Standard Bank vs Absa

Interest rates compared

Last updated 2nd March 2025 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 2nd March 2025.

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, 45 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 55% 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
8.69%
best rate
Absa
8.50%
best rate

The best interest rate you can get at Standard Bank is 8.69% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 and be over the age of 55. Whilst at Absa, the best interest rate you can get is 8.5% for the 60-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 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+
6.74%
7.30%
-
-14
R10,000 for 55+
7.24%
7.45%
-
-5
R100,000 for 18+
7.34%
7.30%
+
9
R100,000 for 55+
7.34%
7.45%
-
-28
R250,000 for 18+
7.34%
7.30%
+
24
R250,000 for 55+
7.34%
7.45%
-
-71
R1,000,000 for 18+
7.43%
7.30%
+
331
R1,000,000 for 55+
7.43%
7.45%
-
-47
R5,000,000 for 18+
7.51%
7.30%
+
2,602
R5,000,000 for 55+
7.51%
7.45%
+
709
  • 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 7.51% 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 7.45%. Over 3 months you will earn R709 more 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+
6.84%
7.85%
-
-52
R10,000 for 55+
7.34%
7.90%
-
-29
R100,000 for 18+
7.43%
7.85%
-
-217
R100,000 for 55+
7.43%
7.90%
-
-241
R250,000 for 18+
7.43%
7.85%
-
-541
R250,000 for 55+
7.43%
7.90%
-
-602
R1,000,000 for 18+
7.53%
7.85%
-
-1,636
R1,000,000 for 55+
7.53%
7.90%
-
-1,876
R5,000,000 for 18+
7.61%
7.85%
-
-6,254
R5,000,000 for 55+
7.61%
7.90%
-
-7,456
  • 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 7.61% 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 7.90%. Over 6 months you will earn R7,456 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+
7.10%
7.90%
-
-85
R10,000 for 55+
7.60%
7.95%
-
-38
R100,000 for 18+
7.66%
7.90%
-
-250
R100,000 for 55+
7.66%
7.95%
-
-310
R250,000 for 18+
7.66%
7.90%
-
-625
R250,000 for 55+
7.66%
7.95%
-
-775
R1,000,000 for 18+
7.77%
7.90%
-
-1,400
R1,000,000 for 55+
7.77%
7.95%
-
-2,000
R5,000,000 for 18+
7.83%
7.90%
-
-3,500
R5,000,000 for 55+
7.83%
7.95%
-
-6,500
  • 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 7.83% 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 7.95%. Over 12 months you will earn R6,500 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+
7.55%
7.85%
-
-69
R10,000 for 55+
8.05%
7.90%
+
35
R100,000 for 18+
8.06%
7.85%
+
476
R100,000 for 55+
8.06%
7.90%
+
368
R250,000 for 18+
8.06%
7.85%
+
1,191
R250,000 for 55+
8.06%
7.90%
+
920
R1,000,000 for 18+
8.06%
7.85%
+
4,763
R1,000,000 for 55+
8.06%
7.90%
+
3,681
R5,000,000 for 18+
8.06%
7.85%
+
23,815
R5,000,000 for 55+
8.06%
7.90%
+
18,407
  • 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 8.06% 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 7.90%. Over 2 years you will earn R18,407 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+
7.67%
8.10%
-
-162
R10,000 for 55+
8.17%
8.30%
-
-49
R100,000 for 18+
8.16%
8.10%
+
212
R100,000 for 55+
8.16%
8.30%
-
-530
R250,000 for 18+
8.16%
8.10%
+
529
R250,000 for 55+
8.16%
8.30%
-
-1,325
R1,000,000 for 18+
8.16%
8.10%
+
2,117
R1,000,000 for 55+
8.16%
8.30%
-
-5,302
R5,000,000 for 18+
8.16%
8.10%
+
10,583
R5,000,000 for 55+
8.16%
8.30%
-
-26,510
  • 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 8.16% 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 8.30%. Over 3 years you will earn R26,510 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+
8.19%
8.45%
-
-202
R10,000 for 55+
8.69%
8.50%
+
141
R100,000 for 18+
8.69%
8.45%
+
1,759
R100,000 for 55+
8.69%
8.50%
+
1,408
R250,000 for 18+
8.69%
8.45%
+
4,397
R250,000 for 55+
8.69%
8.50%
+
3,521
R1,000,000 for 18+
8.69%
8.45%
+
17,590
R1,000,000 for 55+
8.69%
8.50%
+
14,085
R5,000,000 for 18+
8.69%
8.45%
+
87,949
R5,000,000 for 55+
8.69%
8.50%
+
70,424
  • 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 8.69% 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 8.50%. Over 5 years you will earn R70,424 more in interest at Standard Bank compared Absa.