African Bank vs Investec

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

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

You are more likely to find better interest rates at African Bank than Investec. Specifically, 100 out of 100 interest rates are better at African Bank than Investec. This means you are more likely to find a better interest rate at Investec 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
Investec
9.10%
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 Investec, the best interest rate you can get is 9.1% for the 12-month fixed deposit. You will need a minimum deposit of R100,000 and be over the age of 55.

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

6 month fixed deposit interest rates compared

African Bank vs Investec

This table shows African Bank's and Investec'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 Bank1Investec1 Winner 2
R100,000 for 18+
8.65%
8.26%
+
201
R100,000 for 55+
8.65%
8.41%
+
125
R250,000 for 18+
8.65%
8.26%
+
503
R250,000 for 55+
8.65%
8.41%
+
311
R1,000,000 for 18+
8.65%
8.26%
+
2,013
R1,000,000 for 55+
8.65%
8.41%
+
1,246
R5,000,000 for 18+
8.65%
8.26%
+
10,067
R5,000,000 for 55+
8.65%
8.41%
+
6,230
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 8.41%. Over 6 months you will earn R6,230 more in interest at African Bank compared Investec.

1 year fixed deposit interest rates compared

African Bank vs Investec

This table shows African Bank's and Investec'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 Bank1Investec1 Winner 2
R100,000 for 18+
9.11%
8.95%
+
170
R100,000 for 55+
9.11%
9.10%
+
10
R250,000 for 18+
9.11%
8.95%
+
425
R250,000 for 55+
9.11%
9.10%
+
25
R1,000,000 for 18+
9.11%
8.95%
+
1,700
R1,000,000 for 55+
9.11%
9.10%
+
100
R5,000,000 for 18+
9.11%
8.95%
+
8,500
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 Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 9.10%. Over 12 months you will earn R500 more in interest at African Bank compared Investec.

2 year fixed deposit interest rates compared

African Bank vs Investec

This table shows African Bank's and Investec'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 Bank1Investec1 Winner 2
R100,000 for 18+
9.34%
8.16%
+
2,793
R100,000 for 55+
9.34%
8.31%
+
2,446
R250,000 for 18+
9.34%
8.16%
+
6,983
R250,000 for 55+
9.34%
8.31%
+
6,115
R1,000,000 for 18+
9.34%
8.16%
+
27,932
R1,000,000 for 55+
9.34%
8.31%
+
24,459
R5,000,000 for 18+
9.34%
8.16%
+
139,661
R5,000,000 for 55+
9.34%
8.31%
+
122,293
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 8.31%. Over 2 years you will earn R122,293 more in interest at African Bank compared Investec.

5 year fixed deposit interest rates compared

African Bank vs Investec

This table shows African Bank's and Investec'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 Bank1Investec1 Winner 2
R100,000 for 18+
9.94%
8.61%
+
10,495
R100,000 for 55+
9.94%
8.91%
+
8,226
R250,000 for 18+
9.94%
8.61%
+
26,236
R250,000 for 55+
9.94%
8.91%
+
20,565
R1,000,000 for 18+
9.94%
8.61%
+
104,946
R1,000,000 for 55+
9.94%
8.91%
+
82,261
R5,000,000 for 18+
9.94%
8.61%
+
524,729
R5,000,000 for 55+
9.94%
8.91%
+
411,304
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Investec.
    A negative amount means that Investec 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). Investec's interest rate for the same terms is 8.91%. Over 5 years you will earn R411,304 more in interest at African Bank compared Investec.

How do African Bank interest rates compare to other banks?