Bidvest vs Absa

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

This fixed deposit comparison page compares Bidvest interest rates to Absa interest rates. All the interest rates shown are sourced from the Bidvest and Absa 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 Bidvest fixed deposit interest rates compare to Absa ?

You are more likely to find better interest rates at Bidvest than Absa. Specifically, 83 out of 100 interest rates are better at Bidvest than Absa. This means you are more likely to find a better interest rate at Absa 17% 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)

Bidvest
9.16%
best rate
Absa
9.20%
best rate

The best interest rate you can get at Bidvest is 9.16% for the 12-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55. Whilst at Absa, the best interest rate you can get is 9.2% for the 12-month fixed deposit. You will need a minimum deposit of R1,000 and be over the age of 55.

But how do interest rates at Bidvest compare to Absa across different terms and investment amounts?

3 month fixed deposit interest rates compared

Bidvest vs Absa

This table shows Bidvest's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit.

Investment amount Bidvest1Absa1 Winner 2
R10,000 for 18+
8.54%
7.85%
+
17
R10,000 for 55+
8.54%
8.10%
+
11
R100,000 for 18+
8.54%
7.85%
+
174
R100,000 for 55+
8.54%
8.10%
+
110
R250,000 for 18+
8.54%
7.85%
+
435
R250,000 for 55+
8.54%
8.10%
+
276
R1,000,000 for 18+
8.54%
7.85%
+
1,740
R1,000,000 for 55+
8.54%
8.10%
+
1,104
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above Absa.
    A negative amount means that Absa offers more than Bidvest.
How to read this table?

You get a 8.54% interest rate at Bidvest for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.10%. Over 3 months you will earn R1,104 more in interest at Bidvest compared Absa.

6 month fixed deposit interest rates compared

Bidvest vs Absa

This table shows Bidvest's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.

Investment amount Bidvest1Absa1 Winner 2
R10,000 for 18+
8.90%
8.40%
+
26
R10,000 for 55+
8.90%
8.45%
+
23
R100,000 for 18+
8.90%
8.40%
+
259
R100,000 for 55+
8.90%
8.45%
+
230
R250,000 for 18+
8.90%
8.40%
+
647
R250,000 for 55+
8.90%
8.45%
+
575
R1,000,000 for 18+
8.90%
8.40%
+
2,586
R1,000,000 for 55+
8.90%
8.45%
+
2,298
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above Absa.
    A negative amount means that Absa offers more than Bidvest.
How to read this table?

You get a 8.9% interest rate at Bidvest for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.45%. Over 6 months you will earn R2,298 more in interest at Bidvest compared Absa.

1 year fixed deposit interest rates compared

Bidvest vs Absa

This table shows Bidvest's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.

Investment amount Bidvest1Absa1 Winner 2
R10,000 for 18+
9.11%
8.95%
+
17
R10,000 for 55+
9.16%
9.20%
-
-5
R100,000 for 18+
9.11%
8.95%
+
170
R100,000 for 55+
9.16%
9.20%
-
-50
R250,000 for 18+
9.11%
8.95%
+
425
R250,000 for 55+
9.16%
9.20%
-
-125
R1,000,000 for 18+
9.11%
8.95%
+
1,700
R1,000,000 for 55+
9.16%
9.20%
-
-500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above Absa.
    A negative amount means that Absa offers more than Bidvest.
How to read this table?

You get a 9.16% interest rate at Bidvest for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 9.20%. Over 12 months you will earn R500 less in interest at Bidvest compared Absa.

How do Bidvest interest rates compare to other banks?