Bidvest vs Absa

Interest rates compared

Last updated 1st November 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 1st November 2024.

How do Bidvest fixed deposit interest rates compare to Absa ?

You are more likely to find better interest rates at Absa than Bidvest. Specifically, 50 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 50% 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
8.65%
best rate
Absa
8.95%
best rate

The best interest rate you can get at Bidvest is 8.65% 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 8.95% for the 12-month fixed deposit. You will need a minimum deposit of R1,000 .

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+
8.24%
7.85%
+
10
R10,000 for 55+
8.24%
8.10%
+
4
R100,000 for 18+
8.24%
7.85%
+
99
R100,000 for 55+
8.24%
8.10%
+
35
R250,000 for 18+
8.24%
7.85%
+
247
R250,000 for 55+
8.24%
8.10%
+
88
R1,000,000 for 18+
8.24%
7.85%
+
989
R1,000,000 for 55+
8.24%
8.10%
+
353
  • 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 8.24% 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 R353 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+
8.45%
8.40%
+
3
R10,000 for 55+
8.45%
8.45%
-
0
R100,000 for 18+
8.45%
8.40%
+
29
R100,000 for 55+
8.45%
8.45%
-
0
R250,000 for 18+
8.45%
8.40%
+
72
R250,000 for 55+
8.45%
8.45%
-
0
R1,000,000 for 18+
8.45%
8.40%
+
288
R1,000,000 for 55+
8.45%
8.45%
-
0
  • 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 8.45% 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 R0 less 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+
8.60%
8.95%
-
-38
R10,000 for 55+
8.65%
8.85%
-
-22
R100,000 for 18+
8.60%
8.95%
-
-380
R100,000 for 55+
8.65%
8.85%
-
-220
R250,000 for 18+
8.60%
8.95%
-
-950
R250,000 for 55+
8.65%
8.85%
-
-550
R1,000,000 for 18+
8.60%
8.95%
-
-3,800
R1,000,000 for 55+
8.65%
8.85%
-
-2,200
  • 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 8.65% 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 8.85%. Over 12 months you will earn R2,200 less in interest at Bidvest compared Absa.

How do Bidvest interest rates compare to other banks?