African Bank vs FNB

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares African Bank interest rates to FNB interest rates. All the interest rates shown are sourced from the African Bank and FNB websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd September 2024.

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

You are more likely to find better interest rates at African Bank than FNB. Specifically, 100 out of 100 interest rates are better at African Bank than FNB. This means you are more likely to find a better interest rate at FNB 0% 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
FNB
9.65%
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 FNB, the best interest rate you can get is 9.65% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 and be over the age of 55.

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

3 month fixed deposit interest rates compared

African Bank vs FNB

This table shows African Bank's and FNB'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 Bank1FNB1 Winner 2
R10,000 for 18+
8.42%
7.55%
+
22
R10,000 for 55+
8.42%
8.05%
+
9
R100,000 for 18+
8.42%
7.55%
+
219
R100,000 for 55+
8.42%
8.05%
+
94
R250,000 for 18+
8.42%
7.60%
+
518
R250,000 for 55+
8.42%
8.10%
+
200
R1,000,000 for 18+
8.42%
7.70%
+
1,812
R1,000,000 for 55+
8.42%
8.20%
+
540
R5,000,000 for 18+
8.42%
7.70%
+
9,062
R5,000,000 for 55+
8.42%
8.20%
+
2,702
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above FNB.
    A negative amount means that FNB 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 3 month fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.20%. Over 3 months you will earn R2,702 more in interest at African Bank compared FNB.

6 month fixed deposit interest rates compared

African Bank vs FNB

This table shows African Bank's and FNB'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 Bank1FNB1 Winner 2
R10,000 for 18+
8.65%
7.70%
+
49
R10,000 for 55+
8.65%
8.40%
+
13
R100,000 for 18+
8.65%
7.70%
+
490
R100,000 for 55+
8.65%
8.40%
+
129
R250,000 for 18+
8.65%
7.75%
+
1,164
R250,000 for 55+
8.65%
8.45%
+
252
R1,000,000 for 18+
8.65%
7.85%
+
4,127
R1,000,000 for 55+
8.65%
8.60%
+
239
R5,000,000 for 18+
8.65%
7.85%
+
20,634
R5,000,000 for 55+
8.65%
8.60%
+
1,197
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above FNB.
    A negative amount means that FNB 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 6 month fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.60%. Over 6 months you will earn R1,197 more in interest at African Bank compared FNB.

1 year fixed deposit interest rates compared

African Bank vs FNB

This table shows African Bank's and FNB'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 Bank1FNB1 Winner 2
R10,000 for 18+
9.11%
8.10%
+
109
R10,000 for 55+
9.11%
8.95%
+
17
R100,000 for 18+
9.11%
8.10%
+
1,090
R100,000 for 55+
9.11%
8.95%
+
170
R250,000 for 18+
9.11%
8.15%
+
2,600
R250,000 for 55+
9.11%
9.00%
+
300
R1,000,000 for 18+
9.11%
8.25%
+
9,300
R1,000,000 for 55+
9.11%
9.10%
+
100
R5,000,000 for 18+
9.11%
8.25%
+
46,500
R5,000,000 for 55+
9.11%
9.10%
+
500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above FNB.
    A negative amount means that FNB 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 1 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 9.10%. Over 12 months you will earn R500 more in interest at African Bank compared FNB.

2 year fixed deposit interest rates compared

African Bank vs FNB

This table shows African Bank's and FNB'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 Bank1FNB1 Winner 2
R10,000 for 18+
9.34%
8.15%
+
281
R10,000 for 55+
9.34%
9.00%
+
81
R100,000 for 18+
9.34%
8.15%
+
2,815
R100,000 for 55+
9.34%
9.00%
+
811
R250,000 for 18+
9.34%
8.20%
+
6,712
R250,000 for 55+
9.34%
9.05%
+
1,753
R1,000,000 for 18+
9.34%
8.30%
+
24,676
R1,000,000 for 55+
9.34%
9.20%
+
3,290
R5,000,000 for 18+
9.34%
8.30%
+
123,379
R5,000,000 for 55+
9.34%
9.20%
+
16,451
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above FNB.
    A negative amount means that FNB offers more than African Bank.
How to read this table?

You get a 9.34% interest rate at African Bank for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 9.20%. Over 2 years you will earn R16,451 more in interest at African Bank compared FNB.

3 year fixed deposit interest rates compared

African Bank vs FNB

This table shows African Bank's and FNB'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 Bank1FNB1 Winner 2
R10,000 for 18+
9.44%
8.25%
+
462
R10,000 for 55+
9.44%
9.05%
+
155
R100,000 for 18+
9.44%
8.25%
+
4,616
R100,000 for 55+
9.44%
9.05%
+
1,551
R250,000 for 18+
9.44%
8.30%
+
11,098
R250,000 for 55+
9.44%
9.10%
+
3,338
R1,000,000 for 18+
9.44%
8.40%
+
40,495
R1,000,000 for 55+
9.44%
9.25%
+
7,589
R5,000,000 for 18+
9.44%
8.40%
+
202,476
R5,000,000 for 55+
9.44%
9.25%
+
37,945
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above FNB.
    A negative amount means that FNB offers more than African Bank.
How to read this table?

You get a 9.44% interest rate at African Bank for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 9.25%. Over 3 years you will earn R37,945 more in interest at African Bank compared FNB.

5 year fixed deposit interest rates compared

African Bank vs FNB

This table shows African Bank's and FNB'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 Bank1FNB1 Winner 2
R10,000 for 18+
9.94%
8.70%
+
979
R10,000 for 55+
9.94%
9.45%
+
397
R100,000 for 18+
9.94%
8.70%
+
9,789
R100,000 for 55+
9.94%
9.45%
+
3,973
R250,000 for 18+
9.94%
8.75%
+
23,586
R250,000 for 55+
9.94%
9.50%
+
9,022
R1,000,000 for 18+
9.94%
8.85%
+
86,534
R1,000,000 for 55+
9.94%
9.65%
+
23,639
R5,000,000 for 18+
9.94%
8.85%
+
432,672
R5,000,000 for 55+
9.94%
9.65%
+
118,197
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above FNB.
    A negative amount means that FNB 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). FNB's interest rate for the same terms is 9.65%. Over 5 years you will earn R118,197 more in interest at African Bank compared FNB.

How do African Bank interest rates compare to other banks?