FNB vs African Bank

Interest rates compared

Last updated 2nd March 2025 by Walter

Introduction

This fixed deposit comparison page compares FNB interest rates to African Bank interest rates. All the interest rates shown are sourced from the FNB 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 2nd March 2025.

How do FNB fixed deposit interest rates compare to African Bank ?

You are more likely to find better interest rates at African Bank than FNB. Specifically, 0 out of 100 interest rates are better at FNB than African Bank. This means you are more likely to find a better interest rate at African Bank 100% 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
8.60%
best rate
African Bank
9.94%
best rate

The best interest rate you can get at FNB is 8.6% 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 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 FNB compare to African Bank across different terms and investment amounts?

3 month fixed deposit interest rates compared

FNB vs African Bank

This table shows FNB'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 FNB1African Bank1 Winner 2
R10,000 for 18+
6.90%
7.73%
-
-21
R10,000 for 55+
7.00%
7.73%
-
-18
R10,000 for 55+
7.00%
7.73%
-
-18
R10,000 for 55+
6.90%
7.73%
-
-21
R100,000 for 18+
6.90%
7.73%
-
-211
R100,000 for 55+
7.00%
7.73%
-
-185
R100,000 for 55+
7.00%
7.73%
-
-185
R100,000 for 55+
6.90%
7.73%
-
-211
R250,000 for 18+
7.00%
7.73%
-
-461
R250,000 for 55+
7.10%
7.73%
-
-396
R250,000 for 55+
7.10%
7.73%
-
-396
R250,000 for 55+
7.00%
7.73%
-
-461
R1,000,000 for 18+
7.20%
7.73%
-
-1,348
R1,000,000 for 55+
7.30%
7.73%
-
-1,087
R1,000,000 for 55+
7.30%
7.73%
-
-1,087
R1,000,000 for 55+
7.20%
7.73%
-
-1,348
R5,000,000 for 18+
7.20%
7.73%
-
-6,738
R5,000,000 for 55+
7.30%
7.73%
-
-5,436
R5,000,000 for 55+
7.30%
7.73%
-
-5,436
R5,000,000 for 55+
7.20%
7.73%
-
-6,738
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above African Bank.
    A negative amount means that African Bank offers more than FNB.
How to read this table?

You get a 7.2% interest rate at FNB for a R5,000,000 investment in a 3 month fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 7.73%. Over 3 months you will earn R6,738 less in interest at FNB compared African Bank.

6 month fixed deposit interest rates compared

FNB vs African Bank

This table shows FNB'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 FNB1African Bank1 Winner 2
R10,000 for 18+
7.05%
7.96%
-
-47
R10,000 for 55+
7.15%
7.96%
-
-42
R10,000 for 55+
7.15%
7.96%
-
-42
R10,000 for 55+
7.05%
7.96%
-
-47
R100,000 for 18+
7.05%
7.96%
-
-472
R100,000 for 55+
7.15%
7.96%
-
-419
R100,000 for 55+
7.15%
7.96%
-
-419
R100,000 for 55+
7.05%
7.96%
-
-472
R250,000 for 18+
7.15%
7.96%
-
-1,047
R250,000 for 55+
7.25%
7.96%
-
-915
R250,000 for 55+
7.25%
7.96%
-
-915
R250,000 for 55+
7.15%
7.96%
-
-1,047
R1,000,000 for 18+
7.35%
7.96%
-
-3,176
R1,000,000 for 55+
7.50%
7.96%
-
-2,406
R1,000,000 for 55+
7.50%
7.96%
-
-2,406
R1,000,000 for 55+
7.35%
7.96%
-
-3,176
R5,000,000 for 18+
7.35%
7.96%
-
-15,882
R5,000,000 for 55+
7.50%
7.96%
-
-12,028
R5,000,000 for 55+
7.50%
7.96%
-
-12,028
R5,000,000 for 55+
7.35%
7.96%
-
-15,882
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above African Bank.
    A negative amount means that African Bank offers more than FNB.
How to read this table?

You get a 7.35% interest rate at FNB for a R5,000,000 investment in a 6 month fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 7.96%. Over 6 months you will earn R15,882 less in interest at FNB compared African Bank.

1 year fixed deposit interest rates compared

FNB vs African Bank

This table shows FNB'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 FNB1African Bank1 Winner 2
R10,000 for 18+
7.55%
8.42%
-
-93
R10,000 for 55+
7.95%
8.42%
-
-50
R10,000 for 55+
7.95%
8.42%
-
-50
R10,000 for 55+
7.55%
8.42%
-
-93
R100,000 for 18+
7.55%
8.42%
-
-930
R100,000 for 55+
7.95%
8.42%
-
-500
R100,000 for 55+
7.95%
8.42%
-
-500
R100,000 for 55+
7.55%
8.42%
-
-930
R250,000 for 18+
7.65%
8.42%
-
-2,075
R250,000 for 55+
8.05%
8.42%
-
-1,000
R250,000 for 55+
8.05%
8.42%
-
-1,000
R250,000 for 55+
7.65%
8.42%
-
-2,075
R1,000,000 for 18+
7.85%
8.42%
-
-6,100
R1,000,000 for 55+
8.25%
8.42%
-
-1,800
R1,000,000 for 55+
8.25%
8.42%
-
-1,800
R1,000,000 for 55+
7.85%
8.42%
-
-6,100
R5,000,000 for 18+
7.85%
8.42%
-
-30,500
R5,000,000 for 55+
8.25%
8.42%
-
-9,000
R5,000,000 for 55+
8.25%
8.42%
-
-9,000
R5,000,000 for 55+
7.85%
8.42%
-
-30,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above African Bank.
    A negative amount means that African Bank offers more than FNB.
How to read this table?

You get a 7.85% interest rate at FNB for a R5,000,000 investment in a 1 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.42%. Over 12 months you will earn R30,500 less in interest at FNB compared African Bank.

2 year fixed deposit interest rates compared

FNB vs African Bank

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

Investment amount FNB1African Bank1 Winner 2
R10,000 for 18+
7.55%
8.65%
-
-256
R10,000 for 55+
7.75%
8.65%
-
-211
R10,000 for 55+
7.75%
8.65%
-
-211
R10,000 for 55+
7.55%
8.65%
-
-256
R100,000 for 18+
7.55%
8.65%
-
-2,558
R100,000 for 55+
7.75%
8.65%
-
-2,105
R100,000 for 55+
7.75%
8.65%
-
-2,105
R100,000 for 55+
7.55%
8.65%
-
-2,558
R250,000 for 18+
7.65%
8.65%
-
-5,857
R250,000 for 55+
7.85%
8.65%
-
-4,669
R250,000 for 55+
7.85%
8.65%
-
-4,669
R250,000 for 55+
7.65%
8.65%
-
-5,857
R1,000,000 for 18+
7.85%
8.65%
-
-18,674
R1,000,000 for 55+
8.10%
8.65%
-
-12,827
R1,000,000 for 55+
8.10%
8.65%
-
-12,827
R1,000,000 for 55+
7.85%
8.65%
-
-18,674
R5,000,000 for 18+
7.85%
8.65%
-
-93,370
R5,000,000 for 55+
8.10%
8.65%
-
-64,136
R5,000,000 for 55+
8.10%
8.65%
-
-64,136
R5,000,000 for 55+
7.85%
8.65%
-
-93,370
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above African Bank.
    A negative amount means that African Bank offers more than FNB.
How to read this table?

You get a 7.85% interest rate at FNB for a R5,000,000 investment in a 2 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.65%. Over 2 years you will earn R93,370 less in interest at FNB compared African Bank.

3 year fixed deposit interest rates compared

FNB vs African Bank

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

Investment amount FNB1African Bank1 Winner 2
R10,000 for 18+
7.65%
8.75%
-
-420
R10,000 for 55+
7.75%
8.75%
-
-382
R10,000 for 55+
7.75%
8.75%
-
-382
R10,000 for 55+
7.65%
8.75%
-
-420
R100,000 for 18+
7.65%
8.75%
-
-4,204
R100,000 for 55+
7.75%
8.75%
-
-3,819
R100,000 for 55+
7.75%
8.75%
-
-3,819
R100,000 for 55+
7.65%
8.75%
-
-4,204
R250,000 for 18+
7.75%
8.75%
-
-9,548
R250,000 for 55+
7.85%
8.75%
-
-8,584
R250,000 for 55+
7.85%
8.75%
-
-8,584
R250,000 for 55+
7.75%
8.75%
-
-9,548
R1,000,000 for 18+
7.95%
8.75%
-
-30,473
R1,000,000 for 55+
8.10%
8.75%
-
-24,840
R1,000,000 for 55+
8.10%
8.75%
-
-24,840
R1,000,000 for 55+
7.95%
8.75%
-
-30,473
R5,000,000 for 18+
7.95%
8.75%
-
-152,367
R5,000,000 for 55+
8.10%
8.75%
-
-124,202
R5,000,000 for 55+
8.10%
8.75%
-
-124,202
R5,000,000 for 55+
7.95%
8.75%
-
-152,367
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above African Bank.
    A negative amount means that African Bank offers more than FNB.
How to read this table?

You get a 7.95% interest rate at FNB for a R5,000,000 investment in a 3 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 8.75%. Over 3 years you will earn R152,367 less in interest at FNB compared African Bank.

5 year fixed deposit interest rates compared

FNB vs African Bank

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

Investment amount FNB1African Bank1 Winner 2
R10,000 for 18+
8.05%
9.94%
-
-1,475
R10,000 for 55+
8.25%
9.94%
-
-1,322
R10,000 for 55+
8.25%
9.94%
-
-1,322
R10,000 for 55+
8.05%
9.94%
-
-1,475
R100,000 for 18+
8.05%
9.94%
-
-14,746
R100,000 for 55+
8.25%
9.94%
-
-13,224
R100,000 for 55+
8.25%
9.94%
-
-13,224
R100,000 for 55+
8.05%
9.94%
-
-14,746
R250,000 for 18+
8.15%
9.94%
-
-34,965
R250,000 for 55+
8.35%
9.94%
-
-31,144
R250,000 for 55+
8.35%
9.94%
-
-31,144
R250,000 for 55+
8.15%
9.94%
-
-34,965
R1,000,000 for 18+
8.35%
9.94%
-
-124,578
R1,000,000 for 55+
8.60%
9.94%
-
-105,650
R1,000,000 for 55+
8.60%
9.94%
-
-105,650
R1,000,000 for 55+
8.35%
9.94%
-
-124,578
R5,000,000 for 18+
8.35%
9.94%
-
-622,889
R5,000,000 for 55+
8.60%
9.94%
-
-528,252
R5,000,000 for 55+
8.60%
9.94%
-
-528,252
R5,000,000 for 55+
8.35%
9.94%
-
-622,889
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above African Bank.
    A negative amount means that African Bank offers more than FNB.
How to read this table?

You get a 8.35% interest rate at FNB for a R5,000,000 investment in a 5 year fixed deposit (if you are older than 55). African Bank's interest rate for the same terms is 9.94%. Over 5 years you will earn R622,889 less in interest at FNB compared African Bank.