African Bank vs Investec

Interest rates compared

Last updated 1st November 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 1st November 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
8.90%
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 8.9% for the 60-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?

3 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 3 month fixed deposit.

Investment amount African Bank1Investec1 Winner 2
R100,000 for 18+
8.19%
7.37%
+
208
R250,000 for 18+
8.19%
7.57%
+
389
R1,000,000 for 18+
8.19%
7.82%
+
918
R5,000,000 for 18+
8.19%
7.82%
+
4,592
  • 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 8.19% interest rate at African Bank for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 18). Investec's interest rate for the same terms is 7.82%. Over 3 months you will earn R4,592 more in interest at African Bank compared Investec.

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+
8.42%
7.94%
+
245
R100,000 for 55+
8.42%
8.09%
+
168
R250,000 for 18+
8.42%
7.94%
+
612
R250,000 for 55+
8.42%
8.09%
+
420
R1,000,000 for 18+
8.42%
7.94%
+
2,448
R1,000,000 for 55+
8.42%
8.09%
+
1,679
R5,000,000 for 18+
8.42%
7.94%
+
12,241
R5,000,000 for 55+
8.42%
8.09%
+
8,397
  • 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 8.42% 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 8.09%. Over 6 months you will earn R8,397 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+
8.88%
8.65%
+
250
R100,000 for 55+
8.88%
8.75%
+
140
R250,000 for 18+
8.88%
8.65%
+
625
R250,000 for 55+
8.88%
8.75%
+
350
R1,000,000 for 18+
8.88%
8.65%
+
2,500
R1,000,000 for 55+
8.88%
8.75%
+
1,400
R5,000,000 for 18+
8.88%
8.65%
+
12,500
R5,000,000 for 55+
8.88%
8.75%
+
7,000
  • 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 8.88% 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 8.75%. Over 12 months you will earn R7,000 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+
9.11%
8.14%
+
2,288
R100,000 for 55+
9.11%
8.29%
+
1,941
R250,000 for 18+
9.11%
8.14%
+
5,721
R250,000 for 55+
9.11%
8.29%
+
4,853
R1,000,000 for 18+
9.11%
8.14%
+
22,885
R1,000,000 for 55+
9.11%
8.29%
+
19,412
R5,000,000 for 18+
9.11%
8.14%
+
114,424
R5,000,000 for 55+
9.11%
8.29%
+
97,059
  • 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 2 year fixed deposit (if you are older than 55). Investec's interest rate for the same terms is 8.29%. Over 2 years you will earn R97,059 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%
8.75%
+
9,435
R100,000 for 55+
9.94%
8.90%
+
8,297
R250,000 for 18+
9.94%
8.75%
+
23,586
R250,000 for 55+
9.94%
8.90%
+
20,743
R1,000,000 for 18+
9.94%
8.75%
+
94,345
R1,000,000 for 55+
9.94%
8.90%
+
82,974
R5,000,000 for 18+
9.94%
8.75%
+
471,726
R5,000,000 for 55+
9.94%
8.90%
+
414,868
  • 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 8.90%. Over 5 years you will earn R414,868 more in interest at African Bank compared Investec.

How do African Bank interest rates compare to other banks?