African Bank vs Standard Bank

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

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

You are more likely to find better interest rates at African Bank than Standard Bank. Specifically, 100 out of 100 interest rates are better at African Bank than Standard Bank. This means you are more likely to find a better interest rate at Standard Bank 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
Standard Bank
8.85%
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 Standard Bank, the best interest rate you can get is 8.85% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 .

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

3 month fixed deposit interest rates compared

African Bank vs Standard Bank

This table shows African Bank's and Standard Bank'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 Bank1Standard Bank1 Winner 2
R10,000 for 18+
8.19%
6.93%
+
32
R10,000 for 55+
8.19%
7.43%
+
19
R100,000 for 18+
8.19%
7.61%
+
146
R100,000 for 55+
8.19%
7.61%
+
146
R250,000 for 18+
8.19%
7.61%
+
365
R250,000 for 55+
8.19%
7.61%
+
365
R1,000,000 for 18+
8.19%
7.71%
+
1,201
R1,000,000 for 55+
8.19%
7.71%
+
1,201
R5,000,000 for 18+
8.19%
7.78%
+
5,181
R5,000,000 for 55+
8.19%
7.78%
+
5,181
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 7.78%. Over 3 months you will earn R5,181 more in interest at African Bank compared Standard Bank.

6 month fixed deposit interest rates compared

African Bank vs Standard Bank

This table shows African Bank's and Standard Bank'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 Bank1Standard Bank1 Winner 2
R10,000 for 18+
8.42%
7.19%
+
63
R10,000 for 55+
8.42%
7.69%
+
37
R100,000 for 18+
8.42%
7.74%
+
351
R100,000 for 55+
8.42%
7.74%
+
351
R250,000 for 18+
8.42%
7.74%
+
876
R250,000 for 55+
8.42%
7.74%
+
876
R1,000,000 for 18+
8.42%
7.84%
+
2,977
R1,000,000 for 55+
8.42%
7.84%
+
2,977
R5,000,000 for 18+
8.42%
7.91%
+
13,202
R5,000,000 for 55+
8.42%
7.91%
+
13,202
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 7.91%. Over 6 months you will earn R13,202 more in interest at African Bank compared Standard Bank.

1 year fixed deposit interest rates compared

African Bank vs Standard Bank

This table shows African Bank's and Standard Bank'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 Bank1Standard Bank1 Winner 2
R10,000 for 18+
8.88%
7.18%
+
183
R10,000 for 55+
8.88%
7.68%
+
129
R100,000 for 18+
8.88%
7.88%
+
1,080
R100,000 for 55+
8.88%
7.88%
+
1,080
R250,000 for 18+
8.88%
7.88%
+
2,700
R250,000 for 55+
8.88%
7.88%
+
2,700
R1,000,000 for 18+
8.88%
7.98%
+
9,700
R1,000,000 for 55+
8.88%
7.98%
+
9,700
R5,000,000 for 18+
8.88%
8.05%
+
45,000
R5,000,000 for 55+
8.88%
8.05%
+
45,000
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 8.05%. Over 12 months you will earn R45,000 more in interest at African Bank compared Standard Bank.

2 year fixed deposit interest rates compared

African Bank vs Standard Bank

This table shows African Bank's and Standard Bank'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 Bank1Standard Bank1 Winner 2
R10,000 for 18+
9.11%
7.39%
+
402
R10,000 for 55+
9.11%
7.89%
+
287
R100,000 for 18+
9.11%
8.26%
+
2,006
R100,000 for 55+
9.11%
8.26%
+
2,006
R250,000 for 18+
9.11%
8.26%
+
5,016
R250,000 for 55+
9.11%
8.26%
+
5,016
R1,000,000 for 18+
9.11%
8.26%
+
20,063
R1,000,000 for 55+
9.11%
8.26%
+
20,063
R5,000,000 for 18+
9.11%
8.26%
+
100,317
R5,000,000 for 55+
9.11%
8.26%
+
100,317
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 8.26%. Over 2 years you will earn R100,317 more in interest at African Bank compared Standard Bank.

3 year fixed deposit interest rates compared

African Bank vs Standard Bank

This table shows African Bank's and Standard Bank'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 Bank1Standard Bank1 Winner 2
R10,000 for 18+
9.21%
7.66%
+
596
R10,000 for 55+
9.21%
8.16%
+
407
R100,000 for 18+
9.21%
8.13%
+
4,172
R100,000 for 55+
9.21%
8.13%
+
4,172
R250,000 for 18+
9.21%
8.13%
+
10,430
R250,000 for 55+
9.21%
8.13%
+
10,430
R1,000,000 for 18+
9.21%
8.13%
+
41,722
R1,000,000 for 55+
9.21%
8.13%
+
41,722
R5,000,000 for 18+
9.21%
8.13%
+
208,609
R5,000,000 for 55+
9.21%
8.13%
+
208,609
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 8.13%. Over 3 years you will earn R208,609 more in interest at African Bank compared Standard Bank.

5 year fixed deposit interest rates compared

African Bank vs Standard Bank

This table shows African Bank's and Standard Bank'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 Bank1Standard Bank1 Winner 2
R10,000 for 18+
9.94%
7.86%
+
1,612
R10,000 for 55+
9.94%
8.36%
+
1,239
R100,000 for 18+
9.94%
8.85%
+
8,653
R100,000 for 55+
9.94%
8.85%
+
8,653
R250,000 for 18+
9.94%
8.85%
+
21,634
R250,000 for 55+
9.94%
8.85%
+
21,634
R1,000,000 for 18+
9.94%
8.85%
+
86,534
R1,000,000 for 55+
9.94%
8.85%
+
86,534
R5,000,000 for 18+
9.94%
8.85%
+
432,672
R5,000,000 for 55+
9.94%
8.85%
+
432,672
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Standard Bank.
    A negative amount means that Standard Bank 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). Standard Bank's interest rate for the same terms is 8.85%. Over 5 years you will earn R432,672 more in interest at African Bank compared Standard Bank.