,226
R1,000,000 for 55+
8.65%
8.43%
+
5,226
R5,000,000 for 18+
8.65%
8.43%
+
26,131
R5,000,000 for 55+
8.65%
8.43%
+
26,131
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 8.43%. Over 2 years you will earn R26,131 more in interest at African Bank compared Access Bank Plc.

3 year fixed deposit interest rates compared

African Bank vs Access Bank Plc

This table shows African Bank's and Access Bank Plc'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 Bank1Access Bank Plc1 Winner 2
R100,000 for 18+
8.61%
8.52%
+
356
R100,000 for 55+
8.61%
8.52%
+
356
R250,000 for 18+
8.75%
8.52%
+
2,227
R250,000 for 55+
8.75%
8.52%
+
2,227
R1,000,000 for 18+
8.75%
8.52%
+
8,908
R1,000,000 for 55+
8.75%
8.52%
+
8,908
R5,000,000 for 18+
8.75%
8.52%
+
44,542
R5,000,000 for 55+
8.75%
8.52%
+
44,542
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 8.52%. Over 3 years you will earn R44,542 more in interest at African Bank compared Access Bank Plc.

5 year fixed deposit interest rates compared

African Bank vs Access Bank Plc

This table shows African Bank's and Access Bank Plc'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 Bank1Access Bank Plc1 Winner 2
R100,000 for 18+
9.34%
9.22%
+
941
R100,000 for 55+
9.34%
9.22%
+
941
R250,000 for 18+
9.57%
9.22%
+
6,907
R250,000 for 55+
9.57%
9.22%
+
6,907
R1,000,000 for 18+
9.94%
9.22%
+
57,865
R1,000,000 for 55+
9.94%
9.22%
+
57,865
R5,000,000 for 18+
9.94%
9.22%
+
289,325
R5,000,000 for 55+
9.94%
9.22%
+
289,325
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Access Bank Plc.
    A negative amount means that Access Bank Plc 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). Access Bank Plc's interest rate for the same terms is 9.22%. Over 5 years you will earn R289,325 more in interest at African Bank compared Access Bank Plc.

How do African Bank interest rates compare to other banks?