FNB vs Absa

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

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

You are more likely to find better interest rates at FNB than Absa. Specifically, 57 out of 100 interest rates are better at FNB than Absa. This means you are more likely to find a better interest rate at Absa 43% 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)

FNB
9.65%
best rate
Absa
9.20%
best rate

The best interest rate you can get at FNB is 9.65% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 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 FNB compare to Absa across different terms and investment amounts?

3 month fixed deposit interest rates compared

FNB vs Absa

This table shows FNB'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 FNB1Absa1 Winner 2
R10,000 for 18+
7.55%
7.85%
-
-8
R10,000 for 55+
8.05%
8.10%
-
-1
R100,000 for 18+
7.55%
7.85%
-
-76
R100,000 for 55+
8.05%
8.10%
-
-14
R250,000 for 18+
7.60%
7.85%
-
-159
R250,000 for 55+
8.10%
8.10%
-
0
R1,000,000 for 18+
7.70%
7.85%
-
-377
R1,000,000 for 55+
8.20%
8.10%
+
259
R5,000,000 for 18+
7.70%
7.85%
-
-1,887
R5,000,000 for 55+
8.20%
8.10%
+
1,294
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Absa.
    A negative amount means that Absa offers more than FNB.
How to read this table?

You get a 8.2% interest rate at FNB for a R5,000,000 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 R1,294 more in interest at FNB compared Absa.

6 month fixed deposit interest rates compared

FNB vs Absa

This table shows FNB'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 FNB1Absa1 Winner 2
R10,000 for 18+
7.70%
8.40%
-
-36
R10,000 for 55+
8.40%
8.45%
-
-3
R100,000 for 18+
7.70%
8.40%
-
-360
R100,000 for 55+
8.40%
8.45%
-
-29
R250,000 for 18+
7.75%
8.40%
-
-840
R250,000 for 55+
8.45%
8.45%
-
0
R1,000,000 for 18+
7.85%
8.40%
-
-2,833
R1,000,000 for 55+
8.60%
8.45%
+
767
R5,000,000 for 18+
7.85%
8.40%
-
-14,165
R5,000,000 for 55+
8.60%
8.45%
+
3,834
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Absa.
    A negative amount means that Absa offers more than FNB.
How to read this table?

You get a 8.6% interest rate at FNB for a R5,000,000 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 R3,834 more in interest at FNB compared Absa.

1 year fixed deposit interest rates compared

FNB vs Absa

This table shows FNB'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 FNB1Absa1 Winner 2
R10,000 for 18+
8.10%
8.95%
-
-92
R10,000 for 55+
8.95%
9.20%
-
-27
R100,000 for 18+
8.10%
8.95%
-
-920
R100,000 for 55+
8.95%
9.20%
-
-270
R250,000 for 18+
8.15%
8.95%
-
-2,175
R250,000 for 55+
9.00%
9.20%
-
-550
R1,000,000 for 18+
8.25%
8.95%
-
-7,600
R1,000,000 for 55+
9.10%
9.20%
-
-1,100
R5,000,000 for 18+
8.25%
8.95%
-
-38,000
R5,000,000 for 55+
9.10%
9.20%
-
-5,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Absa.
    A negative amount means that Absa offers more than FNB.
How to read this table?

You get a 9.1% interest rate at FNB for a R5,000,000 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 R5,500 less in interest at FNB compared Absa.

2 year fixed deposit interest rates compared

FNB vs Absa

This table shows FNB's and Absa's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.

Investment amount FNB1Absa1 Winner 2
R10,000 for 18+
8.15%
8.00%
+
35
R10,000 for 55+
9.00%
8.05%
+
224
R100,000 for 18+
8.15%
8.00%
+
347
R100,000 for 55+
9.00%
8.05%
+
2,243
R250,000 for 18+
8.20%
8.00%
+
1,193
R250,000 for 55+
9.05%
8.05%
+
5,880
R1,000,000 for 18+
8.30%
8.00%
+
6,941
R1,000,000 for 55+
9.20%
8.05%
+
27,244
R5,000,000 for 18+
8.30%
8.00%
+
34,707
R5,000,000 for 55+
9.20%
8.05%
+
136,219
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Absa.
    A negative amount means that Absa offers more than FNB.
How to read this table?

You get a 9.2% interest rate at FNB for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.05%. Over 2 years you will earn R136,219 more in interest at FNB compared Absa.

3 year fixed deposit interest rates compared

FNB vs Absa

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

Investment amount FNB1Absa1 Winner 2
R10,000 for 18+
8.25%
8.10%
+
56
R10,000 for 55+
9.05%
8.15%
+
345
R100,000 for 18+
8.25%
8.10%
+
565
R100,000 for 55+
9.05%
8.15%
+
3,454
R250,000 for 18+
8.30%
8.10%
+
1,855
R250,000 for 55+
9.10%
8.15%
+
9,174
R1,000,000 for 18+
8.40%
8.10%
+
11,316
R1,000,000 for 55+
9.25%
8.15%
+
42,458
R5,000,000 for 18+
8.40%
8.10%
+
56,580
R5,000,000 for 55+
9.25%
8.15%
+
212,292
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Absa.
    A negative amount means that Absa offers more than FNB.
How to read this table?

You get a 9.25% interest rate at FNB for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). Absa's interest rate for the same terms is 8.15%. Over 3 years you will earn R212,292 more in interest at FNB compared Absa.

5 year fixed deposit interest rates compared

FNB vs Absa

This table shows FNB'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 FNB1Absa1 Winner 2
R10,000 for 18+
8.70%
8.65%
+
42
R10,000 for 55+
9.45%
8.70%
+
582
R100,000 for 18+
8.70%
8.65%
+
424
R100,000 for 55+
9.45%
8.70%
+
5,815
R250,000 for 18+
8.75%
8.65%
+
1,945
R250,000 for 55+
9.50%
8.70%
+
15,450
R1,000,000 for 18+
8.85%
8.65%
+
15,590
R1,000,000 for 55+
9.65%
8.70%
+
74,246
R5,000,000 for 18+
8.85%
8.65%
+
77,951
R5,000,000 for 55+
9.65%
8.70%
+
371,229
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Absa.
    A negative amount means that Absa offers more than FNB.
How to read this table?

You get a 9.65% interest rate at FNB for a R5,000,000 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 R371,229 more in interest at FNB compared Absa.

How do FNB interest rates compare to other banks?