Investec vs Absa

Interest rates compared

Last updated 2nd September 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Absa than Investec. Specifically, 38 out of 100 interest rates are better at Investec than Absa. This means you are more likely to find a better interest rate at Absa 62% 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)

Investec
9.10%
best rate
Absa
9.20%
best rate

The best interest rate you can get at Investec is 9.1% for the 12-month fixed deposit. You will need a minimum deposit of R100,000 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 Investec compare to Absa across different terms and investment amounts?

6 month fixed deposit interest rates compared

Investec vs Absa

This table shows Investec'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 Investec1Absa1 Winner 2
R100,000 for 18+
8.26%
8.40%
-
-72
R100,000 for 55+
8.41%
8.45%
-
-24
R250,000 for 18+
8.26%
8.40%
-
-180
R250,000 for 55+
8.41%
8.45%
-
-60
R1,000,000 for 18+
8.26%
8.40%
-
-720
R1,000,000 for 55+
8.41%
8.45%
-
-240
R5,000,000 for 18+
8.26%
8.40%
-
-3,598
R5,000,000 for 55+
8.41%
8.45%
-
-1,199
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Absa.
    A negative amount means that Absa offers more than Investec.
How to read this table?

You get a 8.41% interest rate at Investec 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 R1,199 less in interest at Investec compared Absa.

1 year fixed deposit interest rates compared

Investec vs Absa

This table shows Investec'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 Investec1Absa1 Winner 2
R100,000 for 18+
8.95%
8.95%
-
0
R100,000 for 55+
9.10%
9.20%
-
-110
R250,000 for 18+
8.95%
8.95%
-
0
R250,000 for 55+
9.10%
9.20%
-
-275
R1,000,000 for 18+
8.95%
8.95%
-
0
R1,000,000 for 55+
9.10%
9.20%
-
-1,100
R5,000,000 for 18+
8.95%
8.95%
-
0
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 Investec over and above Absa.
    A negative amount means that Absa offers more than Investec.
How to read this table?

You get a 9.1% interest rate at Investec 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 Investec compared Absa.

2 year fixed deposit interest rates compared

Investec vs Absa

This table shows Investec'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 Investec1Absa1 Winner 2
R100,000 for 18+
8.16%
8.00%
+
369
R100,000 for 55+
8.31%
8.05%
+
608
R250,000 for 18+
8.16%
8.00%
+
921
R250,000 for 55+
8.31%
8.05%
+
1,519
R1,000,000 for 18+
8.16%
8.00%
+
3,685
R1,000,000 for 55+
8.31%
8.05%
+
6,075
R5,000,000 for 18+
8.16%
8.00%
+
18,425
R5,000,000 for 55+
8.31%
8.05%
+
30,377
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Absa.
    A negative amount means that Absa offers more than Investec.
How to read this table?

You get a 8.31% interest rate at Investec 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 R30,377 more in interest at Investec compared Absa.

5 year fixed deposit interest rates compared

Investec vs Absa

This table shows Investec'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 Investec1Absa1 Winner 2
R100,000 for 18+
8.61%
8.65%
-
-282
R100,000 for 55+
8.91%
8.70%
+
1,562
R250,000 for 18+
8.61%
8.65%
-
-705
R250,000 for 55+
8.91%
8.70%
+
3,906
R1,000,000 for 18+
8.61%
8.65%
-
-2,821
R1,000,000 for 55+
8.91%
8.70%
+
15,625
R5,000,000 for 18+
8.61%
8.65%
-
-14,105
R5,000,000 for 55+
8.91%
8.70%
+
78,123
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Investec over and above Absa.
    A negative amount means that Absa offers more than Investec.
How to read this table?

You get a 8.91% interest rate at Investec 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 R78,123 more in interest at Investec compared Absa.

How do Investec interest rates compare to other banks?