African Bank vs FNB

Interest rates compared

Last updated 1st November 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 1st November 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
8.60%
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 8.6% 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 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+
8.19%
7.30%
+
22
R10,000 for 55+
8.19%
7.30%
+
22
R100,000 for 18+
8.19%
7.30%
+
224
R100,000 for 55+
8.19%
7.30%
+
224
R250,000 for 18+
8.19%
7.40%
+
495
R250,000 for 55+
8.19%
7.40%
+
495
R1,000,000 for 18+
8.19%
7.60%
+
1,485
R1,000,000 for 55+
8.19%
7.60%
+
1,485
R5,000,000 for 18+
8.19%
7.60%
+
7,424
R5,000,000 for 55+
8.19%
7.60%
+
7,424
  • 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 8.19% 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 7.60%. Over 3 months you will earn R7,424 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+
8.42%
7.45%
+
50
R10,000 for 55+
8.42%
7.45%
+
50
R100,000 for 18+
8.42%
7.45%
+
500
R100,000 for 55+
8.42%
7.45%
+
500
R250,000 for 18+
8.42%
7.55%
+
1,117
R250,000 for 55+
8.42%
7.55%
+
1,117
R1,000,000 for 18+
8.42%
7.75%
+
3,458
R1,000,000 for 55+
8.42%
7.75%
+
3,458
R5,000,000 for 18+
8.42%
7.75%
+
17,289
R5,000,000 for 55+
8.42%
7.75%
+
17,289
  • 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 6 month fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 7.75%. Over 6 months you will earn R17,289 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+
8.88%
7.95%
+
100
R10,000 for 55+
8.88%
7.95%
+
100
R100,000 for 18+
8.88%
7.95%
+
1,000
R100,000 for 55+
8.88%
7.95%
+
1,000
R250,000 for 18+
8.88%
8.05%
+
2,250
R250,000 for 55+
8.88%
8.05%
+
2,250
R1,000,000 for 18+
8.88%
8.25%
+
6,800
R1,000,000 for 55+
8.88%
8.25%
+
6,800
R5,000,000 for 18+
8.88%
8.25%
+
34,000
R5,000,000 for 55+
8.88%
8.25%
+
34,000
  • 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 8.88% 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 8.25%. Over 12 months you will earn R34,000 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+
9.11%
7.90%
+
285
R10,000 for 55+
9.11%
7.90%
+
285
R100,000 for 18+
9.11%
7.90%
+
2,852
R100,000 for 55+
9.11%
7.90%
+
2,852
R250,000 for 18+
9.11%
8.00%
+
6,534
R250,000 for 55+
9.11%
8.00%
+
6,534
R1,000,000 for 18+
9.11%
8.20%
+
21,366
R1,000,000 for 55+
9.11%
8.20%
+
21,366
R5,000,000 for 18+
9.11%
8.20%
+
106,830
R5,000,000 for 55+
9.11%
8.20%
+
106,830
  • 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 2 year fixed deposit (if you are older than 55). FNB's interest rate for the same terms is 8.20%. Over 2 years you will earn R106,830 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+
9.21%
7.90%
+
505
R10,000 for 55+
9.21%
7.90%
+
505
R100,000 for 18+
9.21%
7.90%
+
5,052
R100,000 for 55+
9.21%
7.90%
+
5,052
R250,000 for 18+
9.21%
8.00%
+
11,664
R250,000 for 55+
9.21%
8.00%
+
11,664
R1,000,000 for 18+
9.21%
8.20%
+
38,898
R1,000,000 for 55+
9.21%
8.20%
+
38,898
R5,000,000 for 18+
9.21%
8.20%
+
194,488
R5,000,000 for 55+
9.21%
8.20%
+
194,488
  • 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 9.21% 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 8.20%. Over 3 years you will earn R194,488 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%
8.30%
+
1,288
R10,000 for 55+
9.94%
8.30%
+
1,288
R100,000 for 18+
9.94%
8.30%
+
12,876
R100,000 for 55+
9.94%
8.30%
+
12,876
R250,000 for 18+
9.94%
8.40%
+
30,272
R250,000 for 55+
9.94%
8.40%
+
30,272
R1,000,000 for 18+
9.94%
8.60%
+
105,650
R1,000,000 for 55+
9.94%
8.60%
+
105,650
R5,000,000 for 18+
9.94%
8.60%
+
528,252
R5,000,000 for 55+
9.94%
8.60%
+
528,252
  • 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 8.60%. Over 5 years you will earn R528,252 more in interest at African Bank compared FNB.