African Bank vs Sasfin

Interest rates compared

Last updated 2nd September 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 2nd September 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, 0 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 100% 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
10.25%
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 10.25% 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+
8.65%
8.66%
-
-5
R100,000 for 55+
8.65%
8.66%
-
-5
R250,000 for 18+
8.65%
8.66%
-
-12
R250,000 for 55+
8.65%
8.66%
-
-12
R1,000,000 for 18+
8.65%
8.66%
-
-48
R1,000,000 for 55+
8.65%
8.66%
-
-48
R5,000,000 for 18+
8.65%
8.66%
-
-239
R5,000,000 for 55+
8.65%
8.66%
-
-239
  • 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 8.65% 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 8.66%. Over 6 months you will earn R239 less 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+
9.11%
9.50%
-
-420
R100,000 for 55+
9.11%
9.50%
-
-420
R250,000 for 18+
9.11%
9.50%
-
-1,050
R250,000 for 55+
9.11%
9.50%
-
-1,050
R1,000,000 for 18+
9.11%
9.50%
-
-4,200
R1,000,000 for 55+
9.11%
9.50%
-
-4,200
R5,000,000 for 18+
9.11%
9.50%
-
-21,000
R5,000,000 for 55+
9.11%
9.50%
-
-21,000
  • 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 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). Sasfin's interest rate for the same terms is 9.50%. Over 12 months you will earn R21,000 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+
9.44%
10.00%
-
-2,221
R100,000 for 55+
9.44%
10.00%
-
-2,221
R250,000 for 18+
9.44%
10.00%
-
-5,552
R250,000 for 55+
9.44%
10.00%
-
-5,552
R1,000,000 for 18+
9.44%
10.00%
-
-22,210
R1,000,000 for 55+
9.44%
10.00%
-
-22,210
R5,000,000 for 18+
9.44%
10.00%
-
-111,048
R5,000,000 for 55+
9.44%
10.00%
-
-111,048
  • 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 9.44% 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 10.00%. Over 3 years you will earn R111,048 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%
10.25%
-
-2,542
R100,000 for 55+
9.94%
10.25%
-
-2,542
R250,000 for 18+
9.94%
10.25%
-
-6,355
R250,000 for 55+
9.94%
10.25%
-
-6,355
R1,000,000 for 18+
9.94%
10.25%
-
-25,419
R1,000,000 for 55+
9.94%
10.25%
-
-25,419
R5,000,000 for 18+
9.94%
10.25%
-
-127,095
R5,000,000 for 55+
9.94%
10.25%
-
-127,095
  • 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 10.25%. Over 5 years you will earn R127,095 less in interest at African Bank compared Sasfin.

How do African Bank interest rates compare to other banks?