Fedgroup vs Absa

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

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

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

Fedgroup
9.30%
best rate
Absa
8.95%
best rate

The best interest rate you can get at Fedgroup is 9.3% for the 60-month fixed deposit. You will need a minimum deposit of R5,000 . 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 Fedgroup compare to Absa across different terms and investment amounts?

5 year fixed deposit interest rates compared

Fedgroup vs Absa

This table shows Fedgroup's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount Fedgroup1Absa1 Winner 2
R10,000 for 18+
9.30%
8.65%
+
508
R10,000 for 55+
9.30%
8.70%
+
465
R100,000 for 18+
9.30%
8.65%
+
5,077
R100,000 for 55+
9.30%
8.70%
+
4,653
R250,000 for 18+
9.30%
8.65%
+
12,692
R250,000 for 55+
9.30%
8.70%
+
11,632
R1,000,000 for 18+
9.30%
8.65%
+
50,768
R1,000,000 for 55+
9.30%
8.70%
+
46,529
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Fedgroup over and above Absa.
    A negative amount means that Absa offers more than Fedgroup.
How to read this table?

You get a 9.3% interest rate at Fedgroup for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.70%. Over 5 years you will earn R46,529 more in interest at Fedgroup compared Absa.

How do Fedgroup interest rates compare to other banks?