African Bank vs TymeBank

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

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

You are more likely to find better interest rates at African Bank than TymeBank. Specifically, 100 out of 100 interest rates are better at African Bank than TymeBank. This means you are more likely to find a better interest rate at TymeBank 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
TymeBank
8.65%
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 TymeBank, the best interest rate you can get is 8.65% for the 12-month fixed deposit. You will need a minimum deposit of R1 .

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

3 month fixed deposit interest rates compared

African Bank vs TymeBank

This table shows African Bank's and TymeBank'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 Bank1TymeBank1 Winner 2
R10,000 for 18+
8.19%
6.96%
+
31
R10,000 for 55+
8.19%
6.96%
+
31
R100,000 for 18+
8.19%
6.96%
+
309
R100,000 for 55+
8.19%
6.96%
+
309
R250,000 for 18+
8.19%
6.96%
+
774
R250,000 for 55+
8.19%
6.96%
+
774
R1,000,000 for 18+
8.19%
6.96%
+
3,095
R1,000,000 for 55+
8.19%
6.96%
+
3,095
R5,000,000 for 18+
8.19%
6.96%
+
15,473
R5,000,000 for 55+
8.19%
6.96%
+
15,473
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above TymeBank.
    A negative amount means that TymeBank 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). TymeBank's interest rate for the same terms is 6.96%. Over 3 months you will earn R15,473 more in interest at African Bank compared TymeBank.

6 month fixed deposit interest rates compared

African Bank vs TymeBank

This table shows African Bank's and TymeBank'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 Bank1TymeBank1 Winner 2
R10,000 for 18+
8.42%
7.87%
+
28
R10,000 for 55+
8.42%
7.87%
+
28
R100,000 for 18+
8.42%
7.87%
+
283
R100,000 for 55+
8.42%
7.87%
+
283
R250,000 for 18+
8.42%
7.87%
+
708
R250,000 for 55+
8.42%
7.87%
+
708
R1,000,000 for 18+
8.42%
7.87%
+
2,833
R1,000,000 for 55+
8.42%
7.87%
+
2,833
R5,000,000 for 18+
8.42%
7.87%
+
14,163
R5,000,000 for 55+
8.42%
7.87%
+
14,163
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above TymeBank.
    A negative amount means that TymeBank 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). TymeBank's interest rate for the same terms is 7.87%. Over 6 months you will earn R14,163 more in interest at African Bank compared TymeBank.

1 year fixed deposit interest rates compared

African Bank vs TymeBank

This table shows African Bank's and TymeBank'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 Bank1TymeBank1 Winner 2
R10,000 for 18+
8.88%
8.65%
+
25
R10,000 for 55+
8.88%
8.65%
+
25
R100,000 for 18+
8.88%
8.65%
+
250
R100,000 for 55+
8.88%
8.65%
+
250
R250,000 for 18+
8.88%
8.65%
+
625
R250,000 for 55+
8.88%
8.65%
+
625
R1,000,000 for 18+
8.88%
8.65%
+
2,500
R1,000,000 for 55+
8.88%
8.65%
+
2,500
R5,000,000 for 18+
8.88%
8.65%
+
12,500
R5,000,000 for 55+
8.88%
8.65%
+
12,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above TymeBank.
    A negative amount means that TymeBank 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). TymeBank's interest rate for the same terms is 8.65%. Over 12 months you will earn R12,500 more in interest at African Bank compared TymeBank.