Standard Bank vs Absa

Interest rates compared

Last updated 1st November 2024 by Walter

Introduction

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

You are more likely to find better interest rates at Absa than Standard Bank. Specifically, 35 out of 100 interest rates are better at Standard Bank than Absa. This means you are more likely to find a better interest rate at Absa 65% 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)

Standard Bank
8.85%
best rate
Absa
8.95%
best rate

The best interest rate you can get at Standard Bank is 8.85% for the 60-month fixed deposit. You will need a minimum deposit of R100,000 . 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 Standard Bank compare to Absa across different terms and investment amounts?

3 month fixed deposit interest rates compared

Standard Bank vs Absa

This table shows Standard Bank'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 Standard Bank1Absa1 Winner 2
R10,000 for 18+
6.93%
7.85%
-
-23
R10,000 for 55+
7.43%
8.10%
-
-17
R100,000 for 18+
7.61%
7.85%
-
-61
R100,000 for 55+
7.61%
8.10%
-
-125
R250,000 for 18+
7.61%
7.85%
-
-153
R250,000 for 55+
7.61%
8.10%
-
-312
R1,000,000 for 18+
7.71%
7.85%
-
-354
R1,000,000 for 55+
7.71%
8.10%
-
-990
R5,000,000 for 18+
7.78%
7.85%
-
-943
R5,000,000 for 55+
7.78%
8.10%
-
-4,123
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Absa.
    A negative amount means that Absa offers more than Standard Bank.
How to read this table?

You get a 7.78% interest rate at Standard Bank 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 R4,123 less in interest at Standard Bank compared Absa.

6 month fixed deposit interest rates compared

Standard Bank vs Absa

This table shows Standard Bank'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 Standard Bank1Absa1 Winner 2
R10,000 for 18+
7.19%
8.40%
-
-63
R10,000 for 55+
7.69%
8.45%
-
-39
R100,000 for 18+
7.74%
8.40%
-
-341
R100,000 for 55+
7.74%
8.45%
-
-370
R250,000 for 18+
7.74%
8.40%
-
-853
R250,000 for 55+
7.74%
8.45%
-
-924
R1,000,000 for 18+
7.84%
8.40%
-
-2,881
R1,000,000 for 55+
7.84%
8.45%
-
-3,169
R5,000,000 for 18+
7.91%
8.40%
-
-12,722
R5,000,000 for 55+
7.91%
8.45%
-
-14,161
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Absa.
    A negative amount means that Absa offers more than Standard Bank.
How to read this table?

You get a 7.91% interest rate at Standard Bank 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 R14,161 less in interest at Standard Bank compared Absa.

1 year fixed deposit interest rates compared

Standard Bank vs Absa

This table shows Standard Bank'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 Standard Bank1Absa1 Winner 2
R10,000 for 18+
7.18%
8.95%
-
-191
R10,000 for 55+
7.68%
8.85%
-
-126
R100,000 for 18+
7.88%
8.95%
-
-1,160
R100,000 for 55+
7.88%
8.85%
-
-1,050
R250,000 for 18+
7.88%
8.95%
-
-2,900
R250,000 for 55+
7.88%
8.85%
-
-2,625
R1,000,000 for 18+
7.98%
8.95%
-
-10,500
R1,000,000 for 55+
7.98%
8.85%
-
-9,400
R5,000,000 for 18+
8.05%
8.95%
-
-49,000
R5,000,000 for 55+
8.05%
8.85%
-
-43,500
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Absa.
    A negative amount means that Absa offers more than Standard Bank.
How to read this table?

You get a 8.05% interest rate at Standard Bank 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 8.85%. Over 12 months you will earn R43,500 less in interest at Standard Bank compared Absa.

2 year fixed deposit interest rates compared

Standard Bank vs Absa

This table shows Standard Bank'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 Standard Bank1Absa1 Winner 2
R10,000 for 18+
7.39%
8.00%
-
-140
R10,000 for 55+
7.89%
8.05%
-
-37
R100,000 for 18+
8.26%
8.00%
+
607
R100,000 for 55+
8.26%
8.05%
+
499
R250,000 for 18+
8.26%
8.00%
+
1,518
R250,000 for 55+
8.26%
8.05%
+
1,247
R1,000,000 for 18+
8.26%
8.00%
+
6,073
R1,000,000 for 55+
8.26%
8.05%
+
4,989
R5,000,000 for 18+
8.26%
8.00%
+
30,363
R5,000,000 for 55+
8.26%
8.05%
+
24,947
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Absa.
    A negative amount means that Absa offers more than Standard Bank.
How to read this table?

You get a 8.26% interest rate at Standard Bank 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 R24,947 more in interest at Standard Bank compared Absa.

3 year fixed deposit interest rates compared

Standard Bank vs Absa

This table shows Standard Bank'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 Standard Bank1Absa1 Winner 2
R10,000 for 18+
7.66%
8.10%
-
-168
R10,000 for 55+
8.16%
8.15%
+
4
R100,000 for 18+
8.13%
8.10%
+
106
R100,000 for 55+
8.13%
8.15%
-
-71
R250,000 for 18+
8.13%
8.10%
+
265
R250,000 for 55+
8.13%
8.15%
-
-176
R1,000,000 for 18+
8.13%
8.10%
+
1,058
R1,000,000 for 55+
8.13%
8.15%
-
-706
R5,000,000 for 18+
8.13%
8.10%
+
5,290
R5,000,000 for 55+
8.13%
8.15%
-
-3,528
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Absa.
    A negative amount means that Absa offers more than Standard Bank.
How to read this table?

You get a 8.13% interest rate at Standard Bank 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 R3,528 less in interest at Standard Bank compared Absa.

5 year fixed deposit interest rates compared

Standard Bank vs Absa

This table shows Standard Bank'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 Standard Bank1Absa1 Winner 2
R10,000 for 18+
7.86%
8.65%
-
-591
R10,000 for 55+
8.36%
8.70%
-
-260
R100,000 for 18+
8.85%
8.65%
+
1,559
R100,000 for 55+
8.85%
8.70%
+
1,135
R250,000 for 18+
8.85%
8.65%
+
3,898
R250,000 for 55+
8.85%
8.70%
+
2,838
R1,000,000 for 18+
8.85%
8.65%
+
15,590
R1,000,000 for 55+
8.85%
8.70%
+
11,351
R5,000,000 for 18+
8.85%
8.65%
+
77,951
R5,000,000 for 55+
8.85%
8.70%
+
56,754
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at Standard Bank over and above Absa.
    A negative amount means that Absa offers more than Standard Bank.
How to read this table?

You get a 8.85% interest rate at Standard Bank 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 R56,754 more in interest at Standard Bank compared Absa.