African Bank vs Sasfin

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Sasfin than African Bank. Specifically, 25 out of 100 interest rates are better at African Bank than Sasfin. This means you are more likely to find a better interest rate at Sasfin 75% 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
Sasfin
10.00%
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 Sasfin, the best interest rate you can get is 10% for the 60-month fixed deposit. You will need a minimum deposit of R20,000 .

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

6 month fixed deposit interest rates compared

African Bank vs Sasfin

This table shows African Bank's and Sasfin'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 Bank1Sasfin1 Winner 2
R100,000 for 18+
8.42%
8.35%
+
34
R100,000 for 55+
8.42%
8.35%
+
34
R250,000 for 18+
8.42%
8.35%
+
84
R250,000 for 55+
8.42%
8.35%
+
84
R1,000,000 for 18+
8.42%
8.35%
+
336
R1,000,000 for 55+
8.42%
8.35%
+
336
R5,000,000 for 18+
8.42%
8.35%
+
1,678
R5,000,000 for 55+
8.42%
8.35%
+
1,678
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 8.35%. Over 6 months you will earn R1,678 more in interest at African Bank compared Sasfin.

1 year fixed deposit interest rates compared

African Bank vs Sasfin

This table shows African Bank's and Sasfin'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 Bank1Sasfin1 Winner 2
R100,000 for 18+
8.88%
9.06%
-
-200
R100,000 for 55+
8.88%
9.06%
-
-200
R250,000 for 18+
8.88%
9.06%
-
-500
R250,000 for 55+
8.88%
9.06%
-
-500
R1,000,000 for 18+
8.88%
9.06%
-
-2,000
R1,000,000 for 55+
8.88%
9.06%
-
-2,000
R5,000,000 for 18+
8.88%
9.06%
-
-10,000
R5,000,000 for 55+
8.88%
9.06%
-
-10,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 9.06%. Over 12 months you will earn R10,000 less in interest at African Bank compared Sasfin.

3 year fixed deposit interest rates compared

African Bank vs Sasfin

This table shows African Bank's and Sasfin'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 Bank1Sasfin1 Winner 2
R100,000 for 18+
9.21%
9.70%
-
-1,920
R100,000 for 55+
9.21%
9.70%
-
-1,920
R250,000 for 18+
9.21%
9.70%
-
-4,799
R250,000 for 55+
9.21%
9.70%
-
-4,799
R1,000,000 for 18+
9.21%
9.70%
-
-19,195
R1,000,000 for 55+
9.21%
9.70%
-
-19,195
R5,000,000 for 18+
9.21%
9.70%
-
-95,977
R5,000,000 for 55+
9.21%
9.70%
-
-95,977
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 9.70%. Over 3 years you will earn R95,977 less in interest at African Bank compared Sasfin.

5 year fixed deposit interest rates compared

African Bank vs Sasfin

This table shows African Bank's and Sasfin'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 Bank1Sasfin1 Winner 2
R100,000 for 18+
9.94%
10.00%
-
-446
R100,000 for 55+
9.94%
10.00%
-
-446
R250,000 for 18+
9.94%
10.00%
-
-1,116
R250,000 for 55+
9.94%
10.00%
-
-1,116
R1,000,000 for 18+
9.94%
10.00%
-
-4,463
R1,000,000 for 55+
9.94%
10.00%
-
-4,463
R5,000,000 for 18+
9.94%
10.00%
-
-22,315
R5,000,000 for 55+
9.94%
10.00%
-
-22,315
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Sasfin.
    A negative amount means that Sasfin 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). Sasfin's interest rate for the same terms is 10.00%. Over 5 years you will earn R22,315 less in interest at African Bank compared Sasfin.

How do African Bank interest rates compare to other banks?