African Bank vs Standard Bank

Interest rates compared

Last updated 1st March 2026 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 March 2026.

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
6.95%
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 R1,000,000 . Whilst at Standard Bank, the best interest rate you can get is 6.95401962959048% 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+
6.51%
5.70%
+
20
R100,000 for 18+
6.51%
6.21%
+
75
R250,000 for 18+
6.65%
6.21%
+
275
R1,000,000 for 18+
6.79%
6.31%
+
1,215
  • 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 6.79% interest rate at African Bank for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 6.31%. Over 3 months you will earn R1,215 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+
6.93%
5.72%
+
62
R100,000 for 18+
7.02%
6.23%
+
404
R250,000 for 18+
7.02%
6.23%
+
1,010
R1,000,000 for 18+
7.26%
6.33%
+
4,792
  • 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 7.26% interest rate at African Bank for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 6.33%. Over 6 months you will earn R4,792 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+
7.31%
5.79%
+
161
R100,000 for 18+
7.40%
6.29%
+
1,182
R250,000 for 18+
7.49%
6.29%
+
3,196
R1,000,000 for 18+
7.59%
6.38%
+
12,857
  • 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 7.59% interest rate at African Bank for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 6.38%. Over 12 months you will earn R12,857 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+
7.49%
6.12%
+
313
R100,000 for 18+
7.49%
6.60%
+
2,044
R250,000 for 18+
7.73%
6.60%
+
6,497
R1,000,000 for 18+
7.73%
6.60%
+
25,988
  • 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 7.73% interest rate at African Bank for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 6.60%. Over 2 years you will earn R25,988 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+
7.87%
6.20%
+
615
R100,000 for 18+
7.87%
6.66%
+
4,474
R250,000 for 18+
7.96%
6.66%
+
12,035
R1,000,000 for 18+
7.96%
6.66%
+
48,140
  • 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 7.96% interest rate at African Bank for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 6.66%. Over 3 years you will earn R48,140 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+
8.05%
6.54%
+
1,080
R100,000 for 18+
8.19%
6.95%
+
8,958
R250,000 for 18+
8.42%
6.95%
+
26,714
R1,000,000 for 18+
9.94%
6.95%
+
226,032
  • 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 R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Standard Bank's interest rate for the same terms is 6.95%. Over 5 years you will earn R226,032 more in interest at African Bank compared Standard Bank.

How do African Bank interest rates compare to other banks?