African Bank vs Access Bank Plc

Interest rates compared

Last updated 1st November 2024 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 1st November 2024.

How do African Bank fixed deposit interest rates compare to Access Bank Plc ?

You are more likely to find better interest rates at Access Bank Plc than African Bank. Specifically, 17 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 83% 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
9.67%
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 R500 . Whilst at Access Bank Plc, the best interest rate you can get is 9.67% 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
R10,000 for 18+
8.19%
8.21%
-
-1
R10,000 for 55+
8.19%
8.21%
-
-1
R100,000 for 18+
8.19%
8.21%
-
-7
R100,000 for 55+
8.19%
8.21%
-
-7
R250,000 for 18+
8.19%
8.21%
-
-18
R250,000 for 55+
8.19%
8.21%
-
-18
R1,000,000 for 18+
8.19%
8.21%
-
-71
R1,000,000 for 55+
8.19%
8.21%
-
-71
R5,000,000 for 18+
8.19%
8.21%
-
-353
R5,000,000 for 55+
8.19%
8.21%
-
-353
  • 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 8.19% 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 8.21%. Over 3 months you will earn R353 less 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
R10,000 for 18+
8.42%
8.54%
-
-6
R10,000 for 55+
8.42%
8.54%
-
-6
R100,000 for 18+
8.42%
8.54%
-
-62
R100,000 for 55+
8.42%
8.54%
-
-62
R250,000 for 18+
8.42%
8.54%
-
-156
R250,000 for 55+
8.42%
8.54%
-
-156
R1,000,000 for 18+
8.42%
8.54%
-
-623
R1,000,000 for 55+
8.42%
8.54%
-
-623
R5,000,000 for 18+
8.42%
8.54%
-
-3,116
R5,000,000 for 55+
8.42%
8.54%
-
-3,116
  • 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 8.42% 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 8.54%. Over 6 months you will earn R3,116 less 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
R10,000 for 18+
8.88%
8.98%
-
-11
R10,000 for 55+
8.88%
8.98%
-
-11
R100,000 for 18+
8.88%
8.98%
-
-110
R100,000 for 55+
8.88%
8.98%
-
-110
R250,000 for 18+
8.88%
8.98%
-
-275
R250,000 for 55+
8.88%
8.98%
-
-275
R1,000,000 for 18+
8.88%
8.98%
-
-1,100
R1,000,000 for 55+
8.88%
8.98%
-
-1,100
R5,000,000 for 18+
8.88%
8.98%
-
-5,500
R5,000,000 for 55+
8.88%
8.98%
-
-5,500
  • 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 8.88% 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 8.98%. Over 12 months you will earn R5,500 less 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
R10,000 for 18+
9.11%
9.12%
-
-2
R10,000 for 55+
9.11%
9.12%
-
-2
R100,000 for 18+
9.11%
9.12%
-
-22
R100,000 for 55+
9.11%
9.12%
-
-22
R250,000 for 18+
9.11%
9.12%
-
-55
R250,000 for 55+
9.11%
9.12%
-
-55
R1,000,000 for 18+
9.11%
9.12%
-
-219
R1,000,000 for 55+
9.11%
9.12%
-
-219
R5,000,000 for 18+
9.11%
9.12%
-
-1,095
R5,000,000 for 55+
9.11%
9.12%
-
-1,095
  • 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 9.11% 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 9.12%. Over 2 years you will earn R1,095 less 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
R10,000 for 18+
9.21%
9.26%
-
-18
R10,000 for 55+
9.21%
9.26%
-
-18
R100,000 for 18+
9.21%
9.26%
-
-180
R100,000 for 55+
9.21%
9.26%
-
-180
R250,000 for 18+
9.21%
9.26%
-
-451
R250,000 for 55+
9.21%
9.26%
-
-451
R1,000,000 for 18+
9.21%
9.26%
-
-1,803
R1,000,000 for 55+
9.21%
9.26%
-
-1,803
R5,000,000 for 18+
9.21%
9.26%
-
-9,015
R5,000,000 for 55+
9.21%
9.26%
-
-9,015
  • 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 9.21% 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 9.26%. Over 3 years you will earn R9,015 less 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
R10,000 for 18+
9.94%
9.67%
+
222
R10,000 for 55+
9.94%
9.67%
+
222
R100,000 for 18+
9.94%
9.67%
+
2,217
R100,000 for 55+
9.94%
9.67%
+
2,217
R250,000 for 18+
9.94%
9.67%
+
5,542
R250,000 for 55+
9.94%
9.67%
+
5,542
R1,000,000 for 18+
9.94%
9.67%
+
22,170
R1,000,000 for 55+
9.94%
9.67%
+
22,170
R5,000,000 for 18+
9.94%
9.67%
+
110,850
R5,000,000 for 55+
9.94%
9.67%
+
110,850
  • 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 9.67%. Over 5 years you will earn R110,850 more in interest at African Bank compared Access Bank Plc.