Bidvest vs African Bank

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Bidvest than African Bank. Specifically, 67 out of 100 interest rates are better at Bidvest than African Bank. This means you are more likely to find a better interest rate at African Bank 33% 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
African Bank
9.94%
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 African Bank, the best interest rate you can get is 9.94% for the 60-month fixed deposit. You will need a minimum deposit of R500 .

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

3 month fixed deposit interest rates compared

Bidvest vs African Bank

This table shows Bidvest's and African 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 Bidvest1African Bank1 Winner 2
R10,000 for 18+
8.24%
8.19%
+
1
R10,000 for 55+
8.24%
8.19%
+
1
R100,000 for 18+
8.24%
8.19%
+
14
R100,000 for 55+
8.24%
8.19%
+
14
R250,000 for 18+
8.24%
8.19%
+
35
R250,000 for 55+
8.24%
8.19%
+
35
R1,000,000 for 18+
8.24%
8.19%
+
141
R1,000,000 for 55+
8.24%
8.19%
+
141
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above African Bank.
    A negative amount means that African Bank 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). African Bank's interest rate for the same terms is 8.19%. Over 3 months you will earn R141 more in interest at Bidvest compared African Bank.

6 month fixed deposit interest rates compared

Bidvest vs African Bank

This table shows Bidvest's and African 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 Bidvest1African Bank1 Winner 2
R10,000 for 18+
8.45%
8.42%
+
2
R10,000 for 55+
8.45%
8.42%
+
2
R100,000 for 18+
8.45%
8.42%
+
19
R100,000 for 55+
8.45%
8.42%
+
19
R250,000 for 18+
8.45%
8.42%
+
48
R250,000 for 55+
8.45%
8.42%
+
48
R1,000,000 for 18+
8.45%
8.42%
+
192
R1,000,000 for 55+
8.45%
8.42%
+
192
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above African Bank.
    A negative amount means that African Bank 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). African Bank's interest rate for the same terms is 8.42%. Over 6 months you will earn R192 more in interest at Bidvest compared African Bank.

1 year fixed deposit interest rates compared

Bidvest vs African Bank

This table shows Bidvest's and African 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 Bidvest1African Bank1 Winner 2
R10,000 for 18+
8.60%
8.88%
-
-30
R10,000 for 55+
8.65%
8.88%
-
-25
R100,000 for 18+
8.60%
8.88%
-
-300
R100,000 for 55+
8.65%
8.88%
-
-250
R250,000 for 18+
8.60%
8.88%
-
-750
R250,000 for 55+
8.65%
8.88%
-
-625
R1,000,000 for 18+
8.60%
8.88%
-
-3,000
R1,000,000 for 55+
8.65%
8.88%
-
-2,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Bidvest over and above African Bank.
    A negative amount means that African Bank 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). African Bank's interest rate for the same terms is 8.88%. Over 12 months you will earn R2,500 less in interest at Bidvest compared African Bank.

How do Bidvest interest rates compare to other banks?